Stifel Nicolaus Boosts ITT (NYSE:ITT) Price Target to $150.00

ITT (NYSE:ITT - Free Report) had its target price increased by Stifel Nicolaus from $141.00 to $150.00 in a report released on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the conglomerate's stock.

ITT has been the topic of several other reports. KeyCorp raised their target price on ITT from $136.00 to $150.00 and gave the stock an overweight rating in a report on Thursday, April 11th. Citigroup raised their target price on ITT from $139.00 to $157.00 and gave the stock a buy rating in a report on Monday, April 8th. StockNews.com lowered ITT from a strong-buy rating to a buy rating in a report on Tuesday, February 6th. Finally, DA Davidson raised their target price on ITT from $140.00 to $155.00 and gave the stock a buy rating in a report on Tuesday, March 26th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, ITT presently has a consensus rating of Buy and an average target price of $135.57.

ITT Stock Down 1.9 %

Shares of NYSE:ITT traded down $2.47 during trading on Wednesday, hitting $125.10. The stock had a trading volume of 371,687 shares, compared to its average volume of 357,836. ITT has a 12-month low of $75.82 and a 12-month high of $138.29. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 1.75 and a beta of 1.43. The stock has a 50-day simple moving average of $128.15 and a two-hundred day simple moving average of $116.14.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The conglomerate reported $1.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.34. The firm had revenue of $829.10 million during the quarter, compared to analysts' expectations of $814.38 million. ITT had a return on equity of 17.91% and a net margin of 12.50%. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $1.29 earnings per share. As a group, sell-side analysts forecast that ITT will post 5.79 earnings per share for the current year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were issued a $0.319 dividend. This is a positive change from ITT's previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.02%. The ex-dividend date was Thursday, March 7th. ITT's dividend payout ratio (DPR) is presently 25.81%.

Institutional Trading of ITT

A number of institutional investors have recently made changes to their positions in the company. Town & Country Bank & Trust CO dba First Bankers Trust CO acquired a new stake in shares of ITT in the first quarter worth approximately $204,000. Register Financial Advisors LLC lifted its position in ITT by 4.5% during the first quarter. Register Financial Advisors LLC now owns 3,454 shares of the conglomerate's stock worth $470,000 after buying an additional 150 shares in the last quarter. Benson Investment Management Company Inc. lifted its position in ITT by 1.5% during the first quarter. Benson Investment Management Company Inc. now owns 38,819 shares of the conglomerate's stock worth $5,281,000 after buying an additional 562 shares in the last quarter. Running Oak Capital LLC lifted its position in ITT by 4.6% during the first quarter. Running Oak Capital LLC now owns 91,908 shares of the conglomerate's stock worth $12,502,000 after buying an additional 4,029 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in ITT by 8.3% during the first quarter. Park Avenue Securities LLC now owns 3,700 shares of the conglomerate's stock worth $503,000 after buying an additional 282 shares in the last quarter. 91.59% of the stock is 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.