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

Shares of ITT Inc. (NYSE:ITT) have been given an average recommendation of “Moderate Buy” by the nine brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $166.75.

ITT has been the subject of a number of recent analyst reports. Wolfe Research began coverage on ITT in a research note on Wednesday, December 11th. They issued a “peer perform” rating for the company. The Goldman Sachs Group upped their price target on ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. KeyCorp lifted their price objective on shares of ITT from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Robert W. Baird dropped their target price on shares of ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Finally, TD Cowen lifted their price target on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 31st.

ITT Trading Down 2.6 %

ITT stock opened at $139.29 on Friday. ITT has a 12-month low of $115.96 and a 12-month high of $161.13. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 1.95 and a beta of 1.41. The firm has a 50 day moving average of $149.75 and a 200 day moving average of $142.57. 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 (NYSE:ITT) last announced its quarterly earnings data on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. The firm had revenue of $885.20 million during the quarter, compared to analysts’ expectations of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.37 earnings per share. As a group, research analysts predict that ITT will post 5.84 earnings per share for the current year.

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were paid a $0.319 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.92%. ITT’s payout ratio is currently 21.67%.

Institutional Trading of ITT

Several hedge funds have recently made changes to their positions in ITT. Algert Global LLC bought a new stake in ITT during the second quarter worth approximately $1,158,000. Eagle Asset Management Inc. purchased a new position in shares of ITT in the 3rd quarter worth approximately $67,503,000. AQR Capital Management LLC increased its position in shares of ITT by 115.6% during the 2nd quarter. AQR Capital Management LLC now owns 245,676 shares of the conglomerate’s stock valued at $31,717,000 after purchasing an additional 131,708 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in ITT by 46.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 95,398 shares of the conglomerate’s stock valued at $14,263,000 after buying an additional 30,320 shares during the period. Finally, International Assets Investment Management LLC lifted its position in ITT by 16,832.5% in the third quarter. International Assets Investment Management LLC now owns 14,054 shares of the conglomerate’s stock worth $2,101,000 after buying an additional 13,971 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

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.