ITT Inc. (ITT) Upgraded by Deutsche Bank AG to “Buy”

ITT Inc. (NYSE:ITT) was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a report released on Monday.

Several other brokerages also recently weighed in on ITT. Robert W. Baird reaffirmed a “buy” rating and set a $51.00 target price on shares of ITT in a research note on Wednesday, October 4th. 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. BidaskClub downgraded ITT from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Zacks Investment Research downgraded ITT from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, ValuEngine raised ITT from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. ITT currently has a consensus rating of “Buy” and an average price target of $47.22.

ITT (NYSE:ITT) traded up 1.86% on Monday, reaching $45.90. The company’s stock had a trading volume of 345,493 shares. The firm has a market capitalization of $4.04 billion, a P/E ratio of 19.66 and a beta of 1.48. ITT has a 52-week low of $32.46 and a 52-week high of $46.76. The firm has a 50-day moving average price of $41.88 and a 200 day moving average price of $40.65.

ITT (NYSE:ITT) last announced its 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 firm had revenue of $630.90 million for the quarter, compared to the consensus estimate of $628.65 million. ITT had a return on equity of 14.17% and a net margin of 8.64%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 EPS. Equities analysts anticipate that ITT will post $2.46 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “ITT Inc. (ITT) Upgraded by Deutsche Bank AG to “Buy”” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/09/itt-inc-itt-upgraded-by-deutsche-bank-ag-to-buy.html.

In other news, insider Mary Elizabeth Gustafsson sold 5,000 shares of the business’s stock in a transaction 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 filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Pinnacle Financial Partners Inc. bought a new stake in shares of ITT in the 2nd quarter worth $105,000. Riverhead Capital Management LLC raised its stake in shares of ITT by 57.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,918 shares of the conglomerate’s stock worth $117,000 after buying an additional 1,059 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of ITT by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,280 shares of the conglomerate’s stock worth $132,000 after buying an additional 314 shares in the

Several other brokerages also recently weighed in on ITT. Robert W. Baird reaffirmed a “buy” rating and set a $51.00 target price on shares of ITT in a research note on Wednesday, October 4th. 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. BidaskClub downgraded ITT from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Zacks Investment Research downgraded ITT from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, ValuEngine raised ITT from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. ITT currently has a consensus rating of “Buy” and an average price target of $47.22.

ITT (NYSE:ITT) traded up 1.86% on Monday, reaching $45.90. The company’s stock had a trading volume of 345,493 shares. The firm has a market capitalization of $4.04 billion, a P/E ratio of 19.66 and a beta of 1.48. ITT has a 52-week low of $32.46 and a 52-week high of $46.76. The firm has a 50-day moving average price of $41.88 and a 200 day moving average price of $40.65.

ITT (NYSE:ITT) last announced its 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 firm had revenue of $630.90 million for the quarter, compared to the consensus estimate of $628.65 million. ITT had a return on equity of 14.17% and a net margin of 8.64%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 EPS. Equities analysts anticipate that ITT will post $2.46 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “ITT Inc. (ITT) Upgraded by Deutsche Bank AG to “Buy”” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/09/itt-inc-itt-upgraded-by-deutsche-bank-ag-to-buy.html.

In other news, insider Mary Elizabeth Gustafsson sold 5,000 shares of the business’s stock in a transaction 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 filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Pinnacle Financial Partners Inc. bought a new stake in shares of ITT in the 2nd quarter worth $105,000. Riverhead Capital Management LLC raised its stake in shares of ITT by 57.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,918 shares of the conglomerate’s stock worth $117,000 after buying an additional 1,059 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of ITT by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,280 shares of the conglomerate’s stock worth $132,000 after buying an additional 314 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of ITT in the 1st quarter worth $214,000. Finally, Stephens Inc. AR bought a new stake in shares of ITT in the 1st quarter worth $222,000. 92.58% of the stock is currently owned by institutional investors.

ITT Company Profile

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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