ITT Inc. (NYSE:ITT) Given Average Rating of “Buy” by Analysts

Shares of ITT Inc. (NYSE:ITTGet Free Report) have been given a consensus recommendation of “Buy” by the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have covered the stock in the last year is $138.38.

ITT has been the subject of a number of recent analyst reports. Citigroup upped their target price on ITT from $139.00 to $157.00 and gave the company a “buy” rating in a research report on Monday, April 8th. DA Davidson upped their target price on ITT from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, March 26th. KeyCorp upped their target price on ITT from $136.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Stifel Nicolaus upped their target price on ITT from $141.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, UBS Group upped their target price on ITT from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th.

Read Our Latest Report on ITT

ITT Stock Performance

ITT opened at $129.95 on Wednesday. The business has a fifty day simple moving average of $131.64 and a 200 day simple moving average of $126.34. The company has a market capitalization of $10.69 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 1.68 and a beta of 1.44. ITT has a 1 year low of $85.92 and a 1 year high of $140.20. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.08.

ITT (NYSE:ITTGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.06. The business had revenue of $910.60 million during the quarter, compared to the consensus estimate of $883.21 million. ITT had a return on equity of 18.21% and a net margin of 12.41%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 EPS. Research analysts expect that ITT will post 5.85 EPS for the current year.

ITT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a dividend of $0.319 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.28 annualized dividend and a dividend yield of 0.98%. ITT’s dividend payout ratio is currently 25.10%.

Institutional Trading of ITT

Institutional investors and hedge funds have recently modified their holdings of the business. Ontario Teachers Pension Plan Board acquired a new position in ITT in the 4th quarter worth about $992,000. Vanguard Group Inc. increased its holdings in ITT by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 8,463,809 shares of the conglomerate’s stock worth $1,009,902,000 after purchasing an additional 65,173 shares in the last quarter. Norges Bank acquired a new position in ITT in the 4th quarter worth about $102,709,000. Natixis Advisors L.P. increased its holdings in ITT by 28.7% in the 3rd quarter. Natixis Advisors L.P. now owns 74,409 shares of the conglomerate’s stock worth $7,286,000 after purchasing an additional 16,614 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of ITT in the fourth quarter valued at about $951,000. 91.59% of the stock is currently owned by institutional investors.

About ITT

(Get Free Report

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.

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Analyst Recommendations for ITT (NYSE:ITT)

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