ITT Corporation

Citi has published a report on ITT Corporation (NYSE: ITT) reviewing second quarter results and lowering the price target from $66 to $57. In the report, Citi wrote, "There were two primary hurdles for ITT this quarter and it cleared them both comfortably. It needed to deliver at least inline...

Yesterday afternoon, Deutsche Bank reported that it journeyed to White Plains to visit ITT's (NYSE: ITT) headquarters, “where we met with several executives, including Denise Ramos and Gretchen McClain.” “The key takeaway is that the company is tracking to plan on the spin-out and has seen no...

In a report published by Gabelli, ITT Corporation (NYSE: ITT) in January 2011, ITT announced plans to separate the company's businesses into three distinct, publicly traded companies. Gabelli said that under the plan, ITT would execute tax-free spinoffs to shareholders of its water-related...

In a recent report, Citigroup says that it views the proposed ITT Corporation (NYSE: ITT) break-up “as a capitulating but nonetheless decisive move by CEO Steve Loranger and team to unlock the value in ITT that had been saddled with an imbalanced 55% exposure to defense.” “Prior to this...

Citigroup has raised the price target on ITT Corporation (NYSE: ITT) from $55 to $66 and maintains its Hold rating.

ITT Corporation (NYSE: ITT) today announced that its board of directors has unanimously approved a plan to separate the company's businesses into three distinct, publicly traded companies. Under the plan, ITT would execute tax-free spinoffs to shareholders of its water-related businesses and its...

Citigroup has published a research report on Multi-Industry & Electrical Equipment (MI-EE) companies as the industry discloses its 2011 outlook. In the report, Citigroup writes "Multi- Industry & Electrical Equipment (MI-EE) companies launch their annual blitz of 2011 outlook meetings/calls...

ITT Corporation (NYSE: ITT) announced on Monday that it would increase its dividend for the 1st quarter of 2010 nearly 18% to 25 cents per share. The dividend will be paid on 1 April to shareholders of record as of 3 March.