ITT (NYSE:ITT) Price Target Increased to $150.00 by Analysts at KeyCorp

ITT (NYSE:ITT) had its target price hoisted by equities researchers at KeyCorp from $136.00 to $150.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the conglomerate’s stock. KeyCorp’s price target indicates a potential upside of 16.51% from the company’s previous close.

Several other equities research analysts have also commented on ITT. DA Davidson raised their price target on shares of ITT from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. Citigroup raised their target price on ITT from $139.00 to $157.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Stifel Nicolaus boosted their price target on 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 lowered ITT from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 6th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $132.86.

ITT Trading Down 1.6 %

Shares of NYSE ITT opened at $128.74 on Thursday. ITT has a 12-month low of $75.82 and a 12-month high of $138.29. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 1.79 and a beta of 1.43. The stock’s 50 day simple moving average is $128.06 and its 200 day simple moving average is $115.39.

ITT (NYSE:ITT) last posted its earnings results on Thursday, February 8th. The conglomerate reported $1.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.34. The company had revenue of $829.10 million for the quarter, compared to analysts’ expectations of $814.38 million. ITT had a return on equity of 17.91% and a net margin of 12.50%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $1.29 earnings per share. As a group, equities analysts forecast that ITT will post 5.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ITT

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC raised its position in shares of ITT by 8.2% during the fourth quarter. Signaturefd LLC now owns 1,150 shares of the conglomerate’s stock worth $137,000 after purchasing an additional 87 shares during the period. State of Michigan Retirement System raised its position in shares of ITT by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 19,729 shares of the conglomerate’s stock worth $2,354,000 after purchasing an additional 100 shares during the period. Kestra Advisory Services LLC raised its position in shares of ITT by 3.8% during the fourth quarter. Kestra Advisory Services LLC now owns 2,821 shares of the conglomerate’s stock worth $337,000 after purchasing an additional 103 shares during the period. Round Rock Advisors LLC raised its position in shares of ITT by 0.5% during the fourth quarter. Round Rock Advisors LLC now owns 20,183 shares of the conglomerate’s stock worth $2,408,000 after purchasing an additional 104 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of ITT by 3.9% during the second quarter. Franklin Resources Inc. now owns 2,766 shares of the conglomerate’s stock worth $258,000 after purchasing an additional 105 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

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.