ITT Inc. (NYSE:ITT)‘s stock had its “buy” rating restated by research analysts at KeyCorp in a report issued on Friday. KeyCorp also issued estimates for ITT’s Q4 2017 earnings at $0.58 EPS, FY2017 earnings at $2.53 EPS and FY2018 earnings at $2.85 EPS.

Several other equities research analysts also recently issued reports on the company. Robert W. Baird reaffirmed an “outperform” rating and set a $60.00 price target (up previously from $51.00) on shares of ITT in a report on Thursday. Zacks Investment Research raised ITT from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Thursday, October 12th. Deutsche Bank AG raised ITT from a “hold” rating to a “buy” rating and raised their price target for the company from $46.00 to $55.00 in a report on Monday, October 9th. Cowen and Company reaffirmed a “buy” rating and set a $50.00 price target on shares of ITT in a report on Thursday, September 21st. Finally, ValuEngine downgraded ITT from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. ITT has an average rating of “Buy” and a consensus price target of $49.40.

ITT (ITT) traded up $4.52 during midday trading on Friday, hitting $51.32. The stock had a trading volume of 1,219,571 shares, compared to its average volume of 701,991. The firm has a market cap of $4.53 billion, a P/E ratio of 21.19, a PEG ratio of 1.37 and a beta of 1.53. ITT has a 12 month low of $32.46 and a 12 month high of $53.00.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.66 EPS for the quarter, beating the consensus estimate of $0.61 by $0.05. ITT had a return on equity of 14.12% and a net margin of 8.29%. The company had revenue of $645.00 million during the quarter, compared to the consensus estimate of $605.06 million. During the same quarter in the prior year, the firm posted $0.58 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. analysts expect that ITT will post 2.51 EPS for the current fiscal year.

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In other ITT news, insider Mary Elizabeth Gustafsson sold 5,000 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $42.90, for a total transaction of $214,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of ITT. BlackRock Inc. increased its position in ITT by 10,370.9% during the 1st quarter. BlackRock Inc. now owns 7,282,231 shares of the conglomerate’s stock worth $298,717,000 after buying an additional 7,212,684 shares during the period. Janus Henderson Group PLC bought a new position in ITT during the 2nd quarter worth $122,628,000. Wedge Capital Management L L P NC bought a new position in ITT during the 2nd quarter worth $27,785,000. LSV Asset Management increased its position in ITT by 57.1% during the 2nd quarter. LSV Asset Management now owns 1,614,577 shares of the conglomerate’s stock worth $64,873,000 after buying an additional 587,000 shares during the period. Finally, Channing Capital Management LLC increased its position in ITT by 271.6% during the 2nd quarter. Channing Capital Management LLC now owns 564,125 shares of the conglomerate’s stock worth $22,667,000 after buying an additional 412,332 shares during the period. Hedge funds and other institutional investors own 92.77% of the company’s stock.

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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