ITT Inc. (NYSE:ITT) – Stock analysts at KeyCorp lowered their Q3 2017 earnings per share (EPS) estimates for shares of ITT in a research note issued to investors on Sunday. KeyCorp analyst J. Hammond now forecasts that the conglomerate will post earnings per share of $0.60 for the quarter, down from their previous estimate of $0.61. KeyCorp also issued estimates for ITT’s FY2017 earnings at $2.45 EPS.

ITT (NYSE:ITT) last issued its earnings results on Friday, August 4th. The conglomerate reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. ITT had a net margin of 8.64% and a return on equity of 14.17%. The business had revenue of $630.90 million during the quarter, compared to the consensus estimate of $628.65 million. During the same period last year, the business posted $0.67 EPS. ITT’s revenue was up .8% on a year-over-year basis.

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A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of ITT from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub downgraded shares of ITT from a “hold” rating to a “sell” rating in a research report on Saturday. Stifel Nicolaus upped their price objective on shares of ITT from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Goldman Sachs Group, Inc. (The) downgraded shares of ITT from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $46.00 to $43.00 in a research report on Tuesday, June 6th. Finally, ValuEngine raised shares of ITT from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. ITT presently has a consensus rating of “Buy” and a consensus target price of $46.57.

Shares of ITT (NYSE ITT) opened at 41.41 on Tuesday. ITT has a 52 week low of $32.45 and a 52 week high of $44.00. The firm has a market capitalization of $3.67 billion, a P/E ratio of 19.08 and a beta of 1.47. The company has a 50-day moving average of $40.52 and a 200 day moving average of $40.59.

A number of large investors have recently modified their holdings of the company. Prudential Financial Inc. boosted its position in ITT by 273.4% in the second quarter. Prudential Financial Inc. now owns 203,051 shares of the conglomerate’s stock worth $8,159,000 after buying an additional 148,668 shares during the last quarter. Twin Capital Management Inc. boosted its position in ITT by 9.5% in the second quarter. Twin Capital Management Inc. now owns 72,150 shares of the conglomerate’s stock worth $2,899,000 after buying an additional 6,250 shares during the last quarter. Federated Investors Inc. PA boosted its position in ITT by 27.2% in the second quarter. Federated Investors Inc. PA now owns 45,280 shares of the conglomerate’s stock worth $1,819,000 after buying an additional 9,672 shares during the last quarter. Marshall Wace North America L.P. boosted its position in ITT by 3,372.0% in the second quarter. Marshall Wace North America L.P. now owns 217,385 shares of the conglomerate’s stock worth $8,696,000 after buying an additional 211,124 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in ITT by 71.2% in the second quarter. BNP Paribas Arbitrage SA now owns 33,582 shares of the conglomerate’s stock worth $1,349,000 after buying an additional 13,966 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for ITT (NYSE:ITT)

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