Headlines about ITT (NYSE:ITT) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. ITT earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the conglomerate an impact score of 46.7121754298143 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Berkshire Medical Center Nurses Vote to Ratify New Contract that Marks Major Success for Patients, Nurses and the Public (prnewswire.com)
- Procter & Gamble: Raising The Bar (seekingalpha.com)
- Ecuador faces hurdles in path to boost oil flow (hellenicshippingnews.com)
- Puroast® Stands Alone As A Coffee That Makes You “FEEL BETTER, NOT BITTER”™ (prweb.com)
- Lupin and Mylan Partner to Commercialize Enbrel® (Etanercept) Biosimilar (prnewswire.com)
Several research firms have weighed in on ITT. Robert W. Baird restated a “buy” rating and set a $64.00 target price on shares of ITT in a report on Wednesday, April 4th. DA Davidson began coverage on ITT in a research note on Wednesday, March 21st. They issued a “buy” rating and a $60.00 price objective on the stock. Stifel Nicolaus lowered their price target on ITT from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Monday, April 16th. ValuEngine raised ITT from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Finally, KeyCorp lifted their price objective on ITT from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, June 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $58.67.
Shares of NYSE ITT opened at $52.27 on Friday. ITT has a 1-year low of $38.66 and a 1-year high of $57.62. The firm has a market capitalization of $4.56 billion, a P/E ratio of 20.18, a P/E/G ratio of 1.53 and a beta of 1.55.
ITT (NYSE:ITT) last issued its earnings results on Friday, May 4th. The conglomerate reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.04. The business had revenue of $689.30 million during the quarter, compared to the consensus estimate of $680.75 million. ITT had a net margin of 6.37% and a return on equity of 14.98%. ITT’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. analysts predict that ITT will post 3.1 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Monday, June 11th will be issued a dividend of $0.134 per share. The ex-dividend date is Friday, June 8th. This represents a $0.54 annualized dividend and a dividend yield of 1.03%. ITT’s dividend payout ratio is presently 20.85%.
In other news, VP Steven C. Giuliano sold 11,940 shares of ITT stock in a transaction on Friday, May 11th. The shares were sold at an average price of $52.98, for a total transaction of $632,581.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Denise L. Ramos sold 105,295 shares of ITT stock in a transaction on Friday, May 11th. The stock was sold at an average price of $52.74, for a total transaction of $5,553,258.30. Following the transaction, the insider now directly owns 359,400 shares of the company’s stock, valued at approximately $18,954,756. The disclosure for this sale can be found here. Insiders have sold 124,875 shares of company stock worth $6,607,262 over the last ninety days. Insiders own 1.00% of the company’s stock.
ITT Inc manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company operates in three segments: Industrial Process, Motion Technologies, and Connect & Control Technologies. The Industrial Process segment designs and manufactures industrial pumps, valves, and plant optimization systems; and centrifugal pumps, vertical centrifugal pumps, twin screw and positive displacement pumps, and water systems, as well as aftermarket solutions, such as repairs and upgrades services.
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