ITT Corp SVP Robert Pagano Jr Sells 29,885 Shares (ITT)
ITT Corp (NYSE:ITT) SVP Robert Pagano, Jr. sold 29,885 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $35.12, for a total value of $1,049,561.20. Following the completion of the sale, the senior vice president now directly owns 65,603 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
ITT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of ITT Corp (NYSE:ITT) in a research note to investors on Thursday, August 22nd. They now have a $35.00 price target on the stock. Analysts at FBR Capital Markets upgraded shares of ITT Corp (NYSE:ITT) from an “underperform” rating to a “market perform” rating in a research note to investors on Friday, August 2nd. They now have a $32.00 price target on the stock, up previously from $18.50.
Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $30.67.
Shares of ITT Corp (NYSE:ITT) traded up 0.54% on Friday, hitting $35.19. The stock had a trading volume of 414,883 shares. ITT Corp has a one year low of $19.79 and a one year high of $35.52. The stock has a 50-day moving average of $33.54 and a 200-day moving average of $30.05. The company has a market cap of $3.178 billion and a P/E ratio of 21.47.
ITT Corp (NYSE:ITT) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.06. The company had revenue of $609.00 million for the quarter, compared to the consensus estimate of $599.47 million. During the same quarter last year, the company posted $0.50 earnings per share. ITT Corp’s revenue was up 9.2% compared to the same quarter last year. Analysts expect that ITT Corp will post $1.94 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 1st. Stockholders of record on Friday, August 30th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Wednesday, August 28th.
ITT Corporation (NYSE:ITT) is a diversified manufacturer of engineered critical components and customized technology solutions for industrial markets.
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