ITT (NYSE:ITT) Given New $150.00 Price Target at TD Cowen

ITT (NYSE:ITT) had its price objective boosted by research analysts at TD Cowen from $125.00 to $150.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the conglomerate’s stock. TD Cowen’s target price indicates a potential upside of 5.02% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus upped their target price on ITT from $141.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. UBS Group upped their target price on ITT from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. DA Davidson upped their target price on ITT from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. Citigroup upped their target price on ITT from $139.00 to $157.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, KeyCorp upped their target price on ITT from $136.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $144.00.

ITT Stock Performance

NYSE ITT opened at $142.83 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $132.05 and its two-hundred day moving average is $127.94. ITT has a 12-month low of $91.94 and a 12-month high of $144.03. The stock has a market capitalization of $11.75 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.75 and a beta of 1.42.

ITT (NYSE:ITT) last released its earnings results on Thursday, May 2nd. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.06. ITT had a return on equity of 18.21% and a net margin of 12.41%. The company had revenue of $910.60 million for the quarter, compared to analysts’ expectations of $883.21 million. During the same quarter in the previous year, the firm posted $1.17 EPS. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. Research analysts expect that ITT will post 5.85 EPS for the current year.

Institutional Trading of ITT

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of ITT by 3.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,313 shares of the conglomerate’s stock worth $1,074,000 after buying an additional 266 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of ITT by 4.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 24,082 shares of the conglomerate’s stock worth $3,111,000 after buying an additional 933 shares during the last quarter. Gateway Investment Advisers LLC acquired a new stake in shares of ITT during the 2nd quarter worth $1,508,000. SG Americas Securities LLC acquired a new stake in shares of ITT during the 2nd quarter worth $4,873,000. Finally, Register Financial Advisors LLC increased its holdings in shares of ITT by 43.4% during the 2nd quarter. Register Financial Advisors LLC now owns 4,954 shares of the conglomerate’s stock worth $640,000 after buying an additional 1,500 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.