ITT Inc. (ITT) Given Consensus Recommendation of “Buy” by Analysts

ITT Inc. (NYSE:ITT) has earned an average recommendation of “Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $50.86.

A number of equities analysts recently weighed in on ITT shares. Zacks Investment Research raised ITT from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Thursday, October 12th. KeyCorp reissued a “buy” rating on shares of ITT in a research note on Friday, November 3rd. Seaport Global Securities reissued a “buy” rating on shares of ITT in a research note on Monday, November 6th. Deutsche Bank raised ITT from a “hold” rating to a “buy” rating and lifted their price target for the stock from $46.00 to $55.00 in a research note on Monday, October 9th. Finally, ValuEngine raised ITT from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th.

In other ITT news, insider Denise L. Ramos sold 161,100 shares of ITT stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $50.14, for a total transaction of $8,077,554.00. Following the transaction, the insider now owns 283,032 shares of the company’s stock, valued at approximately $14,191,224.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Steven C. Giuliano sold 5,860 shares of ITT stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $50.94, for a total value of $298,508.40. The disclosure for this sale can be found here. Insiders sold a total of 171,960 shares of company stock worth $8,630,962 in the last three months. 1.20% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in ITT. Riverhead Capital Management LLC grew its stake in ITT by 57.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,918 shares of the conglomerate’s stock valued at $117,000 after acquiring an additional 1,059 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in ITT by 10.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,280 shares of the conglomerate’s stock valued at $132,000 after acquiring an additional 314 shares in the last quarter. Stevens First Principles Investment Advisors purchased a new position in ITT during the 3rd quarter valued at about $137,000. Huntington National Bank purchased a new position in ITT during the 3rd quarter valued at about $191,000. Finally, Stephens Inc. AR grew its stake in ITT by 2.4% during the 2nd quarter. Stephens Inc. AR now owns 5,532 shares of the conglomerate’s stock valued at $222,000 after acquiring an additional 130 shares in the last quarter. 92.49% of the stock is currently owned by institutional investors.

ITT (NYSE ITT) traded up $0.01 during trading hours on Friday, reaching $54.91. The company had a trading volume of 269,101 shares, compared to its average volume of 577,467. The firm has a market capitalization of $4,770.00, a price-to-earnings ratio of 24.08, a P/E/G ratio of 1.45 and a beta of 1.59. ITT has a 1 year low of $36.93 and a 1 year high of $55.34.

ITT (NYSE:ITT) last released its earnings results on Thursday, November 2nd. The conglomerate reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. The firm had revenue of $645.00 million for the quarter, compared to analyst estimates of $605.06 million. ITT had a return on equity of 14.12% and a net margin of 8.29%. ITT’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 earnings per share. research analysts anticipate that ITT will post 2.53 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This report was reported by Stock Observer and is the sole property of of Stock Observer. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.thestockobserver.com/2018/01/12/itt-inc-itt-given-consensus-recommendation-of-buy-by-analysts.html.

About ITT

ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Company’s product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment, and is a provider of plant optimization, solutions and aftermarket services and parts.

Analyst Recommendations for ITT (NYSE:ITT)

Receive News & Ratings for ITT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITT and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply