ITT Inc. (NYSE:ITT) Receives $173.25 Consensus Price Target from Analysts

Shares of ITT Inc. (NYSE:ITT - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $173.25.

A number of research analysts recently commented on the company. The Goldman Sachs Group upped their price objective on ITT from $160.00 to $177.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Wall Street Zen upgraded ITT from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Stifel Nicolaus upped their price objective on ITT from $171.00 to $197.00 and gave the stock a "buy" rating in a research note on Monday. Bank of America increased their price target on ITT from $145.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, KeyCorp increased their price target on ITT from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Select Equity Group L.P. boosted its stake in ITT by 4.4% during the first quarter. Select Equity Group L.P. now owns 4,765,602 shares of the conglomerate's stock valued at $615,525,000 after buying an additional 200,676 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in ITT by 97.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,835,894 shares of the conglomerate's stock valued at $237,125,000 after buying an additional 904,654 shares in the last quarter. Invesco Ltd. boosted its stake in ITT by 12.2% during the fourth quarter. Invesco Ltd. now owns 1,560,381 shares of the conglomerate's stock valued at $222,947,000 after buying an additional 169,054 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of ITT by 14.2% in the 4th quarter. Alliancebernstein L.P. now owns 1,366,576 shares of the conglomerate's stock valued at $195,256,000 after purchasing an additional 169,944 shares during the period. Finally, Nuveen LLC acquired a new position in shares of ITT in the 1st quarter valued at $156,406,000. Institutional investors own 91.59% of the company's stock.

ITT Price Performance

Shares of ITT stock traded up $2.36 on Thursday, hitting $161.33. 221,537 shares of the stock traded hands, compared to its average volume of 522,280. The company has a market capitalization of $12.70 billion, a PE ratio of 25.65, a PEG ratio of 2.02 and a beta of 1.35. The company's fifty day moving average is $154.29 and its 200 day moving average is $144.21. ITT has a 1-year low of $105.64 and a 1-year high of $161.79.

ITT (NYSE:ITT - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The conglomerate reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.01. The firm had revenue of $913.00 million during the quarter, compared to the consensus estimate of $901.22 million. ITT had a return on equity of 17.75% and a net margin of 14.19%. The firm's revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business earned $1.42 EPS. As a group, equities research analysts expect that ITT will post 6.51 EPS for the current year.

ITT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 2nd were paid a dividend of $0.351 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.40 annualized dividend and a yield of 0.87%. ITT's dividend payout ratio is currently 22.26%.

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.