ITT Corporation: Fund Stock Sales in Third Quarter

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of ITT Corporation (NYSE:ITT).

SEC data indicate that these institutions significantly reduced their stock shares of ITT Corporation in Q3 2011:

  • CAPITAL WORLD INVESTORS: On 06/30/2011, held 1,022,971 shares, worth $119,339,797. On 09/30/2011, held 0 shares.
  • PERRY CORP: On 06/30/2011, held 856,850 shares, worth $99,960,121. On 09/30/2011, held 0 shares.
  • BOWEN HANES & CO INC: On 06/30/2011, held 541,251 shares, worth $63,142,342. On 09/30/2011, held 0 shares.
  • GREAT LAKES ADVISORS INC: On 06/30/2011, held 377,159 shares, worth $43,999,369. On 09/30/2011, held 0 shares.
  • UBS GLOBAL ASSET MANAGEMENT AMERICAS INC: On 06/30/2011, held 364,734 shares, worth $42,549,868. On 09/30/2011, held 0 shares.

About the company: ITT Corporation designs and manufactures a variety of engineered products. The Company produces pumps, systems, and services to measure and control water and other fluids. ITT also supplies military defense systems, including night vision devices, secure communication systems, and avionics, in addition to providing electrical interconnects, and data storage and PC cards.

Competitors to Watch: General Dynamics Corp. (NYSE:GD), Raytheon Company (NYSE:RTN), Lockheed Martin Corp. (NYSE:LMT), Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS), Northrop Grumman Corp. (NYSE:NOC), The Boeing Company (NYSE:BA), L-3 Communications Hldgs., Inc. (NYSE:LLL), Goodrich Corporation (NYSE:GR), FLIR Systems, Inc. (NASDAQ:FLIR).

(Note: Data regarding ITT Corporation’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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