Exclusive: Is ITT Inc. a Buy? The Stock Rises Again

Exclusive: Is ITT Inc. a Buy? The Stock Rises Again

The stock of ITT Inc. (NYSE:ITT) is a huge mover today! About 187,726 shares traded hands. ITT Inc. (NYSE:ITT) has risen 5.05% since April 28, 2016 and is uptrending. It has underperformed by 0.88% the S&P500.
The move comes after 9 months positive chart setup for the $3.56B company. It was reported on Dec, 1 by Barchart.com. We have $44.34 PT which if reached, will make NYSE:ITT worth $249.20 million more.

Analysts await ITT Inc. (NYSE:ITT) to report earnings on February, 10. They expect $0.46 EPS, down 20.69% or $0.12 from last year’s $0.58 per share. ITT’s profit will be $39.52 million for 22.52 P/E if the $0.46 EPS becomes a reality. After $0.58 actual EPS reported by ITT Inc. for the previous quarter, Wall Street now forecasts -20.69% negative EPS growth.

ITT Inc. (NYSE:ITT) Ratings Coverage

Out of 4 analysts covering ITT Corp (NYSE:ITT), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. ITT Corp has been the topic of 10 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The rating was reinitiated by KeyBanc Capital Markets on Wednesday, June 29 with “Sector Weight”. Cowen & Co maintained it with “Outperform” rating and $52 target price in Tuesday, September 1 report. Barclays Capital maintained the shares of ITT in a report on Monday, July 18 with “Equalweight” rating. The stock has “Equal-Weight” rating given by Barclays Capital on Monday, October 5. The firm has “Market Perform” rating by Avondale given on Thursday, October 15. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Monday, November 7. Seaport Global upgraded the stock to “Buy” rating in Friday, June 10 report. Barclays Capital upgraded ITT Inc. (NYSE:ITT) rating on Monday, October 24. Barclays Capital has “Overweight” rating and $41 price target.

According to Zacks Investment Research, “ITT Inc. is a manufacturer of engineered critical components and customized technology solutions for the energy, transportation and industrial markets. ITT Inc., formerly known as ITT Corporation, is headquartered in White Plains, New York.”

Insitutional Activity: The institutional sentiment decreased to 0 in Q2 2016. Its down 0.01, from 0.01 in 2016Q1. The ratio worsened, as 253 funds sold all ITT Inc. shares owned while 4 reduced positions. 0 funds bought stakes while 2 increased positions. They now own 171,152 shares or 99.79% less from 81.41 million shares in 2016Q1.
Great West Life Assurance Can, a Manitoba – Canada-based fund reported 11,208 shares. Gemmer Asset Management Limited Co has invested 0.01% of its portfolio in ITT Inc. (NYSE:ITT). Tradewinds Capital Limited Liability Corp holds 16 shares or 0% of its portfolio. Dreman Value Mngmt L L C holds 247 shares or 0% of its portfolio. Huntington Fincl Bank has 23,991 shares for 0.02% of their US portfolio. Covington Inv Advsr Incorporated holds 36,297 shares or 0.51% of its portfolio. Utd Fire Gru Incorporated has invested 0.02% of its portfolio in ITT Inc. (NYSE:ITT). Vantage Inv Advsr Ltd Co last reported 50 shares in the company. The Ohio-based Meeder Asset Inc has invested 0.02% in ITT Inc. (NYSE:ITT). American Rech & Mgmt last reported 305 shares in the company. Hancock Hldgs owns 11,284 shares or 0.02% of their US portfolio. Fourpoints Managers Sas has 78,100 shares for 1.75% of their US portfolio.

Insider Transactions: Since November 10, 2016, the stock had 0 buys, and 2 sales for $2.51 million net activity. Another trade for 9,310 shares valued at $353,780 was made by Scalera Thomas M on Thursday, November 10. Another trade for 56,380 shares valued at $2.16M was sold by Chicles Aris C.

Another recent and important ITT Inc. (NYSE:ITT) news was published by Pionline.com which published an article titled: “ITT Inc. offers lump sum to former employees” on November 04, 2016.

ITT Company Profile

ITT Inc. is a diversified maker of engineered components and customized technology solutions for the energy, transportation and industrial markets. The Firm makes components that are integral to the operation of systems and manufacturing processes in its markets. The Company’s product and service offerings are organized into four divisions: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies.

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