The stock of ITT Inc. (NYSE:ITT) is a huge mover today! About 659,133 shares traded hands or 10.66% up from the average. ITT Inc. (NYSE:ITT) has declined 0.14% since April 8, 2016 and is downtrending. It has underperformed by 5.79% the S&P500.
The move comes after 8 months positive chart setup for the $3.15B company. It was reported on Nov, 10 by Barchart.com. We have $56.33 PT which if reached, will make NYSE:ITT worth $1.51B more.
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 maintained by Cowen & Co on Tuesday, September 1 with “Outperform”. The firm earned “Sector Weight” rating on Wednesday, June 29 by KeyBanc Capital Markets. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, November 7. Barclays Capital maintained the shares of ITT in a report on Monday, July 18 with “Equalweight” rating. The firm earned “Overweight” rating on Monday, October 24 by Barclays Capital. The firm has “Market Perform” rating by Avondale given on Thursday, October 15. The rating was upgraded by Seaport Global on Friday, June 10 to “Buy”. Barclays Capital maintained ITT Inc. (NYSE:ITT) rating on Monday, October 5. Barclays Capital has “Equal-Weight” rating and $34 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 0.01 in 2016 Q2. Its down 1.31, from 1.32 in 2016Q1. The ratio turned negative, 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.
Huntington Comml Bank last reported 23,991 shares in the company. Vantage Inv Advsrs Ltd Liability Corporation last reported 50 shares in the company. The Mississippi-based Hancock Holdings Llc has invested 0.02% in ITT Inc. (NYSE:ITT). Great West Life Assurance Can last reported 0% of its portfolio in the stock. & Mngmt accumulated 305 shares or 0% of the stock. Meeder Asset Management Inc holds 7,182 shares or 0.02% of its portfolio. Covington Invest Inc reported 36,297 shares or 0.51% of all its holdings. Gemmer Asset Mgmt Limited last reported 372 shares in the company. Dreman Value L L C, a Florida-based fund reported 247 shares. Fourpoints Managers Sas accumulated 78,100 shares or 1.75% of the stock. Tradewinds Capital Limited Liability Company has 16 shares for 0% of their US portfolio. United Fire Gru holds 1,250 shares or 0.02% of its portfolio.
Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 2 insider sales for $3.48 million net activity. Chicles Aris C had sold 90,778 shares worth $3.23 million. 7,019 shares with value of $252,684 were sold by Scalera Thomas M on Wednesday, May 25.
More recent ITT Inc. (NYSE:ITT) news were published by: Pionline.com which released: “ITT Inc. offers lump sum to former employees” on November 04, 2016. Also Reuters.com published the news titled: “BRIEF-AllianceBernstein reports 3.9 percent passive stake in ITT Inc” on September 29, 2016. Streetinsider.com‘s news article titled: “ITT Corp. (ITT) to Acquire Axtone in ~$118M Deal” with publication date: November 04, 2016 was also an interesting one.
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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