ITT (NYSE:ITT) Price Target Raised to $170.00 at KeyCorp

ITT (NYSE:ITT) had its price target lifted by equities researchers at KeyCorp from $164.00 to $170.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the conglomerate’s stock. KeyCorp’s price objective would indicate a potential upside of 10.89% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Robert W. Baird reduced their target price on ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group boosted their price objective on shares of ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Wolfe Research started coverage on shares of ITT in a research report on Wednesday, December 11th. They issued a “peer perform” rating for the company. Citigroup reduced their price target on shares of ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Stifel Nicolaus raised their price objective on shares of ITT from $171.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.25.

ITT Trading Down 0.4 %

NYSE:ITT opened at $153.31 on Tuesday. The firm has a market capitalization of $12.50 billion, a P/E ratio of 26.16, a P/E/G ratio of 1.81 and a beta of 1.41. The company has a quick ratio of 1.09, a current ratio of 1.58 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $149.38 and a 200 day moving average of $143.74. ITT has a 52 week low of $118.58 and a 52 week high of $161.13.

ITT (NYSE:ITT) last issued its quarterly earnings data on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, beating the consensus estimate of $1.43 by $0.03. The firm had revenue of $885.20 million during the quarter, compared to the consensus estimate of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 earnings per share. On average, research analysts predict that ITT will post 5.84 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Select Equity Group L.P. increased its holdings in shares of ITT by 11.7% during the second quarter. Select Equity Group L.P. now owns 3,340,392 shares of the conglomerate’s stock valued at $431,512,000 after acquiring an additional 351,206 shares in the last quarter. State Street Corp increased its stake in ITT by 1.1% during the 3rd quarter. State Street Corp now owns 2,437,674 shares of the conglomerate’s stock valued at $364,457,000 after purchasing an additional 26,133 shares in the last quarter. Geode Capital Management LLC raised its holdings in ITT by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,369,021 shares of the conglomerate’s stock worth $204,736,000 after buying an additional 8,223 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in shares of ITT by 4.3% in the third quarter. Westfield Capital Management Co. LP now owns 669,519 shares of the conglomerate’s stock worth $100,100,000 after buying an additional 27,885 shares in the last quarter. Finally, Eagle Asset Management Inc. purchased a new stake in shares of ITT during the third quarter valued at approximately $67,503,000. Institutional investors own 91.59% of the company’s stock.

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.