ITT Inc. (NYSE:ITT) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

A number of other analysts also recently weighed in on ITT. Stifel Nicolaus boosted their target price on shares of ITT from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Goldman Sachs Group, Inc. (The) downgraded shares of ITT from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $46.00 to $43.00 in a report on Tuesday, June 6th. BidaskClub upgraded shares of ITT from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Zacks Investment Research upgraded shares of ITT from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. ITT has a consensus rating of “Hold” and a consensus target price of $46.29.

ITT (NYSE:ITT) traded up 0.45% during mid-day trading on Friday, reaching $40.54. 259,010 shares of the company’s stock traded hands. ITT has a one year low of $32.46 and a one year high of $44.00. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 17.36 and a beta of 1.46. The firm’s 50-day moving average price is $40.62 and its 200 day moving average price is $40.40.

ITT (NYSE:ITT) last announced its quarterly earnings results on Friday, August 4th. The conglomerate reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $630.90 million for the quarter, compared to the consensus estimate of $628.65 million. ITT had a net margin of 8.64% and a return on equity of 14.17%. ITT’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 EPS. On average, equities analysts forecast that ITT will post $2.46 EPS for the current year.

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Several institutional investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors boosted its position in ITT by 1.9% in the 1st quarter. Nationwide Fund Advisors now owns 174,414 shares of the conglomerate’s stock valued at $7,154,000 after buying an additional 3,302 shares during the period. Janney Montgomery Scott LLC boosted its position in ITT by 4.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,033 shares of the conglomerate’s stock valued at $248,000 after buying an additional 277 shares during the period. Russell Investments Group Ltd. boosted its position in ITT by 32.9% in the 1st quarter. Russell Investments Group Ltd. now owns 554,419 shares of the conglomerate’s stock valued at $22,743,000 after buying an additional 137,337 shares during the period. Oregon Public Employees Retirement Fund boosted its position in ITT by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 31,084 shares of the conglomerate’s stock valued at $1,275,000 after buying an additional 400 shares during the period. Finally, BB&T Corp boosted its position in ITT by 0.8% in the 1st quarter. BB&T Corp now owns 27,721 shares of the conglomerate’s stock valued at $1,138,000 after buying an additional 218 shares during the period. 93.06% of the stock is owned by hedge funds and other institutional investors.

About ITT

ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Company’s product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment, and is a provider of plant optimization, solutions and aftermarket services and parts.

Analyst Recommendations for ITT (NYSE:ITT)

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