ITT Inc (ITT) Receives $65.71 Average PT from Analysts

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ITT Inc (NYSE:ITT) has been assigned a consensus rating of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $65.71.

Several research firms recently weighed in on ITT. Robert W. Baird reissued a “buy” rating and set a $65.00 price objective on shares of ITT in a research note on Wednesday, November 7th. Zacks Investment Research raised shares of ITT from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Monday, December 3rd. Finally, Oppenheimer set a $68.00 price objective on shares of ITT and gave the stock a “buy” rating in a research note on Tuesday, November 27th.

ITT stock opened at $56.64 on Friday. ITT has a fifty-two week low of $44.89 and a fifty-two week high of $63.04. The company has a market cap of $4.91 billion, a P/E ratio of 21.87, a PEG ratio of 1.28 and a beta of 1.62.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB increased its holdings in ITT by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 79,682 shares of the conglomerate’s stock worth $3,846,000 after buying an additional 4,143 shares during the last quarter. Psagot Investment House Ltd. increased its holdings in ITT by 215.8% during the fourth quarter. Psagot Investment House Ltd. now owns 16,360 shares of the conglomerate’s stock worth $790,000 after buying an additional 11,180 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in ITT by 3.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 30,306 shares of the conglomerate’s stock worth $1,463,000 after buying an additional 973 shares during the last quarter. Millennium Management LLC increased its holdings in ITT by 157.1% during the fourth quarter. Millennium Management LLC now owns 356,103 shares of the conglomerate’s stock worth $17,189,000 after buying an additional 217,573 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in ITT by 0.9% during the fourth quarter. Macquarie Group Ltd. now owns 2,691,318 shares of the conglomerate’s stock worth $129,910,000 after buying an additional 24,311 shares during the last quarter. Institutional investors and hedge funds own 91.22% of the company’s stock.

ITT Company Profile

ITT, Inc engages in the provision of engineering and technology. Its activities include manufacture and sale of engineered components and customized technology solutions in the field of energy, transportation, and industrial markets. It operates through the following segments: Industrial Process, Motion Technologies, Interconnect Solutions, and Control Technologies.

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Analyst Recommendations for ITT (NYSE:ITT)

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