ITT Inc. (NYSE:ITT) Receives Average Rating of "Moderate Buy" from Brokerages

ITT Inc. (NYSE:ITT - Get Free Report) has earned an average rating of "Moderate Buy" from the nine ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $166.75.

A number of research firms have issued reports on ITT. Robert W. Baird cut their price target on ITT from $165.00 to $163.00 and set an "outperform" rating on the stock in a report on Wednesday, October 30th. Wolfe Research assumed coverage on shares of ITT in a research note on Wednesday, December 11th. They set a "peer perform" rating on the stock. KeyCorp lifted their price target on shares of ITT from $155.00 to $164.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Stifel Nicolaus increased their price objective on shares of ITT from $171.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Finally, TD Cowen boosted their target price on ITT from $150.00 to $165.00 and gave the company a "buy" rating in a research report on Thursday, October 31st.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ITT. Select Equity Group L.P. raised its position in ITT by 11.7% in the 2nd quarter. Select Equity Group L.P. now owns 3,340,392 shares of the conglomerate's stock valued at $431,512,000 after buying an additional 351,206 shares during the last quarter. State Street Corp grew its stake in shares of ITT by 1.1% in the 3rd quarter. State Street Corp now owns 2,437,674 shares of the conglomerate's stock worth $364,457,000 after acquiring an additional 26,133 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 valued at $204,736,000 after purchasing an additional 8,223 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of ITT by 5.6% during the second quarter. Dimensional Fund Advisors LP now owns 954,809 shares of the conglomerate's stock valued at $123,338,000 after purchasing an additional 50,329 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in ITT by 4.3% during the third quarter. Westfield Capital Management Co. LP now owns 669,519 shares of the conglomerate's stock worth $100,100,000 after purchasing an additional 27,885 shares during the last quarter. Institutional investors own 91.59% of the company's stock.

ITT Trading Up 0.7 %

NYSE ITT traded up $0.97 during mid-day trading on Friday, reaching $142.79. 257,506 shares of the stock were exchanged, compared to its average volume of 250,303. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.09. The stock has a market cap of $11.64 billion, a P/E ratio of 24.37, a P/E/G ratio of 1.95 and a beta of 1.41. The stock has a 50 day simple moving average of $149.82 and a 200-day simple moving average of $142.21. ITT has a one year low of $113.76 and a one year high of $161.13.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.03. ITT had a return on equity of 17.98% and a net margin of 13.67%. The firm had revenue of $885.20 million during the quarter, compared to analyst estimates of $884.50 million. During the same period last year, the company posted $1.37 EPS. The business's quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts anticipate that ITT will post 5.84 EPS for the current year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were issued a dividend of $0.319 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Friday, November 29th. ITT's dividend payout ratio is currently 21.67%.

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.