ITT (NYSE:ITT) PT Raised to $150.00

ITT (NYSE:ITT) had its target price increased by equities research analysts at KeyCorp from $136.00 to $150.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the conglomerate’s stock. KeyCorp’s price objective suggests a potential upside of 16.51% from the stock’s current price.

Several other equities analysts have also weighed in on ITT. DA Davidson lifted their target price on shares of ITT from $140.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, March 26th. Citigroup boosted their price target on shares of ITT from $139.00 to $157.00 and gave the stock a “buy” rating in a report on Monday, April 8th. StockNews.com lowered shares of ITT from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 6th. Finally, Stifel Nicolaus boosted their price target on shares of ITT from $122.00 to $131.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $132.86.

ITT Trading Down 1.6 %

Shares of NYSE ITT opened at $128.74 on Thursday. ITT has a 12 month low of $75.82 and a 12 month high of $138.29. The company has a 50 day simple moving average of $128.06 and a two-hundred day simple moving average of $115.39. The stock has a market cap of $10.59 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.79 and a beta of 1.43.

ITT (NYSE:ITT) last posted its earnings results on Thursday, February 8th. The conglomerate reported $1.34 earnings per share for the quarter, meeting the consensus estimate of $1.34. The firm had revenue of $829.10 million during the quarter, compared to analyst estimates of $814.38 million. ITT had a net margin of 12.50% and a return on equity of 17.91%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 EPS. Analysts forecast that ITT will post 5.79 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ITT. Signaturefd LLC lifted its position in ITT by 8.2% in the fourth quarter. Signaturefd LLC now owns 1,150 shares of the conglomerate’s stock valued at $137,000 after buying an additional 87 shares during the last quarter. State of Michigan Retirement System lifted its position in ITT by 0.5% in the fourth quarter. State of Michigan Retirement System now owns 19,729 shares of the conglomerate’s stock valued at $2,354,000 after buying an additional 100 shares during the last quarter. Kestra Advisory Services LLC lifted its position in ITT by 3.8% in the fourth quarter. Kestra Advisory Services LLC now owns 2,821 shares of the conglomerate’s stock valued at $337,000 after buying an additional 103 shares during the last quarter. Round Rock Advisors LLC lifted its position in ITT by 0.5% in the fourth quarter. Round Rock Advisors LLC now owns 20,183 shares of the conglomerate’s stock valued at $2,408,000 after buying an additional 104 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in ITT by 3.9% in the second quarter. Franklin Resources Inc. now owns 2,766 shares of the conglomerate’s stock valued at $258,000 after buying an additional 105 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Company Profile

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.