ITT (ITT) Receives Daily Media Impact Score of -0.35
Media stories about ITT (NYSE:ITT) have been trending negative on Friday, Alpha One Sentiment reports. Alpha One, a division of Accern, identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ITT earned a daily sentiment score of -0.35 on Alpha One’s scale. Alpha One also assigned media stories about the conglomerate an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Alpha One’s rankings:
- $603.4 Million in Sales Expected for ITT Inc. (ITT) This Quarter (americanbankingnews.com)
- UPDATE 1-Arkansas preparing for executions despite halts from courts (feeds.reuters.com)
- Arkansas determined to fight legal challenges to executions (feeds.reuters.com)
- Arkansas Supreme Court stays one execution, state court delays another (feeds.reuters.com)
- Two inmates claiming innocence try to stop Arkansas executions (feeds.reuters.com)
A number of equities analysts have weighed in on ITT shares. TheStreet downgraded ITT from a “b” rating to a “c+” rating in a research report on Tuesday, February 14th. Oppenheimer Holdings Inc. raised ITT from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research report on Thursday, February 16th. CIBC raised ITT from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 16th. Stifel Nicolaus boosted their price target on ITT from $45.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, February 15th. Finally, Barclays PLC reissued a “buy” rating and set a $49.00 price target on shares of ITT in a research report on Wednesday, January 18th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $45.57.
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Shares of ITT (NYSE:ITT) opened at 39.96 on Friday. ITT has a one year low of $30.06 and a one year high of $44.00. The stock’s 50 day moving average price is $40.09 and its 200-day moving average price is $39.40. The company has a market cap of $3.53 billion, a PE ratio of 19.33 and a beta of 1.39.
ITT (NYSE:ITT) last released its quarterly earnings data on Tuesday, February 14th. The conglomerate reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. ITT had a net margin of 7.93% and a return on equity of 15.41%. The business earned $588 million during the quarter, compared to analyst estimates of $551.89 million. During the same period in the previous year, the business earned $0.58 EPS. ITT’s revenue was down 11.8% compared to the same quarter last year. On average, analysts expect that ITT will post $2.38 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 3rd. Investors of record on Monday, March 13th were paid a $0.128 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 1.28%. This is a positive change from ITT’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, March 9th. ITT’s payout ratio is currently 22.94%.
In related news, insider Denise L. Ramos sold 75,000 shares of ITT stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $41.00, for a total value of $3,075,000.00. Following the completion of the transaction, the insider now directly owns 258,032 shares in the company, valued at approximately $10,579,312. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Aris C. Chicles sold 28,089 shares of ITT stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $41.00, for a total transaction of $1,151,649.00. Following the completion of the transaction, the insider now owns 10,430 shares of the company’s stock, valued at $427,630. The disclosure for this sale can be found here. Insiders sold a total of 176,739 shares of company stock valued at $7,318,431 over the last quarter. 1.60% of the stock is owned by company insiders.
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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.
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