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.
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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.
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