Shares of ITT Inc. (NYSE:ITT) have been given a median ranking of “Purchase” by the eleven rankings corporations which can be at the moment protecting the corporate, MarketBeat studies. Three equities analysis analysts have rated the stock with a maintain ranking and 6 have issued a purchase ranking on the corporate. The typical 12-month price goal amongst analysts which have up to date their protection on the stock within the final 12 months is $68.57.
Various equities analysts have commented on the stock. Oppenheimer boosted their goal price on shares of ITT from $66.00 to $72.00 and gave the stock an “outperform” ranking in a report on Wednesday, October 14th. William Blair restated a “market carry out” ranking on shares of ITT in a report on Monday, August third. Lastly, KeyCorp upped their price goal on shares of ITT from $72.00 to $80.00 and gave the corporate an “chubby” ranking in a report on Wednesday, November 18th.
Various giant traders have just lately modified their holdings of ITT. JPMorgan Chase & Co. elevated its holdings in ITT by 23.1% within the third quarter. JPMorgan Chase & Co. now owns 7,960,938 shares of the conglomerate’s stock worth $473,278,00Zero after shopping for a further 1,493,089 shares throughout the interval. FMR LLC elevated its holdings in ITT by 21.9% within the 2nd quarter. FMR LLC now owns 6,779,718 shares of the conglomerate’s stock worth $398,241,00Zero after shopping for a further 1,218,406 shares throughout the interval. Arrowstreet Capital Restricted Partnership elevated its holdings in ITT by 123.5% within the third quarter. Arrowstreet Capital Restricted Partnership now owns 778,586 shares of the conglomerate’s stock worth $45,976,00Zero after shopping for a further 430,243 shares throughout the interval. Artemis Funding Administration LLP elevated its holdings in ITT by 346.9% within the third quarter. Artemis Funding Administration LLP now owns 485,956 shares of the conglomerate’s stock worth $28,678,00Zero after shopping for a further 377,215 shares throughout the interval. Lastly, Balyasny Asset Administration LLC acquired a brand new place in ITT within the 2nd quarter worth roughly $14,661,000. Institutional traders personal 90.80% of the corporate’s stock.
NYSE:ITT traded up $0.37 throughout mid-day buying and selling on Friday, reaching $75.11. The corporate’s stock had a buying and selling quantity of 8,306 shares, in comparison with its common quantity of 659,420. ITT has a 1 12 months low of $35.41 and a 1 12 months excessive of $76.17. The stock has a fifty day transferring common of $66.52 and a 200-day transferring common of $60.59. The agency has a market capitalization of $6.46 billion, a PE ratio of 43.17, a price-to-earnings-growth ratio of two.94 and a beta of 1.52.
ITT (NYSE:ITT) final launched its quarterly earnings information on Friday, October 30th. The conglomerate reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.11. The corporate had income of $591.20 million throughout the quarter, in comparison with analyst estimates of $580.76 million. ITT had a web margin of 6.20% and a return on fairness of 13.64%. The agency’s income for the quarter was down 17.0% in comparison with the identical quarter final 12 months. Throughout the identical interval within the prior 12 months, the agency earned $0.97 earnings per share. As a gaggle, equities analysts forecast that ITT will put up 3.08 earnings per share for the present 12 months.
The enterprise additionally just lately disclosed a quarterly dividend, which can be paid on Wednesday, December 30th. Stockholders of report on Monday, December seventh can be issued a dividend of $0.169 per share. The ex-dividend date is Friday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 0.90%. ITT’s dividend payout ratio (DPR) is at the moment 17.85%.
ITT Firm Profile
ITT Inc manufactures and sells engineered vital parts and customised know-how options for the power, transportation, and industrial markets worldwide. The corporate operates by way of three segments: Movement Applied sciences, Industrial Course of, and Join & Management Applied sciences. The Movement Applied sciences section manufactures brake pads, shims, shock absorbers, and power absorption parts; and sealing applied sciences primarily for the transportation business, together with passenger automobiles, light- and heavy-duty industrial and navy autos, buses, and rail.
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