ITT Inc. (ITT) Given Average Rating of “Buy” by Analysts

ITT Inc. (NYSE:ITT) has received a consensus rating of “Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $48.22.

Several equities research analysts have recently weighed in on the company. Robert W. Baird reissued a “buy” rating and issued a $51.00 price target on shares of ITT in a research note on Wednesday, October 4th. Deutsche Bank AG raised ITT from a “hold” rating to a “buy” rating and raised their target price for the stock from $46.00 to $55.00 in a research note on Monday. Cowen and Company reaffirmed a “buy” rating and set a $50.00 target price on shares of ITT in a research note on Thursday, September 21st. Zacks Investment Research raised ITT from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Friday, July 28th. Finally, ValuEngine cut ITT from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.

In other news, insider Mary Elizabeth Gustafsson sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $42.90, for a total value of $214,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.20% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Pinnacle Financial Partners Inc. purchased a new stake in shares of ITT during the second quarter valued at approximately $105,000. Riverhead Capital Management LLC increased its position in shares of ITT by 57.0% during the second 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of ITT by 10.6% during the second 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 during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of ITT during the first quarter valued at approximately $214,000. Finally, Stephens Inc. AR purchased a new stake in shares of ITT during the first quarter valued at approximately $222,000. Institutional investors own 92.58% of the company’s stock.

WARNING: This piece of content was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/09/itt-inc-itt-given-average-rating-of-buy-by-analysts.html.

Shares of ITT (NYSE:ITT) traded up 1.53% during mid-day trading on Wednesday, reaching $45.75. The company had a trading volume of 1,050,331 shares. ITT has a 52-week low of $32.46 and a 52-week high of $46.76. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 19.59 and a beta of 1.48. The firm’s 50-day moving average price is $41.88 and its 200 day moving average price is $40.65.

ITT (NYSE:ITT) last issued its quarterly earnings results on Friday, August 4th. The conglomerate reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.02. The company had revenue of $630.90 million during the quarter, compared to analysts’ expectations of $628.65 million. ITT had a return on equity of 14.17% and a net margin of 8.64%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share. Equities analysts expect that ITT will post $2.46 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 11th were issued a $0.128 dividend. The ex-dividend date of this d

Several equities research analysts have recently weighed in on the company. Robert W. Baird reissued a “buy” rating and issued a $51.00 price target on shares of ITT in a research note on Wednesday, October 4th. Deutsche Bank AG raised ITT from a “hold” rating to a “buy” rating and raised their target price for the stock from $46.00 to $55.00 in a research note on Monday. Cowen and Company reaffirmed a “buy” rating and set a $50.00 target price on shares of ITT in a research note on Thursday, September 21st. Zacks Investment Research raised ITT from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Friday, July 28th. Finally, ValuEngine cut ITT from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.

In other news, insider Mary Elizabeth Gustafsson sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $42.90, for a total value of $214,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.20% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Pinnacle Financial Partners Inc. purchased a new stake in shares of ITT during the second quarter valued at approximately $105,000. Riverhead Capital Management LLC increased its position in shares of ITT by 57.0% during the second 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of ITT by 10.6% during the second 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 during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of ITT during the first quarter valued at approximately $214,000. Finally, Stephens Inc. AR purchased a new stake in shares of ITT during the first quarter valued at approximately $222,000. Institutional investors own 92.58% of the company’s stock.

WARNING: This piece of content was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/09/itt-inc-itt-given-average-rating-of-buy-by-analysts.html.

Shares of ITT (NYSE:ITT) traded up 1.53% during mid-day trading on Wednesday, reaching $45.75. The company had a trading volume of 1,050,331 shares. ITT has a 52-week low of $32.46 and a 52-week high of $46.76. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 19.59 and a beta of 1.48. The firm’s 50-day moving average price is $41.88 and its 200 day moving average price is $40.65.

ITT (NYSE:ITT) last issued its quarterly earnings results on Friday, August 4th. The conglomerate reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.02. The company had revenue of $630.90 million during the quarter, compared to analysts’ expectations of $628.65 million. ITT had a return on equity of 14.17% and a net margin of 8.64%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share. Equities analysts expect that ITT will post $2.46 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 11th were issued a $0.128 dividend. The ex-dividend date of this dividend was Friday, September 8th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.12%. ITT’s dividend payout ratio is presently 21.70%.

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)

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