ITT (NYSE:ITT) PT Raised to $164.00

ITT (NYSE:ITT) had its price target boosted by KeyCorp from $155.00 to $164.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the conglomerate’s stock. KeyCorp’s target price points to a potential upside of 8.43% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. Stifel Nicolaus lifted their price target on shares of ITT from $150.00 to $157.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. TD Cowen upped their price objective on shares of ITT from $125.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 15th. Finally, The Goldman Sachs Group increased their price target on shares of ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $154.00.

ITT Price Performance

ITT stock opened at $151.25 on Monday. The firm’s 50-day moving average price is $139.99 and its two-hundred day moving average price is $134.97. ITT has a 12-month low of $91.94 and a 12-month high of $153.99. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 2.01 and a beta of 1.40. The company has a current ratio of 1.55, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07.

ITT (NYSE:ITT) last announced its earnings results on Thursday, August 1st. The conglomerate reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. ITT had a net margin of 12.47% and a return on equity of 18.30%. The business had revenue of $905.90 million during the quarter, compared to the consensus estimate of $916.38 million. During the same quarter last year, the firm earned $1.33 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts predict that ITT will post 5.84 earnings per share for the current year.

Institutional Trading of ITT

Institutional investors and hedge funds have recently bought and sold shares of the business. Eagle Bluffs Wealth Management LLC increased its position in ITT by 0.4% in the second quarter. Eagle Bluffs Wealth Management LLC now owns 18,973 shares of the conglomerate’s stock worth $2,457,000 after buying an additional 82 shares during the period. AE Wealth Management LLC lifted its stake in shares of ITT by 5.9% in the 2nd quarter. AE Wealth Management LLC now owns 1,802 shares of the conglomerate’s stock valued at $233,000 after purchasing an additional 100 shares during the last quarter. Quent Capital LLC lifted its position in ITT by 53.9% during the 3rd quarter. Quent Capital LLC now owns 294 shares of the conglomerate’s stock worth $44,000 after acquiring an additional 103 shares during the last quarter. HBK Sorce Advisory LLC raised its position in shares of ITT by 4.7% during the first quarter. HBK Sorce Advisory LLC now owns 2,306 shares of the conglomerate’s stock valued at $314,000 after buying an additional 104 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in ITT by 38.7% in the second quarter. Blue Trust Inc. now owns 423 shares of the conglomerate’s stock valued at $58,000 after acquiring an additional 118 shares during the period. 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.