ITT Inc. (ITT) Given Consensus Rating of “Buy” by Brokerages

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.

In other news, insider Denise L. Ramos sold 161,100 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $50.14, for a total transaction of $8,077,554.00. Following the sale, the insider now owns 283,032 shares of the company’s stock, valued at approximately $14,191,224.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas M. Scalera sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $50.98, for a total value of $254,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 171,960 shares of company stock worth $8,630,962 in the last three months. Corporate insiders own 1.20% of the company’s stock.

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.

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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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