Home Online Earning ITT (ITT) Earning Somewhat Favorable Media Coverage, Study Finds

ITT (ITT) Earning Somewhat Favorable Media Coverage, Study Finds

9 min read

Headlines about ITT (NYSE:ITT) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ITT earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the conglomerate an impact score of 45.1949868346325 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

ITT (NYSE ITT) traded down $0.27 during midday trading on Friday, hitting $53.37. 322,375 shares of the stock were exchanged, compared to its average volume of 485,998. ITT has a twelve month low of $36.93 and a twelve month high of $54.79. The firm has a market capitalization of $4,720.32, a PE ratio of 22.91, a P/E/G ratio of 1.70 and a beta of 1.59.

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

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were issued a $0.128 dividend. The ex-dividend date was Thursday, December 7th. This represents a $0.51 annualized dividend and a yield of 0.96%. ITT’s dividend payout ratio is presently 21.89%.

Several research firms have issued reports on ITT. Cowen reiterated a “buy” rating and set a $50.00 price objective on shares of ITT in a research note on Thursday, September 21st. Seaport Global Securities reiterated a “buy” rating on shares of ITT in a research note on Monday, November 6th. KeyCorp reiterated a “buy” rating on shares of ITT in a research note on Friday, November 3rd. ValuEngine downgraded shares of ITT from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research downgraded shares of ITT from a “buy” rating to a “hold” rating in a research note on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $50.88.

In related news, CFO Thomas M. Scalera sold 5,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $50.98, for a total value of $254,900.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 sale, the insider now directly owns 283,032 shares in the company, valued at $14,191,224.48. The disclosure for this sale can be found here. Insiders sold 171,960 shares of company stock worth $8,630,962 over the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

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About ITT

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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