ITT Inc. (NYSE:ITT) Given Average Rating of "Moderate Buy" by Brokerages

ITT Inc. (NYSE:ITT - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $161.86.

Several research firms have issued reports on ITT. KeyCorp upped their target price on shares of ITT from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. UBS Group raised their price target on ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Citigroup lowered their target price on ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus boosted their price target on ITT from $148.00 to $161.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, StockNews.com upgraded shares of ITT from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th.

ITT Price Performance

ITT traded up $6.39 during midday trading on Friday, hitting $149.56. The stock had a trading volume of 499,206 shares, compared to its average volume of 449,585. ITT has a 1 year low of $105.64 and a 1 year high of $161.13. 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 business has a fifty day moving average of $132.31 and a 200 day moving average of $142.51. The company has a market cap of $11.77 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36.

ITT (NYSE:ITT - Get Free Report) last posted its earnings results on Thursday, May 1st. The conglomerate reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.01. The firm had revenue of $913.00 million for the quarter, compared to analysts' expectations of $901.22 million. ITT had a return on equity of 18.03% and a net margin of 14.27%. The business's revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.42 earnings per share. As a group, equities analysts forecast that ITT will post 6.51 earnings per share for the current fiscal year.

ITT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Monday, June 2nd. ITT's payout ratio is 22.26%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in ITT by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 517,307 shares of the conglomerate's stock valued at $73,913,000 after purchasing an additional 3,424 shares during the period. Venturi Wealth Management LLC grew its position in shares of ITT by 880.0% during the fourth quarter. Venturi Wealth Management LLC now owns 2,156 shares of the conglomerate's stock worth $308,000 after buying an additional 1,936 shares in the last quarter. AlphaQuest LLC increased its position in shares of ITT by 422.7% in the 4th quarter. AlphaQuest LLC now owns 4,208 shares of the conglomerate's stock valued at $601,000 after purchasing an additional 3,403 shares during the last quarter. ING Groep NV purchased a new stake in ITT during the 4th quarter worth about $1,214,000. Finally, Intech Investment Management LLC raised its holdings in ITT by 218.0% during the fourth quarter. Intech Investment Management LLC now owns 14,051 shares of the conglomerate's stock worth $2,008,000 after purchasing an additional 9,633 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

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.