ITT Inc. (NYSE:ITT) Receives Average Rating of “Moderate Buy” from Analysts

ITT Inc. (NYSE:ITT) has received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $166.75.

ITT has been the topic of several analyst reports. TD Cowen raised their price target on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Citigroup lifted their price target on ITT from $176.00 to $183.00 and gave the company a “buy” rating in a research note on Monday, December 9th. KeyCorp increased their price target on ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. The Goldman Sachs Group upped their target price on ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Stifel Nicolaus lifted their price target on shares of ITT from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th.

ITT Price Performance

Shares of ITT opened at $142.79 on Friday. The company has a market capitalization of $11.64 billion, a P/E ratio of 24.37, a P/E/G ratio of 1.95 and a beta of 1.40. The business’s 50-day moving average is $149.82 and its two-hundred day moving average is $142.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.58. ITT has a fifty-two week low of $113.76 and a fifty-two week high of $161.13.

ITT (NYSE:ITT) last announced its quarterly earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. The company had revenue of $885.20 million during the quarter, compared to the consensus estimate of $884.50 million. ITT had a return on equity of 17.98% and a net margin of 13.67%. ITT’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 earnings per share. Research analysts predict that ITT will post 5.84 earnings per share for the current year.

ITT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were paid a dividend of $0.319 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.28 annualized dividend and a yield of 0.89%. ITT’s dividend payout ratio (DPR) is presently 21.67%.

Institutional Investors Weigh In On ITT

A number of hedge funds have recently modified their holdings of the business. Capital Performance Advisors LLP purchased a new stake in ITT during the 3rd quarter valued at about $26,000. Resources Management Corp CT ADV purchased a new stake in shares of ITT in the third quarter valued at approximately $30,000. UMB Bank n.a. increased its holdings in shares of ITT by 315.8% in the third quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 180 shares during the last quarter. Headlands Technologies LLC purchased a new position in ITT during the second quarter worth approximately $32,000. Finally, Brown Brothers Harriman & Co. acquired a new position in ITT during the second quarter worth $36,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Company Profile

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.