ITT (NYSE:ITT) Price Target Raised to $161.00 at Stifel Nicolaus

ITT (NYSE:ITT - Get Free Report) had its price objective lifted by Stifel Nicolaus from $148.00 to $161.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the conglomerate's stock. Stifel Nicolaus' price objective would indicate a potential upside of 13.68% from the stock's current price.

Other research analysts also recently issued research reports about the company. Citigroup cut their price target on ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. StockNews.com lowered ITT from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. KeyCorp decreased their target price on ITT from $170.00 to $150.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group increased their price target on shares of ITT from $165.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $161.86.

ITT Trading Up 2.7 %

Shares of ITT stock traded up $3.67 on Friday, reaching $141.63. 912,196 shares of the stock were exchanged, compared to its average volume of 450,150. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96. ITT has a one year low of $105.64 and a one year high of $161.13. The stock has a market cap of $11.47 billion, a PE ratio of 22.48, a P/E/G ratio of 1.89 and a beta of 1.36. The stock has a 50 day moving average price of $131.74 and a 200 day moving average price of $142.58.

ITT (NYSE:ITT - Get Free Report) last released its earnings results on Thursday, May 1st. The conglomerate reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.01. ITT had a net margin of 14.27% and a return on equity of 18.03%. The company had revenue of $913.00 million for the quarter, compared to the consensus estimate of $901.22 million. During the same period in the prior year, the company posted $1.42 EPS. The company's revenue was up .3% compared to the same quarter last year. Equities research analysts forecast that ITT will post 6.51 EPS for the current fiscal year.

Institutional Investors Weigh In On ITT

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Select Equity Group L.P. increased its holdings in ITT by 7.7% during the 4th quarter. Select Equity Group L.P. now owns 4,564,926 shares of the conglomerate's stock worth $652,237,000 after purchasing an additional 326,947 shares in the last quarter. Invesco Ltd. grew its holdings in shares of ITT by 12.2% during the fourth quarter. Invesco Ltd. now owns 1,560,381 shares of the conglomerate's stock worth $222,947,000 after buying an additional 169,054 shares in the last quarter. Alliancebernstein L.P. raised its position in ITT by 14.2% in the 4th quarter. Alliancebernstein L.P. now owns 1,366,576 shares of the conglomerate's stock valued at $195,256,000 after buying an additional 169,944 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in ITT by 17.7% in the 4th quarter. Nuveen Asset Management LLC now owns 1,139,303 shares of the conglomerate's stock valued at $162,784,000 after acquiring an additional 171,474 shares in the last quarter. Finally, Norges Bank acquired a new position in ITT during the 4th quarter worth approximately $134,433,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.