ITT (NYSE:ITT) Price Target Raised to $150.00

ITT (NYSE:ITT) had its target price hoisted by analysts at Stifel Nicolaus from $141.00 to $150.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the conglomerate’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 19.56% from the stock’s previous close.

ITT has been the subject of several other reports. KeyCorp raised their target price on ITT from $136.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. StockNews.com lowered ITT from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 6th. DA Davidson lifted their price objective on ITT from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. Finally, Citigroup lifted their price objective on ITT from $139.00 to $157.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $135.57.

ITT Trading Down 1.7 %

Shares of ITT traded down $2.11 during trading hours on Wednesday, reaching $125.46. The stock had a trading volume of 196,301 shares, compared to its average volume of 355,157. ITT has a 12 month low of $75.82 and a 12 month high of $138.29. The firm has a 50-day simple moving average of $128.16 and a 200 day simple moving average of $116.08. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 1.75 and a beta of 1.43.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, February 8th. The conglomerate reported $1.34 earnings per share for the quarter, meeting the consensus estimate of $1.34. ITT had a return on equity of 17.91% and a net margin of 12.50%. The business had revenue of $829.10 million for the quarter, compared to analysts’ expectations of $814.38 million. During the same period last year, the business earned $1.29 EPS. The business’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts forecast that ITT will post 5.79 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. American Century Companies Inc. increased its position in ITT by 10.5% in the first quarter. American Century Companies Inc. now owns 9,253 shares of the conglomerate’s stock worth $696,000 after buying an additional 878 shares in the last quarter. Panagora Asset Management Inc. increased its position in ITT by 9.5% in the first quarter. Panagora Asset Management Inc. now owns 16,808 shares of the conglomerate’s stock worth $1,264,000 after buying an additional 1,462 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of ITT by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,372 shares of the conglomerate’s stock worth $2,359,000 after purchasing an additional 2,992 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of ITT by 3.5% during the first quarter. Great West Life Assurance Co. Can now owns 76,995 shares of the conglomerate’s stock worth $5,949,000 after purchasing an additional 2,592 shares in the last quarter. Finally, Synovus Financial Corp grew its position in shares of ITT by 1.2% during the first quarter. Synovus Financial Corp now owns 17,523 shares of the conglomerate’s stock worth $1,330,000 after purchasing an additional 208 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

About ITT

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.