ITT Inc (NYSE:ITT) has earned a consensus rating of “Buy” from the ten ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $66.25.
ITT has been the subject of a number of recent research reports. Zacks Investment Research upgraded ITT from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Wednesday, August 8th. UBS Group boosted their target price on ITT from $57.00 to $60.00 and gave the stock a “sell” rating in a research report on Thursday, August 30th. Gordon Haskett initiated coverage on ITT in a research report on Friday, October 12th. They set a “buy” rating for the company. ValuEngine downgraded ITT from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Finally, Oppenheimer set a $67.00 target price on ITT and gave the stock a “buy” rating in a research report on Wednesday, October 17th.
Shares of ITT stock opened at $52.67 on Monday. ITT has a one year low of $46.10 and a one year high of $63.04. The firm has a market capitalization of $4.61 billion, a P/E ratio of 20.34, a P/E/G ratio of 1.36 and a beta of 1.73.
ITT (NYSE:ITT) last issued its quarterly earnings data on Friday, November 2nd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.03. ITT had a return on equity of 16.10% and a net margin of 7.80%. The firm had revenue of $680.60 million during the quarter, compared to the consensus estimate of $677.36 million. During the same quarter in the previous year, the company posted $0.66 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts forecast that ITT will post 3.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 7th will be issued a $0.134 dividend. The ex-dividend date is Thursday, December 6th. This represents a $0.54 dividend on an annualized basis and a yield of 1.02%. ITT’s dividend payout ratio is presently 20.85%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new stake in ITT in the third quarter valued at about $128,000. Bessemer Group Inc. increased its holdings in ITT by 593.9% in the third quarter. Bessemer Group Inc. now owns 2,831 shares of the conglomerate’s stock valued at $173,000 after purchasing an additional 2,423 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in ITT in the third quarter valued at about $176,000. Boston Private Wealth LLC bought a new stake in ITT in the third quarter valued at about $205,000. Finally, Ibex Investors LLC bought a new stake in ITT in the third quarter valued at about $205,000. Institutional investors and hedge funds own 91.17% of the company’s stock.
ITT Inc manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company operates in three segments: Industrial Process, Motion Technologies, and Connect & Control Technologies. The Industrial Process segment designs and manufactures industrial pumps, valves, and plant optimization systems; and centrifugal pumps, vertical centrifugal pumps, twin screw and positive displacement pumps, and water systems, as well as aftermarket solutions, such as repairs and upgrades services.
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