ITT Industries Inc. , White Plains, N.Y., plans to conduct an asset...

ITT Industries Inc., White Plains, N.Y., plans to conduct an asset allocation study later this year, said Clayton Young, assistant treasurer. The $3.1 billion plan may make managerial changes as a result, he said. ITT’s consultant is Buck Consultants, but it hasn’t been determined yet whether another firm will be hired to do the study, Mr. Young said.