ITT (NYSE:ITT) Given New $179.00 Price Target at Stifel Nicolaus

ITT (NYSE:ITT - Free Report) had its price target reduced by Stifel Nicolaus from $180.00 to $179.00 in a research note published on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the conglomerate's stock.

Other research analysts also recently issued reports about the stock. Citigroup decreased their target price on shares of ITT from $183.00 to $181.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Robert W. Baird cut their price objective on shares of ITT from $165.00 to $163.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. Wolfe Research started coverage on ITT in a research report on Wednesday, December 11th. They issued a "peer perform" rating on the stock. StockNews.com downgraded ITT from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, KeyCorp lifted their price target on ITT from $164.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $167.13.

ITT Trading Down 1.2 %

NYSE:ITT traded down $1.91 on Friday, reaching $151.30. The company's stock had a trading volume of 229,376 shares, compared to its average volume of 284,007. The business's 50-day moving average price is $149.38 and its two-hundred day moving average price is $143.97. The firm has a market cap of $12.33 billion, a PE ratio of 25.82, 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. ITT has a 1-year low of $118.58 and a 1-year 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 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.03. The company had revenue of $885.20 million during the quarter, compared to analysts' expectations of $884.50 million. ITT had a return on equity of 17.98% and a net margin of 13.67%. ITT's revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 EPS. Equities research analysts anticipate that ITT will post 5.84 earnings per share for the current fiscal year.

ITT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were given a $0.319 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.28 dividend on an annualized basis and a yield of 0.84%. ITT's payout ratio is 21.84%.

Institutional Trading of ITT

Institutional investors have recently modified their holdings of the company. Trust Point Inc. increased its holdings in ITT by 45.6% during the 4th quarter. Trust Point Inc. now owns 3,261 shares of the conglomerate's stock valued at $466,000 after purchasing an additional 1,022 shares in the last quarter. JB Capital LLC raised its holdings in shares of ITT by 7.8% in the fourth quarter. JB Capital LLC now owns 12,028 shares of the conglomerate's stock valued at $1,718,000 after buying an additional 873 shares during the last quarter. Crews Bank & Trust bought a new position in shares of ITT in the fourth quarter valued at about $229,000. R Squared Ltd acquired a new position in ITT during the 4th quarter worth about $309,000. Finally, Pacer Advisors Inc. grew its holdings in ITT by 17.8% during the 4th quarter. Pacer Advisors Inc. now owns 19,868 shares of the conglomerate's stock worth $2,839,000 after acquiring an additional 2,999 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

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.