ITT (NYSE:ITT) Earns Peer Perform Rating from Analysts at Wolfe Research

Stock analysts at Wolfe Research started coverage on shares of ITT (NYSE:ITT) in a research report issued on Wednesday,Briefing.com Automated Import reports. The brokerage set a “peer perform” rating on the conglomerate’s stock.

Several other research firms have also commented on ITT. StockNews.com lowered ITT from a “buy” rating to a “hold” rating in a research note on Saturday. Stifel Nicolaus boosted their price target on ITT from $157.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. KeyCorp raised their price objective on ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Citigroup boosted their price objective on ITT from $176.00 to $183.00 and gave the company a “buy” rating in a research note on Monday. Finally, TD Cowen increased their target price on shares of ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.13.

ITT Stock Up 0.7 %

Shares of NYSE:ITT opened at $154.21 on Wednesday. ITT has a 12-month low of $111.96 and a 12-month high of $161.13. The stock has a market capitalization of $12.57 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 2.02 and a beta of 1.40. The stock has a fifty day simple moving average of $150.91 and a two-hundred day simple moving average of $140.25. The company has a current ratio of 1.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17.

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

Hedge Funds Weigh In On ITT

Several hedge funds have recently added to or reduced their stakes in the company. M&T Bank Corp boosted its position in shares of ITT by 1.3% during the third quarter. M&T Bank Corp now owns 5,334 shares of the conglomerate’s stock valued at $797,000 after buying an additional 69 shares during the period. Eagle Bluffs Wealth Management LLC boosted its holdings in ITT by 0.4% during the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 18,973 shares of the conglomerate’s stock valued at $2,457,000 after acquiring an additional 82 shares during the period. CIBC Asset Management Inc boosted its holdings in ITT by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,409 shares of the conglomerate’s stock valued at $360,000 after acquiring an additional 87 shares during the period. Round Rock Advisors LLC grew its position in ITT by 0.4% in the 3rd quarter. Round Rock Advisors LLC now owns 20,319 shares of the conglomerate’s stock valued at $3,038,000 after acquiring an additional 90 shares during the last quarter. Finally, Tectonic Advisors LLC increased its stake in ITT by 3.3% in the third quarter. Tectonic Advisors LLC now owns 2,925 shares of the conglomerate’s stock worth $437,000 after purchasing an additional 93 shares during the period. 91.59% of the stock is currently owned by 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.