ITT Inc. (NYSE:ITT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of ITT Inc. (NYSE:ITT) have earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $170.29.

A number of brokerages have weighed in on ITT. UBS Group raised their target price on shares of ITT from $165.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Wolfe Research started coverage on ITT in a research report on Wednesday, December 11th. They set a “peer perform” rating on the stock. StockNews.com raised ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. KeyCorp boosted their price target on ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, Stifel Nicolaus lowered their price objective on ITT from $180.00 to $179.00 and set a “buy” rating for the company in a research note on Friday, January 24th.

ITT Price Performance

Shares of ITT stock opened at $139.42 on Friday. The business has a fifty day simple moving average of $143.53 and a 200 day simple moving average of $146.07. The company has a market cap of $11.35 billion, a P/E ratio of 22.13, a P/E/G ratio of 1.89 and a beta of 1.42. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.08. ITT has a twelve month low of $121.01 and a twelve month high of $161.13.

ITT (NYSE:ITT) last posted its earnings results on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. On average, sell-side analysts forecast that ITT will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be paid a $0.351 dividend. This is a positive change from ITT’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, March 6th. ITT’s payout ratio is currently 22.22%.

Institutional Trading of ITT

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new position in shares of ITT in the 4th quarter worth about $26,000. Resources Management Corp CT ADV bought a new stake in ITT in the third quarter worth approximately $30,000. ORG Wealth Partners LLC acquired a new position in ITT in the fourth quarter valued at approximately $30,000. Whipplewood Advisors LLC bought a new position in shares of ITT during the 4th quarter worth approximately $34,000. Finally, Quarry LP grew its position in shares of ITT by 101.6% during the 4th quarter. Quarry LP now owns 248 shares of the conglomerate’s stock worth $35,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

About ITT

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.