ITT Inc. (NYSE:ITT) Receives Average Rating of "Buy" from Brokerages

Shares of ITT Inc. (NYSE:ITT - Get Free Report) have received a consensus rating of "Buy" from the seven research firms that are presently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $135.57.

Several research firms recently weighed in on ITT. Stifel Nicolaus raised their price objective on ITT from $141.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, April 17th. DA Davidson boosted their price target on ITT from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Tuesday, March 26th. KeyCorp raised their price objective on shares of ITT from $136.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, April 11th. Citigroup lifted their target price on shares of ITT from $139.00 to $157.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Finally, StockNews.com cut shares of ITT from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 6th.

Institutional Investors Weigh In On ITT

Institutional investors have recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of ITT by 8.2% during the 4th quarter. Signaturefd LLC now owns 1,150 shares of the conglomerate's stock valued at $137,000 after purchasing an additional 87 shares in the last quarter. State of Michigan Retirement System boosted its holdings in shares of ITT by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 19,729 shares of the conglomerate's stock worth $2,354,000 after buying an additional 100 shares in the last quarter. Round Rock Advisors LLC grew its position in shares of ITT by 0.5% during the 4th quarter. Round Rock Advisors LLC now owns 20,183 shares of the conglomerate's stock worth $2,408,000 after buying an additional 104 shares during the period. Eagle Bluffs Wealth Management LLC grew its position in shares of ITT by 0.6% during the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 18,820 shares of the conglomerate's stock worth $2,246,000 after buying an additional 114 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of ITT by 63.4% in the 3rd quarter. IFP Advisors Inc now owns 304 shares of the conglomerate's stock valued at $30,000 after acquiring an additional 118 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

ITT Stock Down 2.4 %

Shares of ITT stock traded down $3.19 on Tuesday, reaching $129.39. The company had a trading volume of 401,367 shares, compared to its average volume of 354,435. The business's 50-day moving average is $129.14 and its 200 day moving average is $117.99. ITT has a one year low of $75.82 and a one year high of $138.29. The stock has a market capitalization of $10.64 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 1.80 and a beta of 1.43.

ITT (NYSE:ITT - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The conglomerate reported $1.34 EPS for the quarter, meeting the consensus estimate of $1.34. The business had revenue of $829.10 million during the quarter, compared to the consensus estimate of $814.38 million. ITT had a net margin of 12.50% and a return on equity of 17.91%. The firm's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.29 EPS. On average, sell-side analysts forecast that ITT will post 5.8 earnings per share for the current fiscal year.

ITT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were issued a dividend of $0.319 per share. This is a positive change from ITT's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.28 annualized dividend and a yield of 0.99%. ITT's dividend payout ratio (DPR) is presently 25.81%.

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.