TheStreet Lowers ITT Inc. (ITT) to C+

TheStreet downgraded shares of ITT Inc. (NYSE:ITT) from a b rating to a c+ rating in a research report report published on Tuesday morning.

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

ITT (NYSE:ITT) traded down 2.50% during midday trading on Tuesday, hitting $42.07. The stock had a trading volume of 381,576 shares. The stock has a market cap of $3.71 billion, a P/E ratio of 20.35 and a beta of 1.39. ITT has a 52 week low of $30.06 and a 52 week high of $44.00. The company has a 50-day moving average price of $41.21 and a 200-day moving average price of $37.69.

This article was originally published by and is the sole property of Zolmax. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://zolmax.com/investing/thestreet-lowers-itt-inc-itt-to-c/1208604.html

ITT (NYSE:ITT) last announced its quarterly 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. ITT had a return on equity of 15.41% and a net margin of 7.93%. The business earned $588 million during the quarter, compared to the consensus estimate of $551.89 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. ITT’s revenue was down 11.8% compared to the same quarter last year. Equities analysts expect that ITT will post $2.39 EPS for the current year.

This story was originally reported by Zolmax and is owned by of Zolmax. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international trademark and copyright law. The legal version of this story can be accessed at https://zolmax.com/investing/thestreet-lowers-itt-inc-itt-to-c/1208604.html.

The business also recently disclosed 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 a boost from ITT’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, March 9th. This represents a $0.51 dividend on an annualized basis and a yield of 1.19%. ITT’s dividend payout ratio is 22.94%.

In related news, insider Aris C. Chicles sold 30,570 shares of the 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 sale, the insider now owns 70,470 shares of the company’s stock, valued at approximately $2,890,679.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of 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 period. Tyers Asset Management LLC acquired a new stake in ITT during the fourth quarter valued at $135,000. Advisor Group Inc. boosted its stake in ITT by 40.7% in the third quarter. Advisor Group Inc. now owns 3,852 shares of the company’s stock valued at $138,000 after buying an additional 1,114 shares during the last quarter. Quantbot Technologies LP acquired a new stake in ITT during the third quarter valued at $159,000. Finally, Elkfork Partners LLC acquired a new stake in ITT during the fourth quarter valued at $185,000. 91.15% of the stock is currently owned by institutional investors and hedge funds.

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

Receive News & Ratings for ITT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

AA PLC  Receives “Underperform” Rating from Jefferies Group LLC
AA PLC Receives “Underperform” Rating from Jefferies Group LLC
Pagegroup PLC  Given New GBX 430 Price Target at Royal Bank of Canada
Pagegroup PLC Given New GBX 430 Price Target at Royal Bank of Canada
Standard Life Plc  Stock Rating Reaffirmed by BNP Paribas
Standard Life Plc Stock Rating Reaffirmed by BNP Paribas
Delta Air Lines  – Investment Analysts’ Recent Ratings Updates
Delta Air Lines – Investment Analysts’ Recent Ratings Updates
Recent Investment Analysts’ Ratings Changes for United Continental Holdings
Recent Investment Analysts’ Ratings Changes for United Continental Holdings
Saga PLC  Earns “Buy” Rating from Peel Hunt
Saga PLC Earns “Buy” Rating from Peel Hunt


Leave a Reply

 
© 2006-2017 Zolmax.