KeyBanc Maintains Their Buy Rating on ITT Corp

By Ryan Adsit

KeyBanc analyst Jeffrey Hammond maintained a Buy rating on ITT Corp (NYSE: ITT) today and set a price target of $65. The company’s shares closed yesterday at $54.10.

According to TipRanks.com, Hammond is a 4-star analyst with an average return of 12.0% and a 60.2% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Sun Hydraulics Corp, Enpro Industries, and Colfax Corp.

ITT Corp has an analyst consensus of Strong Buy, with a price target consensus of $61.50.

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Based on ITT Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $101 million. In comparison, last year the company had a net profit of $46 million.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. Last month, Denise L. Ramos, the Chief Executive Officer and President of ITT sold 105,295 shares for a total of $5,552,991.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

ITT, Inc. engages in the provision of engineering and technology. Its activities include manufacture and sale of engineered components and customized technology solutions in the field of energy, transportation, and industrial markets.