ITT Inc. (NYSE:ITT) – Equities research analysts at Oppenheimer Holdings issued their Q1 2017 earnings estimates for ITT in a report issued on Thursday. Oppenheimer Holdings analyst J. Giannakouros expects that the firm will post earnings per share of $0.59 for the quarter. Oppenheimer Holdings currently has a “Outperform” rating and a $50.00 target price on the stock. Oppenheimer Holdings also issued estimates for ITT’s Q2 2017 earnings at $0.64 EPS, Q3 2017 earnings at $0.61 EPS, Q4 2017 earnings at $0.51 EPS and FY2017 earnings at $2.35 EPS.

Several other brokerages also recently weighed in on ITT. CIBC raised ITT from a “market perform” rating to an “outperform” rating in a report on Thursday. Aegis began coverage on ITT in a report on Friday, December 2nd. They issued a “buy” rating and a $47.00 price target for the company. Stifel Nicolaus raised their price target on ITT from $45.00 to $49.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays PLC reissued a “buy” rating and issued a $49.00 price target on shares of ITT in a report on Wednesday, January 18th. Finally, Bank of America Corporation raised ITT from a “neutral” rating to a “buy” rating in a report on Monday, January 9th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. ITT has a consensus rating of “Buy” and a consensus target price of $44.88.

Earnings History and Estimates for ITT (NYSE:ITT)

“ITT Inc. to Post Q1 2017 Earnings of $0.59 Per Share, Oppenheimer Holdings Forecasts (ITT)” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this article on another publication, it was illegally copied and republished in violation of United States & international copyright legislation. The correct version of this article can be viewed at http://www.dailypolitical.com/2017/02/17/itt-inc-to-post-q1-2017-earnings-of-0-59-per-share-oppenheimer-holdings-forecasts-itt.html.

Shares of ITT (NYSE:ITT) opened at 43.15 on Friday. 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 price-to-earnings ratio of 20.88 and a beta of 1.39. The company has a 50-day moving average of $41.21 and a 200 day moving average of $37.69.

ITT (NYSE:ITT) last released its earnings results on Tuesday, February 14th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.06. The company earned $588 million during the quarter, compared to analyst estimates of $551.89 million. ITT had a net margin of 7.93% and a return on equity of 15.41%. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS.

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

In related news, insider Aris C. Chicles sold 30,570 shares of ITT stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $41.02, for a total transaction of $1,253,981.40. Following the completion of the sale, the insider now owns 70,470 shares of the company’s stock, valued at $2,890,679.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

“ITT Inc. to Post Q1 2017 Earnings of $0.59 Per Share, Oppenheimer Holdings Forecasts (ITT)” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this article on another publication, it was illegally copied and republished in violation of United States & international copyright legislation. The correct version of this article can be viewed at http://www.dailypolitical.com/2017/02/17/itt-inc-to-post-q1-2017-earnings-of-0-59-per-share-oppenheimer-holdings-forecasts-itt.html.

Several large investors have recently added to or reduced their stakes in ITT. Macquarie Group Ltd. increased its stake in ITT by 1.9% in the second quarter. Macquarie Group Ltd. now owns 1,944,430 shares of the company’s stock worth $62,183,000 after buying an additional 36,251 shares during the period. Public Employees Retirement System of Ohio increased its stake in ITT by 22.4% in the second quarter. Public Employees Retirement System of Ohio now owns 34,089 shares of the company’s stock worth $1,090,000 after buying an additional 6,234 shares during the period. Calvert Investment Management Inc. increased its stake in ITT by 2.6% in the second quarter. Calvert Investment Management Inc. now owns 7,148 shares of the company’s stock worth $229,000 after buying an additional 184 shares during the period. Walthausen & Co. LLC purchased a new stake in ITT during the second quarter worth approximately $5,502,000. Finally, Amalgamated Bank increased its stake in ITT by 13.6% in the second quarter. Amalgamated Bank now owns 12,260 shares of the company’s stock worth $427,000 after buying an additional 1,471 shares during the period. 91.15% of the stock is owned by hedge funds and other institutional investors.

ITT Company Profile

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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