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

ITT Inc. (NYSE:ITT) has earned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $166.75.

ITT has been the subject of a number of recent analyst reports. Robert W. Baird decreased their target price on ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. KeyCorp raised their target price on shares of ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Wolfe Research started coverage on shares of ITT in a research report on Wednesday, December 11th. They set a “peer perform” rating on the stock. Stifel Nicolaus increased their price target on shares of ITT from $171.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group lifted their price objective on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday, October 10th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ITT. CWM LLC increased its holdings in shares of ITT by 69.1% during the second quarter. CWM LLC now owns 1,331 shares of the conglomerate’s stock valued at $172,000 after acquiring an additional 544 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in ITT by 3.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,313 shares of the conglomerate’s stock worth $1,074,000 after buying an additional 266 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of ITT by 38.7% in the second quarter. Blue Trust Inc. now owns 423 shares of the conglomerate’s stock worth $58,000 after buying an additional 118 shares in the last quarter. Raymond James & Associates grew its holdings in shares of ITT by 1.6% during the second quarter. Raymond James & Associates now owns 67,473 shares of the conglomerate’s stock valued at $8,716,000 after buying an additional 1,036 shares during the last quarter. Finally, Leeward Investments LLC MA increased its position in shares of ITT by 5.6% during the second quarter. Leeward Investments LLC MA now owns 196,174 shares of the conglomerate’s stock valued at $25,342,000 after acquiring an additional 10,485 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Price Performance

ITT stock opened at $149.06 on Wednesday. The stock has a market capitalization of $12.15 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 1.99 and a beta of 1.40. The firm’s 50-day moving average price is $151.25 and its two-hundred day moving average price is $140.90. The company has a current ratio of 1.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17. ITT has a 12-month low of $113.70 and a 12-month 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. ITT had a return on equity of 17.98% and a net margin of 13.67%. The company had revenue of $885.20 million for the quarter, compared to the consensus estimate of $884.50 million. During the same quarter in the previous year, the business earned $1.37 EPS. ITT’s revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts predict that ITT will post 5.84 earnings per share for the current year.

ITT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a $0.319 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.28 annualized dividend and a dividend yield of 0.86%. ITT’s payout ratio is currently 21.67%.

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.