ITT Reports 2016 Fourth-Quarter and Full-Year Results, 2017 Guidance

ITT Corp. (ITT) PT Raised to $36 at UBS; Reiterates Sell

UBS raised its price target on ITT Corp. (NYSE: ITT) to $36.00 (from $34.00) while maintaining a Sell rating.... More

UPDATE: Oppenheimer Upgrades ITT Corp. (ITT) to Outperform

(Updated - February 16, 2017 9:32 AM EST)

Oppenheimer upgraded ITT Corp. (NYSE: ITT) from Perform to Outperform with a price target of $50.00.

Analyst Jim Giannakouros commented, "ITT shares continue to gain momentum despite lowered '17E EPS expectations on what we... More

ITT Corp. (ITT) PT Raised to $49 at Stifel

Stifel raised its price target on ITT Corp. (NYSE: ITT) to $49.00 (from $45.00) while maintaining a Buy rating.

Analyst Nathan Jones commented, "A reasonable and we think modestly conservative guide here with the main swing factor being primarily in ITT's short cycle... More

ITT Corp. (ITT) to Raise Qtr Dividend 3% to $0.128/Share

ITT Corp. (NYSE: ITT) plans to continue to return capital to shareowners through increasing its quarterly dividend by 3 percent to $0.128 per share and targeting up to $65 million of share repurchases, which will be based on various factors.

ITT Corp. (ITT) Tops Q4 EPS by 6c, Guides FY17

ITT Corp. (NYSE: ITT) reported Q4 EPS of $0.48, $0.06 better than the analyst estimate of $0.42. Revenue for the quarter came in at $588 million versus the consensus estimate of $550.72 million.

GUIDANCE:

ITT Corp. sees FY2017 EPS of $2.18-$2.48, versus the consensus of $2.47.

While we continued to face a difficult external environment across several of our key markets during 2016, we maintained our collective focus on addressing those challenges while advancing our essential long-term growth plans, said ITT CEO and President Denise Ramos. Throughout 2016, we proactively restructured our operations, drove... More