ITT (NYSE:ITT) Reaches New 12-Month Low - Should You Sell?

ITT Inc. (NYSE:ITT - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $132.92 and last traded at $137.02, with a volume of 754642 shares. The stock had previously closed at $136.89.

Analysts Set New Price Targets

Several brokerages recently commented on ITT. Citigroup dropped their target price on shares of ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus cut their price objective on ITT from $179.00 to $148.00 and set a "buy" rating for the company in a research report on Monday, April 14th. StockNews.com lowered ITT from a "buy" rating to a "hold" rating in a report on Friday, April 25th. UBS Group upped their price target on ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, KeyCorp dropped their target price on shares of ITT from $170.00 to $150.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, ITT currently has a consensus rating of "Moderate Buy" and an average price target of $158.57.

ITT Price Performance

The company's 50 day moving average price is $131.78 and its 200 day moving average price is $142.86. 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 company has a market cap of $11.09 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of 1.89 and a beta of 1.36.

ITT (NYSE:ITT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. On average, equities research analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 6th were paid a $0.351 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.40 dividend on an annualized basis and a yield of 1.02%. This is a positive change from ITT's previous quarterly dividend of $0.32. ITT's payout ratio is currently 22.22%.

Institutional Trading of ITT

A number of hedge funds and other institutional investors have recently made changes to their positions in ITT. Rialto Wealth Management LLC acquired a new stake in ITT in the 4th quarter valued at about $26,000. ORG Wealth Partners LLC acquired a new stake in shares of ITT in the fourth quarter valued at approximately $30,000. Whipplewood Advisors LLC bought a new position in ITT in the 4th quarter worth approximately $34,000. Quarry LP lifted its holdings in ITT by 101.6% during the 4th quarter. Quarry LP now owns 248 shares of the conglomerate's stock worth $35,000 after buying an additional 125 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its stake in shares of ITT by 79.1% in the 4th quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate's stock valued at $59,000 after buying an additional 182 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.

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