ITT Inc. (NYSE:ITT) Given Average Rating of "Moderate Buy" by Brokerages

ITT Inc. (NYSE:ITT - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the nine analysts that are currently covering the stock, Marketbeat Ratings 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 target price among brokerages that have issued ratings on the stock in the last year is $168.38.

A number of research firms have issued reports on ITT. Wolfe Research began coverage on ITT in a research report on Wednesday, December 11th. They issued a "peer perform" rating for the company. TD Cowen boosted their price target on shares of ITT from $150.00 to $165.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. StockNews.com upgraded ITT from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Stifel Nicolaus decreased their target price on shares of ITT from $180.00 to $179.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Finally, Citigroup decreased their price objective on shares of ITT from $183.00 to $181.00 and set a "buy" rating on the stock in a research report on Monday, January 13th.

Institutional Investors Weigh In On ITT

A number of hedge funds have recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of ITT during the 3rd quarter worth approximately $26,000. Rialto Wealth Management LLC purchased a new position in shares of ITT in the fourth quarter worth $26,000. Resources Management Corp CT ADV purchased a new stake in ITT during the 3rd quarter valued at about $30,000. ORG Wealth Partners LLC purchased a new position in ITT during the 4th quarter worth approximately $30,000. Finally, Whipplewood Advisors LLC acquired a new position in ITT during the fourth quarter valued at $34,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

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ITT Stock Performance

ITT traded down $2.03 during trading on Monday, hitting $140.59. 266,698 shares of the company traded hands, compared to its average volume of 394,634. ITT has a one year low of $121.01 and a one year high of $161.13. The stock's fifty day moving average is $145.96 and its 200 day moving average is $145.81. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.08. The firm has a market cap of $11.44 billion, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 1.89 and a beta of 1.41.

ITT (NYSE:ITT - Get Free Report) last released its earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. As a group, equities analysts predict that ITT will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be paid a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from ITT's previous quarterly dividend of $0.32. ITT's dividend payout ratio (DPR) is 22.22%.

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.