Analysts Set ITT Inc. (NYSE:ITT) Target Price at $168.38

ITT Inc. (NYSE:ITT) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $168.38.

A number of research firms recently issued reports on ITT. KeyCorp raised their price objective on shares of ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. StockNews.com upgraded shares of ITT from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. UBS Group upped their price objective on ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Wolfe Research initiated coverage on ITT in a report on Wednesday, December 11th. They issued a “peer perform” rating on the stock. Finally, Stifel Nicolaus cut their price target on ITT from $180.00 to $179.00 and set a “buy” rating for the company in a report on Friday, January 24th.

ITT Price Performance

Shares of ITT opened at $134.83 on Friday. The firm has a fifty day simple moving average of $143.61 and a two-hundred day simple moving average of $145.93. The firm has a market cap of $10.97 billion, a PE ratio of 21.40, a P/E/G ratio of 1.89 and a beta of 1.42. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. ITT has a 1-year low of $121.01 and a 1-year high of $161.13.

ITT (NYSE:ITT) last posted its quarterly earnings data 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 return on equity of 18.03% and a net margin of 14.27%. On average, equities analysts anticipate that ITT will post 6.51 EPS for the current year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 6th will be given a $0.351 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.04%. This is an increase from ITT’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, March 6th. ITT’s payout ratio is presently 22.22%.

Institutional Trading of ITT

Several institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its stake in ITT by 22.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,049 shares of the conglomerate’s stock worth $1,293,000 after purchasing an additional 1,659 shares during the period. Forum Financial Management LP purchased a new position in shares of ITT in the fourth quarter worth $203,000. Focus Partners Advisor Solutions LLC bought a new position in shares of ITT during the fourth quarter worth $232,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in ITT by 9.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 250,467 shares of the conglomerate’s stock valued at $35,787,000 after acquiring an additional 21,040 shares in the last quarter. Finally, Woodline Partners LP increased its holdings in ITT by 228.9% in the 4th quarter. Woodline Partners LP now owns 117,384 shares of the conglomerate’s stock valued at $16,772,000 after acquiring an additional 81,693 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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.