ITT (NYSE:ITT) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of ITT (NYSE:ITT) from a buy rating to a hold rating in a report issued on Wednesday morning.

A number of other research analysts also recently commented on ITT. KeyCorp lifted their price objective on shares of ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. TD Cowen lifted their target price on shares of ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Citigroup decreased their target price on ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Stifel Nicolaus lowered their price target 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, Wolfe Research began coverage on shares of ITT in a report on Wednesday, December 11th. They issued a “peer perform” rating for the company. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.13.

ITT Stock Performance

Shares of NYSE ITT opened at $149.59 on Wednesday. The stock has a market capitalization of $12.19 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.81 and a beta of 1.41. ITT has a 52 week low of $118.58 and a 52 week high of $161.13. The stock has a 50 day moving average price of $148.24 and a 200 day moving average price of $144.77. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.58.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. M&T Bank Corp boosted its holdings in shares of ITT by 1.3% in the 3rd quarter. M&T Bank Corp now owns 5,334 shares of the conglomerate’s stock valued at $797,000 after purchasing an additional 69 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of ITT by 0.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 11,486 shares of the conglomerate’s stock worth $1,641,000 after buying an additional 81 shares during the last quarter. CIBC Asset Management Inc boosted its stake in ITT by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,409 shares of the conglomerate’s stock valued at $360,000 after buying an additional 87 shares in the last quarter. Round Rock Advisors LLC grew its position in ITT by 0.4% in the third quarter. Round Rock Advisors LLC now owns 20,319 shares of the conglomerate’s stock valued at $3,038,000 after acquiring an additional 90 shares during the last quarter. Finally, Tectonic Advisors LLC raised its stake in ITT by 3.3% during the third quarter. Tectonic Advisors LLC now owns 2,925 shares of the conglomerate’s stock worth $437,000 after acquiring an additional 93 shares in the last quarter. 91.59% of the stock is owned by 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.