ITT Inc. (NYSE:ITT) Receives $165.13 Consensus PT from Brokerages

Shares of ITT Inc. (NYSE:ITT) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $166.75.

ITT has been the subject of several research analyst reports. Robert W. Baird reduced their price objective on ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Citigroup lifted their price target on shares of ITT from $176.00 to $183.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Wolfe Research assumed coverage on shares of ITT in a research report on Wednesday, December 11th. They set a “peer perform” rating on the stock. TD Cowen raised their target price on shares of ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, StockNews.com lowered shares of ITT from a “buy” rating to a “hold” rating in a research note on Saturday, December 7th.

ITT Trading Down 1.0 %

Shares of NYSE ITT opened at $150.70 on Wednesday. The firm’s 50 day moving average price is $151.18 and its 200-day moving average price is $140.64. ITT has a 52-week low of $113.70 and a 52-week high of $161.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.58. The company has a market cap of $12.28 billion, a PE ratio of 25.72, a P/E/G ratio of 1.99 and a beta of 1.40.

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

ITT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a $0.319 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.28 dividend on an annualized basis and a yield of 0.85%. ITT’s dividend payout ratio is currently 21.67%.

Institutional Trading of ITT

Hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC lifted its position in shares of ITT by 12.4% during the 3rd quarter. Tidal Investments LLC now owns 6,487 shares of the conglomerate’s stock valued at $970,000 after buying an additional 716 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in ITT during the 3rd quarter worth approximately $64,000. Sanctuary Advisors LLC lifted its holdings in ITT by 6.0% during the third quarter. Sanctuary Advisors LLC now owns 3,951 shares of the conglomerate’s stock valued at $626,000 after purchasing an additional 225 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of ITT by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,369,021 shares of the conglomerate’s stock worth $204,736,000 after purchasing an additional 8,223 shares during the period. Finally, Resources Management Corp CT ADV purchased a new stake in shares of ITT in the third quarter worth $30,000. Institutional investors own 91.59% of the company’s stock.

About ITT

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.