ITT (NYSE:ITT) PT Raised to $155.00

ITT (NYSE:ITTGet Free Report) had its price objective increased by stock analysts at DA Davidson from $140.00 to $155.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the conglomerate’s stock. DA Davidson’s price target suggests a potential upside of 13.26% from the company’s current price.

ITT has been the topic of a number of other reports. Citigroup boosted their target price on shares of ITT from $122.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Stifel Nicolaus lifted their target price on shares of ITT from $122.00 to $131.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, StockNews.com downgraded shares of ITT from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 6th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $124.57.

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ITT Trading Down 0.2 %

ITT stock opened at $136.85 on Tuesday. ITT has a 52 week low of $75.82 and a 52 week high of $138.29. The company has a market capitalization of $11.24 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 1.84 and a beta of 1.42. The firm’s 50-day moving average is $125.45 and its two-hundred day moving average is $112.68.

ITT (NYSE:ITTGet Free Report) last released its earnings results on Thursday, February 8th. The conglomerate reported $1.34 EPS for the quarter, hitting analysts’ consensus estimates of $1.34. ITT had a net margin of 12.50% and a return on equity of 17.91%. The business had revenue of $829.10 million for the quarter, compared to the consensus estimate of $814.38 million. During the same period in the previous year, the firm earned $1.29 EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts predict that ITT will post 5.76 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC grew its position in ITT by 8.2% during the fourth quarter. Signaturefd LLC now owns 1,150 shares of the conglomerate’s stock valued at $137,000 after purchasing an additional 87 shares in the last quarter. State of Michigan Retirement System grew its position in ITT by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 19,729 shares of the conglomerate’s stock valued at $2,354,000 after purchasing an additional 100 shares in the last quarter. Kestra Advisory Services LLC grew its position in ITT by 3.8% during the fourth quarter. Kestra Advisory Services LLC now owns 2,821 shares of the conglomerate’s stock valued at $337,000 after purchasing an additional 103 shares in the last quarter. Round Rock Advisors LLC grew 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 worth $2,408,000 after acquiring an additional 104 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in ITT by 3.9% in the second quarter. Franklin Resources Inc. now owns 2,766 shares of the conglomerate’s stock worth $258,000 after acquiring an additional 105 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

About ITT

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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.

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