ITT (NYSE:ITT) Sets New 1-Year Low - Time to Sell?

ITT Inc. (NYSE:ITT - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $120.98 and last traded at $122.22, with a volume of 202251 shares trading hands. The stock had previously closed at $133.44.

Analyst Upgrades and Downgrades

Several research analysts have commented on ITT shares. Stifel Nicolaus cut their target price on ITT from $180.00 to $179.00 and set a "buy" rating for the company in a research note on Friday, January 24th. KeyCorp reduced their price objective on shares of ITT from $170.00 to $150.00 and set an "overweight" rating for the company in a research note on Tuesday. Wolfe Research assumed coverage on shares of ITT in a report on Wednesday, December 11th. They set a "peer perform" rating on the stock. StockNews.com raised shares of ITT from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Finally, Citigroup decreased their price target on shares of ITT from $183.00 to $181.00 and set a "buy" rating on the stock in a report on Monday, January 13th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $167.43.

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ITT Price Performance

The company has a market capitalization of $9.16 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. 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's 50-day moving average is $137.88 and its 200-day moving average is $145.03.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 6th were issued a dividend of $0.351 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.25%. This is a positive change from ITT's previous quarterly dividend of $0.32. ITT's dividend payout ratio (DPR) is currently 22.22%.

Institutional Trading of ITT

Hedge funds have recently added to or reduced their stakes in the business. Rialto Wealth Management LLC bought a new stake in shares of ITT in the 4th quarter valued at about $26,000. Resources Management Corp CT ADV bought a new stake in ITT in the third quarter valued at approximately $30,000. ORG Wealth Partners LLC purchased a new stake in shares of ITT during the fourth quarter valued at approximately $30,000. Whipplewood Advisors LLC bought a new position in shares of ITT in the fourth quarter worth approximately $34,000. Finally, Quarry LP increased its stake in shares of ITT by 101.6% in the fourth quarter. Quarry LP now owns 248 shares of the conglomerate's stock worth $35,000 after buying an additional 125 shares during the period. 91.59% of the stock is owned by institutional investors.

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.