.jpg "ITT Corp (NYSE: ITT)")
Today it was reported that the EVP & CFO of ITT Corp (ITT), Thomas Scalera, exercised options to sell 64,135 ITT shares at $38.25 a share, for a total transaction value of $3.95M.
Following Thomas Scalera’s last ITT Sell transaction on November 17, 2017, the stock climbed by 11.2%. In addition to Thomas Scalera, 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.
