ITT (NYSE:ITT) Downgraded by StockNews.com to Hold

ITT (NYSE:ITT) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Several other equities analysts have also recently weighed in on the company. TD Cowen lifted their price objective on ITT from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 31st. KeyCorp increased their price objective on shares of ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Robert W. Baird dropped their target price on shares of ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their price target on shares of ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Wolfe Research assumed coverage on shares of ITT in a research report on Wednesday, December 11th. They set a “peer perform” rating for the company. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.13.

ITT Trading Down 2.2 %

Shares of ITT stock opened at $146.30 on Wednesday. ITT has a 52-week low of $118.58 and a 52-week high of $161.13. The stock has a market cap of $11.92 billion, a PE ratio of 24.97, a PEG ratio of 1.81 and a beta of 1.41. The firm has a 50-day moving average of $148.05 and a 200-day moving average of $144.78. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.58.

ITT (NYSE:ITT) last announced its earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.02. ITT had a net margin of 13.67% and a return on equity of 17.98%. As a group, sell-side analysts forecast that ITT will post 5.84 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in ITT during the 3rd quarter worth approximately $26,000. Resources Management Corp CT ADV acquired a new position in shares of ITT during the third quarter worth $30,000. ORG Wealth Partners LLC bought a new stake in shares of ITT in the fourth quarter worth $30,000. Whipplewood Advisors LLC acquired a new stake in ITT in the fourth quarter valued at $34,000. Finally, UMB Bank n.a. raised its position in ITT by 315.8% during the 3rd 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. 91.59% of the stock is currently 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.