ITT (NYSE:ITT) PT Raised to $158.00

ITT (NYSE:ITT) had its target price increased by equities research analysts at UBS Group from $135.00 to $158.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the conglomerate’s stock. UBS Group’s price objective points to a potential upside of 16.79% from the stock’s previous close.

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

ITT Trading Up 0.5 %

Shares of ITT stock traded up $0.66 during trading on Wednesday, hitting $135.29. The company’s stock had a trading volume of 40,483 shares, compared to its average volume of 372,931. The stock has a market cap of $11.13 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 1.76 and a beta of 1.43. ITT has a 52 week low of $75.82 and a 52 week high of $138.29. The stock has a 50-day moving average price of $129.75 and a two-hundred day moving average price of $119.36. 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 (NYSE:ITT) last announced its earnings results on Thursday, May 2nd. The conglomerate reported $1.42 EPS for the quarter, beating the consensus estimate of $1.36 by $0.06. ITT had a return on equity of 18.21% and a net margin of 12.41%. The business had revenue of $910.60 million for the quarter, compared to analysts’ expectations of $883.21 million. During the same period in the prior year, the business posted $1.17 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. Equities research analysts anticipate that ITT will post 5.8 EPS for the current fiscal year.

Institutional Trading of ITT

A number of institutional investors and hedge funds have recently modified their holdings of ITT. Norges Bank bought a new position in ITT in the 4th quarter valued at $102,709,000. Bowen Hanes & Co. Inc. purchased a new stake in ITT during the third quarter worth about $26,087,000. BNP Paribas Asset Management Holding S.A. boosted its stake in ITT by 139.7% in the fourth quarter. BNP Paribas Asset Management Holding S.A. now owns 393,168 shares of the conglomerate’s stock valued at $46,912,000 after acquiring an additional 229,109 shares during the last quarter. Invesco Ltd. grew its position in shares of ITT by 46.6% during the 3rd quarter. Invesco Ltd. now owns 614,131 shares of the conglomerate’s stock valued at $60,130,000 after acquiring an additional 195,111 shares during the period. Finally, FMR LLC increased its stake in shares of ITT by 1.9% during the 3rd quarter. FMR LLC now owns 7,581,649 shares of the conglomerate’s stock worth $742,319,000 after purchasing an additional 144,394 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

About ITT

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.