Stifel Nicolaus Increases ITT (NYSE:ITT) Price Target to $150.00

ITT (NYSE:ITT) had its target price hoisted by stock analysts at Stifel Nicolaus from $141.00 to $150.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the conglomerate’s stock. Stifel Nicolaus’ target price points to a potential upside of 19.81% from the company’s current price.

A number of other research analysts have also weighed in on ITT. DA Davidson lifted their price objective on shares of ITT from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. StockNews.com lowered shares of ITT from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 6th. KeyCorp lifted their price objective on shares of ITT from $136.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Citigroup lifted their price objective on shares of ITT from $139.00 to $157.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $135.57.

ITT Trading Up 0.1 %

NYSE:ITT opened at $125.20 on Wednesday. The stock has a market capitalization of $10.30 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 1.75 and a beta of 1.43. The firm’s 50 day moving average is $128.26 and its 200 day moving average is $116.20. ITT has a 12 month low of $75.82 and a 12 month high of $138.29.

ITT (NYSE:ITT) last posted its quarterly earnings results on Thursday, February 8th. The conglomerate reported $1.34 EPS for the quarter, hitting analysts’ consensus estimates of $1.34. The company had revenue of $829.10 million for the quarter, compared to analysts’ expectations of $814.38 million. ITT had a net margin of 12.50% and a return on equity of 17.91%. ITT’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.29 EPS. Research analysts predict that ITT will post 5.79 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. IFP Advisors Inc grew its position in ITT by 63.4% in the third quarter. IFP Advisors Inc now owns 304 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 118 shares in the last quarter. Rise Advisors LLC grew its position in ITT by 788.5% in the first quarter. Rise Advisors LLC now owns 231 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 205 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new position in ITT in the third quarter worth $34,000. KB Financial Partners LLC purchased a new position in ITT in the first quarter worth $36,000. Finally, AdvisorNet Financial Inc grew its position in ITT by 101.0% in the fourth quarter. AdvisorNet Financial Inc now owns 406 shares of the conglomerate’s stock worth $48,000 after acquiring an additional 204 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other 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.