Media headlines about ITT (NYSE:ITT) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ITT earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the conglomerate an impact score of 45.883390444011 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- ITT’s (ITT) Buy Rating Reiterated at Cowen and Company (americanbankingnews.com)
- Insider Selling: ITT Inc. (ITT) Insider Sells 5,000 Shares of Stock (americanbankingnews.com)
- Compact Automation to Showcase Packaging Industry Solutions at PACK EXPO Las Vegas – Business Wire (press release) (businesswire.com)
- ITT Inc. (NYSE:ITT) Traded 6.7% Above Its 50 Day Moving Average – First News 24 (firstnewspaper24.com)
ITT (ITT) opened at 43.29 on Friday. The stock has a 50 day moving average price of $40.49 and a 200 day moving average price of $40.30. The stock has a market capitalization of $3.81 billion, a PE ratio of 18.54 and a beta of 1.46. ITT has a 52 week low of $32.46 and a 52 week high of $44.00.
ITT (NYSE:ITT) last released its quarterly earnings data on Friday, August 4th. The conglomerate reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The business had revenue of $630.90 million during the quarter, compared to analysts’ expectations of $628.65 million. ITT had a return on equity of 14.17% and a net margin of 8.64%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 EPS. Equities analysts forecast that ITT will post $2.46 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 11th will be given a $0.128 dividend. The ex-dividend date is Friday, September 8th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.18%. ITT’s dividend payout ratio (DPR) is presently 21.70%.
ITT has been the subject of several recent analyst reports. Goldman Sachs Group, Inc. (The) downgraded ITT from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $46.00 to $43.00 in a report on Tuesday, June 6th. BidaskClub raised ITT from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. ValuEngine raised ITT from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research raised ITT from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Tuesday, July 18th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $49.00 price target on shares of ITT in a report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $46.75.
In related news, insider Mary Elizabeth Gustafsson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $42.90, for a total value of $214,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.
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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