ITT Inc. (NYSE:ITT) Receives $158.57 Consensus Target Price from Brokerages

ITT Inc. (NYSE:ITT - Get Free Report) has earned an average rating of "Moderate Buy" from the eight research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $158.57.

Several analysts have weighed in on the stock. UBS Group lifted their price objective on shares of ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Citigroup cut their price target on ITT from $181.00 to $150.00 and set a "buy" rating for the company in a research note on Monday. Stifel Nicolaus lowered their price objective on ITT from $179.00 to $148.00 and set a "buy" rating on the stock in a research note on Monday. StockNews.com upgraded ITT from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Finally, KeyCorp reduced their target price on ITT from $170.00 to $150.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th.

ITT Stock Performance

Shares of NYSE:ITT traded up $1.15 during trading on Tuesday, reaching $127.93. 850,017 shares of the stock were exchanged, compared to its average volume of 433,999. ITT has a 12 month low of $105.64 and a 12 month high of $161.13. The stock has a 50-day moving average price of $134.22 and a 200-day moving average price of $143.82. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The firm has a market cap of $10.36 billion, a PE ratio of 20.31, a PEG ratio of 1.89 and a beta of 1.36.

ITT (NYSE:ITT - Get Free Report) last issued 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%. Research analysts expect that ITT will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 6th were issued a dividend of $0.351 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.10%. This is a boost from ITT's previous quarterly dividend of $0.32. ITT's payout ratio is 22.22%.

Institutional Trading of ITT

Several large investors have recently bought and sold shares of the business. Rialto Wealth Management LLC acquired a new position in ITT during the fourth quarter worth about $26,000. ORG Wealth Partners LLC acquired a new position in ITT during the 4th quarter worth approximately $30,000. Whipplewood Advisors LLC bought a new position in ITT in the 4th quarter valued at approximately $34,000. Quarry LP boosted its position in ITT by 101.6% in the fourth quarter. Quarry LP now owns 248 shares of the conglomerate's stock valued at $35,000 after buying an additional 125 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its stake in shares of ITT by 79.1% during the fourth quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate's stock worth $59,000 after buying an additional 182 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

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.