Shares of ITT Inc. (NYSE:ITT) have received a consensus rating of “Buy” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $55.14.
ITT has been the topic of a number of analyst reports. Deutsche Bank raised ITT from a “hold” rating to a “buy” rating and increased their price target for the company from $46.00 to $55.00 in a research report on Monday, October 9th. Zacks Investment Research raised ITT from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Thursday, October 12th. Robert W. Baird reaffirmed an “outperform” rating and issued a $60.00 price target (up previously from $51.00) on shares of ITT in a research report on Thursday, November 2nd. KeyCorp reissued a “buy” rating on shares of ITT in a research report on Friday, November 3rd. Finally, Seaport Global Securities reissued a “buy” rating on shares of ITT in a research report on Monday, November 6th.
ITT (NYSE ITT) traded up $0.04 during mid-day trading on Tuesday, reaching $52.53. The company’s stock had a trading volume of 625,470 shares, compared to its average volume of 615,743. The firm has a market cap of $4,855.84, a price-to-earnings ratio of 22.55, a P/E/G ratio of 1.45 and a beta of 1.54. ITT has a 52 week low of $36.93 and a 52 week high of $57.62.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in ITT by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 8,014,284 shares of the conglomerate’s stock worth $322,014,000 after buying an additional 74,138 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of ITT by 2.7% in the third quarter. Janus Henderson Group PLC now owns 3,132,953 shares of the conglomerate’s stock valued at $138,696,000 after buying an additional 80,975 shares in the last quarter. FMR LLC boosted its stake in shares of ITT by 12.7% in the second quarter. FMR LLC now owns 2,844,070 shares of the conglomerate’s stock valued at $114,274,000 after buying an additional 319,880 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of ITT by 18.5% in the third quarter. Macquarie Group Ltd. now owns 2,615,074 shares of the conglomerate’s stock valued at $115,769,000 after buying an additional 407,746 shares in the last quarter. Finally, State Street Corp raised its holdings in ITT by 1.2% during the second quarter. State Street Corp now owns 2,331,009 shares of the conglomerate’s stock worth $93,659,000 after purchasing an additional 26,802 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.americanbankingnews.com/2018/02/06/itt-inc-itt-given-consensus-rating-of-buy-by-brokerages.html.
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.
Receive News & Ratings for ITT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITT and related companies with MarketBeat.com's FREE daily email newsletter.