ITT Corp SVP Sells $736,261 in Stock (ITT)
ITT Corp (NYSE:ITT) SVP Robert Pagano, Jr. sold 21,018 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $35.03, for a total value of $736,260.54. Following the transaction, 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.
A number of analysts have recently weighed in on ITT shares. 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. ITT Corp has a consensus rating of “Hold” and an average target price of $30.67.
Shares of ITT Corp (NYSE:ITT) traded up 0.51% during mid-day trading on Monday, hitting $35.34. 556,164 shares of the company’s stock traded hands. ITT Corp has a 52 week low of $19.79 and a 52 week high of $35.52. The stock’s 50-day moving average is $33.65 and its 200-day moving average is $30.12. The company has a market cap of $3.191 billion and a P/E ratio of 21.57.
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 in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Analysts expect that ITT Corp will post $1.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 1st. Stockholders of record on Friday, August 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend 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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