ITT (NYSE:ITT) Price Target Raised to $168.00

ITT (NYSE:ITT - Get Free Report) had its price target boosted by equities researchers at UBS Group from $165.00 to $168.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the conglomerate's stock. UBS Group's price target would suggest a potential upside of 15.73% from the stock's current price.

A number of other research analysts also recently issued reports on the company. Wolfe Research started coverage on ITT in a report on Wednesday, December 11th. They set a "peer perform" rating on the stock. Robert W. Baird lowered their target price on shares of ITT from $165.00 to $163.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. Citigroup reduced their price target on shares of ITT from $183.00 to $181.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Stifel Nicolaus lowered their price objective on shares of ITT from $180.00 to $179.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Finally, KeyCorp lifted their target price on shares of ITT from $164.00 to $170.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $168.38.

ITT Stock Down 1.5 %

ITT stock traded down $2.25 during mid-day trading on Friday, reaching $145.17. The stock had a trading volume of 139,997 shares, compared to its average volume of 372,763. The company has a market capitalization of $11.83 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 1.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 1.09. ITT has a one year low of $118.95 and a one year high of $161.13. The company has a 50-day moving average price of $147.67 and a two-hundred day moving average price of $144.96.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings results 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%. On average, analysts expect that ITT will post 6.33 EPS for the current fiscal year.

Institutional Investors Weigh In On ITT

A number of institutional investors have recently bought and sold shares of ITT. Capital Performance Advisors LLP bought a new position in ITT in the 3rd quarter worth approximately $26,000. Rialto Wealth Management LLC bought a new position in shares of ITT during the fourth quarter worth $26,000. Resources Management Corp CT ADV bought a new stake in ITT in the 3rd quarter valued at $30,000. ORG Wealth Partners LLC bought a new position in shares of ITT during the 4th quarter valued at about $30,000. Finally, UMB Bank n.a. increased its holdings in shares of ITT by 315.8% in the third quarter. UMB Bank n.a. now owns 237 shares of the conglomerate's stock worth $35,000 after purchasing an additional 180 shares during the last quarter. Hedge funds and other 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.