ITT Inc. (NYSE:ITT) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of ITT Inc. (NYSE:ITT - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $165.50.

Several research firms have issued reports on ITT. Stifel Nicolaus upped their price target on shares of ITT from $161.00 to $171.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Wall Street Zen raised shares of ITT from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. KeyCorp increased their price objective on shares of ITT from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Bank of America increased their price objective on shares of ITT from $145.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, The Goldman Sachs Group increased their price objective on shares of ITT from $160.00 to $177.00 and gave the company a "buy" rating in a research report on Monday, May 19th.

Institutional Investors Weigh In On ITT

Large investors have recently bought and sold shares of the company. Rialto Wealth Management LLC acquired a new stake in ITT during the fourth quarter worth about $26,000. Whipplewood Advisors LLC acquired a new stake in shares of ITT in the 4th quarter valued at approximately $34,000. Quarry LP boosted its stake in shares of ITT by 101.6% in the 4th quarter. Quarry LP now owns 248 shares of the conglomerate's stock valued at $35,000 after purchasing an additional 125 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of ITT by 291.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate's stock valued at $59,000 after purchasing an additional 309 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of ITT in the 4th quarter valued at approximately $59,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Trading Up 0.2%

Shares of ITT stock opened at $157.94 on Friday. ITT has a 12 month low of $105.64 and a 12 month high of $161.13. The firm has a fifty day moving average price of $147.37 and a 200 day moving average price of $142.39. The company has a market cap of $12.43 billion, a P/E ratio of 25.11, a PEG ratio of 2.06 and a beta of 1.35.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The conglomerate reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.01. ITT had a net margin of 14.19% and a return on equity of 17.75%. The firm had revenue of $913.00 million for the quarter, compared to analyst estimates of $901.22 million. During the same period in the prior year, the firm posted $1.42 earnings per share. The company's quarterly revenue was up .3% compared to the same quarter last year. On average, equities analysts forecast that ITT will post 6.51 EPS for the current year.

ITT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.351 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 0.89%. ITT's payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.