Media headlines about ITT (NYSE:ITT) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ITT earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the conglomerate an impact score of 44.8348054001131 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- CORRECTED-BRIEF-Axovant Sciences Submitted Final Protocol With Statistical Analysis Plan To FDA For Dementia With Lewy Bodies Study (feeds.reuters.com)
- Global Power Equipment Group (GLPW) vs. ITT (ITT) Financial Survey (americanbankingnews.com)
- Chromalox Unveils Second Generation DirectConnect™ Technology (prweb.com)
- To Rewrite Obama Rules, DeVos Picks People Tied To Predatory Colleges (huffingtonpost.com)
- Power Solutions International (PSIX) versus ITT (ITT) Financial Review (americanbankingnews.com)
ITT has been the subject of a number of research analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $49.00 price target on shares of ITT in a research report on Wednesday, August 16th. ValuEngine cut ITT from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Cowen restated a “buy” rating and issued a $50.00 price target on shares of ITT in a research report on Thursday, September 21st. Robert W. Baird restated a “buy” rating and issued a $51.00 price target on shares of ITT in a research report on Wednesday, October 4th. Finally, Deutsche Bank upgraded ITT from a “hold” rating to a “buy” rating and raised their price target for the company from $46.00 to $55.00 in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $50.88.
ITT (NYSE ITT) traded up $0.33 during midday trading on Thursday, hitting $53.26. The stock had a trading volume of 685,567 shares, compared to its average volume of 580,590. The firm has a market cap of $4,670.00, a price-to-earnings ratio of 21.86, a P/E/G ratio of 1.68 and a beta of 1.59. ITT has a fifty-two week low of $36.93 and a fifty-two week high of $54.79.
ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05. The business had revenue of $645.00 million for the quarter, compared to analyst estimates of $605.06 million. ITT had a return on equity of 14.12% and a net margin of 8.29%. The company’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 EPS. research analysts forecast that ITT will post 2.53 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a dividend of $0.128 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.51 annualized dividend and a dividend yield of 0.96%. ITT’s payout ratio is currently 22.37%.
In other ITT news, insider Denise L. Ramos sold 161,100 shares of ITT stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $50.14, for a total transaction of $8,077,554.00. Following the sale, the insider now directly owns 283,032 shares in the company, valued at approximately $14,191,224.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mary Elizabeth Gustafsson sold 5,000 shares of ITT stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $42.90, for a total value of $214,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 176,960 shares of company stock worth $8,845,462. Company insiders own 1.20% of the company’s stock.
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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.
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