ITT Inc. (NYSE:ITT) Receives $167.13 Consensus Target Price from Analysts

ITT Inc. (NYSE:ITT - Get Free Report) has earned an average rating of "Moderate Buy" from the nine analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $167.13.

ITT has been the subject of a number of research reports. Wolfe Research initiated coverage on shares of ITT in a report on Wednesday, December 11th. They issued a "peer perform" rating for the company. TD Cowen upped their target price on ITT from $150.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Citigroup decreased their price target on ITT from $183.00 to $181.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Stifel Nicolaus dropped their price target on shares of ITT from $180.00 to $179.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Finally, Robert W. Baird lowered their price objective on shares of ITT from $165.00 to $163.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th.

Hedge Funds Weigh In On ITT

A number of large investors have recently made changes to their positions in ITT. Capital Performance Advisors LLP acquired a new position in ITT in the 3rd quarter worth about $26,000. Resources Management Corp CT ADV acquired a new position in ITT in the third quarter worth approximately $30,000. ORG Wealth Partners LLC bought a new position in ITT during the fourth quarter valued at approximately $30,000. UMB Bank n.a. raised its position in ITT by 315.8% during the third quarter. UMB Bank n.a. now owns 237 shares of the conglomerate's stock valued at $35,000 after acquiring an additional 180 shares in the last quarter. Finally, Quent Capital LLC grew its position in ITT by 53.9% in the third quarter. Quent Capital LLC now owns 294 shares of the conglomerate's stock worth $44,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

ITT Stock Up 3.2 %

Shares of NYSE:ITT traded up $4.72 during trading on Thursday, hitting $151.89. The company's stock had a trading volume of 283,322 shares, compared to its average volume of 337,906. The company has a market capitalization of $12.38 billion, a PE ratio of 25.92, a PEG ratio of 1.84 and a beta of 1.41. 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 stock's 50-day moving average price is $149.00 and its two-hundred day moving average price is $144.40. ITT has a fifty-two week low of $118.58 and a fifty-two week high of $161.13.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $885.20 million for the quarter, compared to analysts' expectations of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 earnings per share. As a group, sell-side analysts expect that ITT will post 5.84 EPS for the current year.

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.