ITT (ITT) Getting Somewhat Negative Media Coverage, Analysis Shows

Media stories about ITT (NYSE:ITT) have trended somewhat negative this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public 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 -0.04 on Accern’s scale. Accern also gave news coverage about the conglomerate an impact score of 26 out of 100, indicating that recent press coverage is unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

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

ITT has been the topic of a number of recent research reports. BidaskClub upgraded ITT from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Goldman Sachs Group Inc cut ITT from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $46.00 to $43.00 in a report on Tuesday, June 6th. Stifel Nicolaus lifted their target price on ITT from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Finally, TheStreet upgraded ITT from a “c+” rating to a “b” rating in a report on Monday, March 27th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $46.67.

Shares of ITT (NYSE ITT) traded down 0.90% on Wednesday, hitting $39.42. The stock had a trading volume of 103,528 shares. The company has a market capitalization of $3.50 billion, a P/E ratio of 18.17 and a beta of 1.35. ITT has a one year low of $30.06 and a one year high of $44.00. The firm has a 50 day moving average price of $39.86 and a 200 day moving average price of $40.60.

ITT (NYSE:ITT) last released its quarterly earnings data on Monday, May 8th. The conglomerate reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.04. ITT had a net margin of 8.04% and a return on equity of 14.65%. The business had revenue of $625.80 million during the quarter, compared to analysts’ expectations of $607.08 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts predict that ITT will post $2.42 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Monday, June 12th will be given a $0.128 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Thursday, June 8th. ITT’s dividend payout ratio is currently 23.50%.

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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.

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