ITT (NYSE:ITT) Given New $165.00 Price Target at TD Cowen

ITT (NYSE:ITT) had its target price upped by equities research analysts at TD Cowen from $150.00 to $165.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the conglomerate’s stock. TD Cowen’s price objective indicates a potential upside of 15.52% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. KeyCorp increased their target price on shares of ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Robert W. Baird reduced their target price on shares of ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a research report on Wednesday. The Goldman Sachs Group raised their price target on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Stifel Nicolaus lifted their target price on shares of ITT from $157.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, ITT currently has an average rating of “Buy” and a consensus price target of $157.78.

ITT Stock Down 1.4 %

NYSE:ITT traded down $2.00 during trading hours on Thursday, reaching $142.83. The company’s stock had a trading volume of 120,263 shares, compared to its average volume of 383,775. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.10. The company has a market cap of $11.67 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 1.92 and a beta of 1.40. The business’s 50-day moving average is $142.79 and its 200-day moving average is $136.09. ITT has a one year low of $91.94 and a one year high of $153.99.

ITT (NYSE:ITT) last issued its quarterly earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. ITT had a net margin of 12.47% and a return on equity of 18.30%. The firm had revenue of $885.20 million during the quarter, compared to the consensus estimate of $884.50 million. During the same period in the prior year, the firm earned $1.37 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Equities research analysts predict that ITT will post 5.84 EPS for the current year.

Hedge Funds Weigh In On ITT

Large investors have recently made changes to their positions in the company. Lynx Investment Advisory acquired a new stake in ITT during the second quarter worth approximately $27,000. UMB Bank n.a. lifted its position in shares of ITT by 315.8% during the 3rd quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 180 shares during the period. Headlands Technologies LLC acquired a new stake in shares of ITT during the 2nd quarter worth $32,000. Brown Brothers Harriman & Co. acquired a new position in ITT in the second quarter valued at about $36,000. Finally, Quent Capital LLC raised its stake in ITT by 53.9% in the third quarter. Quent Capital LLC now owns 294 shares of the conglomerate’s stock valued at $44,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

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.