ITT Inc. (NYSE:ITT) Receives Average Recommendation of “Moderate Buy” from Brokerages

ITT Inc. (NYSE:ITT) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $168.38.

ITT has been the topic of several analyst reports. Stifel Nicolaus dropped their price target on shares of ITT from $180.00 to $179.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. UBS Group lifted their target price on ITT from $165.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, February 7th. StockNews.com upgraded ITT from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Wolfe Research assumed coverage on ITT in a research note on Wednesday, December 11th. They set a “peer perform” rating for the company. Finally, KeyCorp raised their target price on shares of ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st.

ITT Stock Up 0.3 %

ITT stock opened at $141.06 on Monday. ITT has a one year low of $121.01 and a one year high of $161.13. The stock has a fifty day moving average of $145.87 and a 200 day moving average of $145.84. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. The stock has a market cap of $11.48 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.89 and a beta of 1.41.

ITT (NYSE:ITT) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, beating the consensus estimate of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. As a group, sell-side analysts predict that ITT will post 6.51 EPS for the current year.

ITT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 6th will be issued a $0.351 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Thursday, March 6th. This is an increase from ITT’s previous quarterly dividend of $0.32. ITT’s payout ratio is 22.22%.

Institutional Trading of ITT

A number of institutional investors and hedge funds have recently bought and sold shares of ITT. M&T Bank Corp grew its position in shares of ITT by 1.3% during the third quarter. M&T Bank Corp now owns 5,334 shares of the conglomerate’s stock valued at $797,000 after purchasing an additional 69 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in ITT by 0.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 11,486 shares of the conglomerate’s stock valued at $1,641,000 after buying an additional 81 shares during the last quarter. CIBC Asset Management Inc grew its holdings in ITT by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,409 shares of the conglomerate’s stock valued at $360,000 after buying an additional 87 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in ITT by 13.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 749 shares of the conglomerate’s stock worth $107,000 after acquiring an additional 87 shares during the last quarter. Finally, Round Rock Advisors LLC raised its holdings in shares of ITT by 0.4% during the 3rd quarter. Round Rock Advisors LLC now owns 20,319 shares of the conglomerate’s stock worth $3,038,000 after acquiring an additional 90 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

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.