ITT Inc. (NYSE:ITT) – Stock analysts at KeyCorp issued their Q1 2017 earnings per share (EPS) estimates for shares of ITT in a research note issued to investors on Tuesday. KeyCorp analyst J. Hammond forecasts that the firm will post earnings per share of $0.61 for the quarter. KeyCorp currently has a “Overweight” rating and a $40.00 target price on the stock. KeyCorp also issued estimates for ITT’s Q2 2017 earnings at $0.64 EPS, Q3 2017 earnings at $0.62 EPS, Q4 2017 earnings at $0.53 EPS, FY2017 earnings at $2.40 EPS and FY2018 earnings at $2.85 EPS.

ITT (NYSE:ITT) last issued its quarterly earnings results on Tuesday, February 14th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. ITT had a net margin of 7.93% and a return on equity of 15.41%. The company earned $588 million during the quarter, compared to analysts’ expectations of $551.89 million. During the same period last year, the company posted $0.58 EPS. ITT’s revenue was down 11.8% on a year-over-year basis.

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Earnings History and Estimates for ITT (NYSE:ITT)

Other research analysts have also recently issued research reports about the stock. Barclays PLC reiterated a “buy” rating on shares of ITT in a research report on Monday, November 7th. Stifel Nicolaus boosted their price objective on shares of ITT from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America Corporation upgraded shares of ITT from a “neutral” rating to a “buy” rating in a research report on Monday, January 9th. Aegis started coverage on shares of ITT in a research report on Friday, December 2nd. They set a “buy” rating and a $47.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of ITT from a “sell” rating to a “hold” rating in a research report on Friday, November 18th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $44.88.

ITT (NYSE:ITT) opened at 43.15 on Thursday. The company’s 50-day moving average is $41.21 and its 200-day moving average is $37.69. ITT has a 12 month low of $30.06 and a 12 month high of $44.00. The stock has a market capitalization of $3.81 billion, a PE ratio of 20.88 and a beta of 1.39.

Several hedge funds and other institutional investors have recently bought and sold shares of ITT. Ladenburg Thalmann Financial Services Inc. boosted its position in ITT by 3.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,378 shares of the company’s stock worth $131,000 after buying an additional 120 shares during the last quarter. Tyers Asset Management LLC bought a new position in ITT during the fourth quarter worth approximately $135,000. Advisor Group Inc. boosted its position in ITT by 40.7% in the third quarter. Advisor Group Inc. now owns 3,852 shares of the company’s stock worth $138,000 after buying an additional 1,114 shares during the last quarter. Quantbot Technologies LP bought a new position in ITT during the third quarter worth approximately $159,000. Finally, Elkfork Partners LLC bought a new position in ITT during the fourth quarter worth approximately $185,000. Hedge funds and other institutional investors own 91.15% of the company’s stock.

This article was originally posted by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark laws. The correct version of this article can be read at http://www.dailypolitical.com/2017/02/17/itt-inc-itt-expected-to-post-q1-2017-earnings-of-0-61-per-share.html.

In other news, insider Aris C. Chicles sold 30,570 shares of the company’s stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $41.02, for a total value of $1,253,981.40. Following the transaction, the insider now directly owns 70,470 shares in the company, valued at $2,890,679.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.60% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Monday, March 13th will be issued a $0.128 dividend. The ex-dividend date is Thursday, March 9th. This is a boost from ITT’s previous quarterly dividend of $0.12. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.19%. ITT’s dividend payout ratio is presently 22.94%.

About ITT

ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Company’s product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment, and is a provider of plant optimization, solutions and aftermarket services and parts.

5 Day Chart for NYSE:ITT

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