ITT (NYSE:ITT) PT Raised to $158.00

ITT (NYSE:ITT) had its price target hoisted by equities researchers at UBS Group from $135.00 to $158.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the conglomerate’s stock. UBS Group’s price target suggests a potential upside of 15.05% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. DA Davidson increased their price target on ITT from $140.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, March 26th. StockNews.com cut shares of ITT from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 6th. Stifel Nicolaus upped their price objective on ITT from $141.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Citigroup boosted their price target on ITT from $139.00 to $157.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, KeyCorp lifted their price objective on shares of ITT from $136.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $138.38.

ITT Trading Down 0.4 %

NYSE:ITT traded down $0.52 during trading hours on Wednesday, hitting $137.33. The company had a trading volume of 67,622 shares, compared to its average volume of 377,592. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.08. ITT has a 52 week low of $75.82 and a 52 week high of $139.19. The stock has a 50-day moving average price of $130.20 and a 200 day moving average price of $119.60. The company has a market capitalization of $11.30 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 1.76 and a beta of 1.43.

ITT (NYSE:ITT) last issued its quarterly earnings results on Thursday, May 2nd. The conglomerate reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.06. The firm had revenue of $910.60 million for the quarter, compared to analysts’ expectations of $883.21 million. ITT had a return on equity of 18.21% and a net margin of 12.41%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. On average, equities research analysts predict that ITT will post 5.8 EPS for the current fiscal year.

Institutional Investors Weigh In On ITT

Several large investors have recently modified their holdings of ITT. Cambridge Investment Research Advisors Inc. boosted its position in ITT by 6.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,815 shares of the conglomerate’s stock valued at $374,000 after acquiring an additional 216 shares in the last quarter. Mackenzie Financial Corp lifted its position in ITT by 17.4% during the 3rd quarter. Mackenzie Financial Corp now owns 5,863 shares of the conglomerate’s stock worth $562,000 after acquiring an additional 867 shares during the period. Strs Ohio lifted its position in ITT by 4.5% during the third quarter. Strs Ohio now owns 19,986 shares of the conglomerate’s stock valued at $1,956,000 after purchasing an additional 864 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in ITT by 3.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 111,558 shares of the conglomerate’s stock worth $10,923,000 after acquiring an additional 4,035 shares during the period. Finally, Chicago Partners Investment Group LLC acquired a new stake in ITT during the third quarter valued at $626,000. Institutional investors 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.