News stories about ITT (NYSE:ITT) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing 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 one, with scores closest to one being the most favorable. ITT earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the conglomerate an impact score of 44.8419039576559 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern’s analysis:

ITT (ITT) traded down $0.59 on Monday, hitting $52.50. 522,058 shares of the company traded hands, compared to its average volume of 580,592. The firm has a market cap of $4,671.92, a PE ratio of 21.85, a P/E/G ratio of 1.68 and a beta of 1.59. ITT has a 1 year low of $36.93 and a 1 year high of $54.79.

ITT (NYSE:ITT) last posted its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.05. The company had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $605.06 million. ITT had a net margin of 8.29% and a return on equity of 14.12%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 earnings per share. sell-side analysts forecast that ITT will post 2.53 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a dividend of $0.128 per share. This represents a $0.51 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, December 7th. ITT’s dividend payout ratio is presently 21.89%.

Several research firms recently issued reports on ITT. Deutsche Bank upgraded shares of ITT from a “hold” rating to a “buy” rating and boosted their target price for the company from $46.00 to $55.00 in a research note on Monday, October 9th. ValuEngine upgraded shares of ITT from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Cowen reiterated a “buy” rating and issued a $50.00 target price on shares of ITT in a research note on Thursday, September 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $49.00 target price on shares of ITT in a research note on Wednesday, August 16th. Finally, Zacks Investment Research upgraded shares of ITT from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $50.88.

In other ITT news, insider Denise L. Ramos sold 161,100 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $50.14, for a total transaction of $8,077,554.00. Following the completion of the transaction, the insider now directly owns 283,032 shares in the company, valued at $14,191,224.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Steven C. Giuliano sold 5,860 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $50.94, for a total transaction of $298,508.40. The disclosure for this sale can be found here. Insiders have sold 176,960 shares of company stock valued at $8,845,462 over the last 90 days. 1.20% of the stock is currently owned by company insiders.

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ITT Company Profile

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.

Insider Buying and Selling by Quarter for ITT (NYSE:ITT)

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