ITT Inc. (NYSE:ITT) Receives $166.75 Average Target Price from Analysts

Shares of ITT Inc. (NYSE:ITT) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $166.75.

A number of brokerages have recently issued reports on ITT. Stifel Nicolaus lifted their price objective on shares of ITT from $171.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird cut their price target on shares of ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. TD Cowen increased their price objective on ITT from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their target price on ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Wolfe Research assumed coverage on ITT in a report on Wednesday, December 11th. They issued a “peer perform” rating for the company.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ITT. Capital Performance Advisors LLP acquired a new position in ITT in the 3rd quarter worth about $26,000. Resources Management Corp CT ADV purchased a new stake in ITT in the 3rd quarter worth $30,000. Headlands Technologies LLC acquired a new stake in shares of ITT in the second quarter valued at about $32,000. UMB Bank n.a. raised its position in shares of ITT by 315.8% during the 3rd quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 180 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in ITT in the 2nd quarter valued at about $36,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

ITT Stock Performance

Shares of NYSE:ITT opened at $143.58 on Friday. The firm has a 50 day moving average of $149.76 and a 200 day moving average of $142.40. The company has a quick ratio of 1.09, a current ratio of 1.58 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $11.70 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 1.95 and a beta of 1.41. ITT has a 52 week low of $114.24 and a 52 week high of $161.13.

ITT (NYSE:ITT) last issued its quarterly earnings data on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. ITT had a return on equity of 17.98% and a net margin of 13.67%. The firm had revenue of $885.20 million during the quarter, compared to analysts’ expectations of $884.50 million. During the same period in the prior year, the business posted $1.37 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts predict that ITT will post 5.84 earnings per share for the current fiscal year.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were given a dividend of $0.319 per share. This represents a $1.28 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Friday, November 29th. ITT’s dividend payout ratio is currently 21.67%.

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.