ITT (NYSE:ITT) had its target price hoisted by UBS Group from $57.00 to $60.00 in a research report sent to investors on Thursday morning, 247wallst.com reports. They currently have a sell rating on the conglomerate’s stock.

Several other research firms also recently commented on ITT. Seaport Global Securities reissued a buy rating and issued a $69.00 target price on shares of ITT in a report on Tuesday, August 7th. Zacks Investment Research raised shares of ITT from a hold rating to a buy rating and set a $70.00 target price on the stock in a report on Wednesday, August 8th. KeyCorp boosted their target price on shares of ITT from $65.00 to $68.00 and gave the stock an overweight rating in a report on Monday, August 6th. DA Davidson set a $70.00 target price on shares of ITT and gave the stock a buy rating in a report on Monday, August 6th. Finally, Stifel Nicolaus boosted their target price on shares of ITT from $59.00 to $68.00 and gave the stock a buy rating in a report on Monday, August 6th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $63.90.

Shares of ITT stock traded up $0.11 during mid-day trading on Thursday, hitting $59.29. The company had a trading volume of 7,490 shares, compared to its average volume of 669,923. ITT has a 52-week low of $38.99 and a 52-week high of $63.04. The company has a market capitalization of $5.26 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 1.56 and a beta of 1.58.

ITT (NYSE:ITT) last released its earnings results on Friday, August 3rd. The conglomerate reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. ITT had a net margin of 7.02% and a return on equity of 15.40%. The firm had revenue of $696.80 million for the quarter, compared to the consensus estimate of $685.80 million. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. equities analysts expect that ITT will post 3.14 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 10th will be paid a dividend of $0.134 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Friday, September 7th. ITT’s payout ratio is 20.85%.

Institutional investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in ITT during the second quarter valued at $211,000. Quantitative Systematic Strategies LLC purchased a new stake in ITT during the second quarter valued at $224,000. DekaBank Deutsche Girozentrale purchased a new stake in ITT during the first quarter valued at $254,000. Signition LP purchased a new stake in ITT during the first quarter valued at $255,000. Finally, Gifford Fong Associates purchased a new stake in ITT during the second quarter valued at $261,000. 91.04% of the stock is currently owned by institutional investors.

ITT Company Profile

ITT Inc manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company operates in three segments: Industrial Process, Motion Technologies, and Connect & Control Technologies. The Industrial Process segment designs and manufactures industrial pumps, valves, and plant optimization systems; and centrifugal pumps, vertical centrifugal pumps, twin screw and positive displacement pumps, and water systems, as well as aftermarket solutions, such as repairs and upgrades services.

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Analyst Recommendations for ITT (NYSE:ITT)

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