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

ITT (NYSE:ITT - Get Free Report) had its price objective reduced by equities research analysts at KeyCorp from $170.00 to $150.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the conglomerate's stock. KeyCorp's target price points to a potential upside of 19.62% from the stock's previous close.

A number of other equities research analysts also recently issued reports on the company. Citigroup lowered their price objective on ITT from $183.00 to $181.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. UBS Group raised their price target on ITT from $165.00 to $168.00 and gave the company a "buy" rating in a report on Friday, February 7th. Wolfe Research began coverage on ITT in a report on Wednesday, December 11th. They set a "peer perform" rating for the company. StockNews.com raised shares of ITT from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus cut their price target on shares of ITT from $180.00 to $179.00 and set a "buy" rating for the company in a research note on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, ITT presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.43.

Remove Ads

ITT Price Performance

NYSE ITT traded up $3.11 during trading hours on Tuesday, hitting $125.40. The company had a trading volume of 928,473 shares, compared to its average volume of 426,371. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. The firm has a market capitalization of $10.21 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.89 and a beta of 1.36. ITT has a 52 week low of $105.64 and a 52 week high of $161.13. The firm has a 50 day simple moving average of $135.84 and a 200 day simple moving average of $144.42.

ITT (NYSE:ITT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. Equities research analysts expect that ITT will post 6.51 earnings per share for the current year.

Institutional Trading of ITT

Several institutional investors have recently added to or reduced their stakes in ITT. Rialto Wealth Management LLC purchased a new stake in ITT during the 4th quarter valued at about $26,000. Resources Management Corp CT ADV bought a new stake in ITT in the 3rd quarter worth $30,000. ORG Wealth Partners LLC bought a new position in shares of ITT during the fourth quarter valued at about $30,000. Whipplewood Advisors LLC purchased a new stake in shares of ITT during the fourth quarter worth about $34,000. Finally, Quarry LP raised its position in ITT by 101.6% during the 4th quarter. Quarry LP now owns 248 shares of the conglomerate's stock valued at $35,000 after purchasing an additional 125 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

ITT Company Profile

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.