ITT (NYSE:ITT) Stock Rating Upgraded by StockNews.com

ITT (NYSE:ITT) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

A number of other research analysts also recently issued reports on the company. Wolfe Research assumed coverage on ITT in a research note on Wednesday, December 11th. They set a “peer perform” rating for the company. TD Cowen upped their price target on shares of ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Citigroup decreased their price objective on shares of ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Stifel Nicolaus dropped their target price on shares of ITT from $180.00 to $179.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, KeyCorp raised their price target on ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $167.13.

ITT Trading Up 0.5 %

Shares of ITT stock opened at $147.27 on Tuesday. ITT has a 1-year low of $118.58 and a 1-year high of $161.13. The company’s fifty day simple moving average is $149.00 and its 200-day simple moving average is $144.40. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.09. The stock has a market capitalization of $12.00 billion, a PE ratio of 25.13, a P/E/G ratio of 1.84 and a beta of 1.41.

ITT (NYSE:ITT) last released its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.03. ITT had a return on equity of 17.98% and a net margin of 13.67%. The company had revenue of $885.20 million for the quarter, compared to the consensus estimate of $884.50 million. During the same period in the previous year, the business earned $1.37 earnings per share. ITT’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts anticipate that ITT will post 5.84 earnings per share for the current year.

Institutional Investors Weigh In On ITT

Large investors have recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in ITT during the 3rd quarter valued at approximately $26,000. Resources Management Corp CT ADV bought a new position in shares of ITT during the 3rd quarter valued at approximately $30,000. ORG Wealth Partners LLC purchased a new position in shares of ITT in the fourth quarter valued at $30,000. UMB Bank n.a. increased its position in ITT by 315.8% in the third quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 180 shares during the last quarter. Finally, Quent Capital LLC raised its stake in ITT by 53.9% during the third quarter. Quent Capital LLC now owns 294 shares of the conglomerate’s stock valued at $44,000 after purchasing an additional 103 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

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.