Today, the Chief Executive Officer and President of ITT Corp (ITT), Luca Savi, sold shares of ITT for $2.2M.
Following Luca Savi’s last ITT Sell transaction on March 11, 2015, the stock climbed by 23.7%. In addition to Luca Savi, one other ITT executive reported Sell trades in the last month.
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Based on ITT Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $696 million and quarterly net profit of $71.3 million. In comparison, last year the company earned revenue of $689 million and had a net profit of $101 million. ITT’s market cap is $5.41B and the company has a P/E ratio of 18.05. Currently, ITT Corp has an average volume of 865.6K.
Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $67.86, reflecting a 11.1% upside.
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ITT, Inc. engages in the manufacture and sale of engineered components and customized technology solutions in the field of energy, transportation, and industrial markets. It operates through the following segments: Motion Technologies, Industrial Process, and Connect and Control Technologies.
