ITT Inc. (NYSE:ITT)‘s stock had its “buy” rating reissued by equities researchers at Stifel Nicolaus in a report released on Wednesday. They presently have a $49.00 price target on the conglomerate’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 21.38% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded ITT from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Tuesday, July 18th. BidaskClub upgraded ITT from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. ValuEngine upgraded ITT from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Goldman Sachs Group, Inc. (The) lowered 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.29.

Shares of ITT (NYSE ITT) traded up 0.07% during trading on Wednesday, hitting $40.37. The stock had a trading volume of 287,043 shares. ITT has a one year low of $32.46 and a one year high of $44.00. The stock has a 50 day moving average price of $40.92 and a 200-day moving average price of $40.52. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 17.29 and a beta of 1.47.

ITT (NYSE:ITT) last issued its quarterly earnings data on Friday, August 4th. The conglomerate reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $630.90 million for the quarter, compared to analyst estimates of $628.65 million. ITT had a return on equity of 14.17% and a net margin of 8.64%. ITT’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. On average, equities research analysts predict that ITT will post $2.45 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in ITT. World Asset Management Inc increased its position in shares of ITT by 0.3% in the first quarter. World Asset Management Inc now owns 5,487 shares of the conglomerate’s stock valued at $225,000 after buying an additional 19 shares during the last quarter. United Capital Financial Advisers LLC increased its position in shares of ITT by 0.6% in the first quarter. United Capital Financial Advisers LLC now owns 6,600 shares of the conglomerate’s stock valued at $271,000 after buying an additional 42 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of ITT by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,940 shares of the conglomerate’s stock valued at $520,000 after buying an additional 56 shares during the last quarter. Baker Ellis Asset Management LLC increased its position in shares of ITT by 0.5% in the first quarter. Baker Ellis Asset Management LLC now owns 25,349 shares of the conglomerate’s stock valued at $1,040,000 after buying an additional 125 shares during the last quarter. Finally, Stephens Inc. AR increased its position in shares of ITT by 2.4% in the second quarter. Stephens Inc. AR now owns 5,532 shares of the conglomerate’s stock valued at $222,000 after buying an additional 130 shares during the last quarter. 95.19% of the stock is currently owned by hedge funds and other 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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