Robert W. Baird Has Lowered Expectations for ITT (NYSE:ITT) Stock Price

ITT (NYSE:ITT - Get Free Report) had its target price reduced by equities research analysts at Robert W. Baird from $165.00 to $163.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an "outperform" rating on the conglomerate's stock. Robert W. Baird's target price suggests a potential upside of 12.58% from the company's previous close.

Other research analysts also recently issued reports about the stock. KeyCorp increased their target price on shares of ITT from $155.00 to $164.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Stifel Nicolaus lifted their price target on shares of ITT from $157.00 to $167.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. The Goldman Sachs Group boosted their target price on shares of ITT from $150.00 to $166.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Finally, TD Cowen boosted their price objective on shares of ITT from $125.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday, July 15th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, ITT presently has a consensus rating of "Buy" and a consensus target price of $156.11.

ITT Stock Down 0.9 %

ITT traded down $1.28 during trading on Wednesday, hitting $144.78. The stock had a trading volume of 659,314 shares, compared to its average volume of 385,030. The stock has a 50 day simple moving average of $142.79 and a two-hundred day simple moving average of $136.09. The company has a market capitalization of $11.83 billion, a PE ratio of 28.39, a PEG ratio of 1.92 and a beta of 1.40. ITT has a twelve month low of $91.94 and a twelve month high of $153.99. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.55.

ITT (NYSE:ITT - Get Free Report) last issued its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.03. ITT had a net margin of 12.47% and a return on equity of 18.30%. The firm had revenue of $885.20 million during the quarter, compared to analysts' expectations of $884.50 million. During the same quarter last year, the company posted $1.37 earnings per share. The firm's revenue was up 7.7% compared to the same quarter last year. On average, research analysts predict that ITT will post 5.84 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Eagle Bluffs Wealth Management LLC lifted its holdings in ITT by 0.4% in the second quarter. Eagle Bluffs Wealth Management LLC now owns 18,973 shares of the conglomerate's stock valued at $2,457,000 after buying an additional 82 shares during the period. Tectonic Advisors LLC grew its position in ITT by 3.3% in the third quarter. Tectonic Advisors LLC now owns 2,925 shares of the conglomerate's stock valued at $437,000 after purchasing an additional 93 shares in the last quarter. AE Wealth Management LLC grew its position in ITT by 5.9% in the second quarter. AE Wealth Management LLC now owns 1,802 shares of the conglomerate's stock valued at $233,000 after purchasing an additional 100 shares in the last quarter. Quent Capital LLC grew its position in shares of ITT by 53.9% in the 3rd quarter. Quent Capital LLC now owns 294 shares of the conglomerate's stock valued at $44,000 after acquiring an additional 103 shares during the period. Finally, HBK Sorce Advisory LLC grew its position in shares of ITT by 4.7% in the 1st quarter. HBK Sorce Advisory LLC now owns 2,306 shares of the conglomerate's stock valued at $314,000 after acquiring an additional 104 shares during the period. 91.59% of the stock is owned by 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.