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

Shares of ITT Inc. (NYSE:ITT) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $168.38.

A number of research firms have weighed in on ITT. Citigroup reduced their price target on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research report on Monday, January 13th. StockNews.com raised ITT from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. KeyCorp upped their price target on ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Wolfe Research assumed coverage on ITT in a report on Wednesday, December 11th. They issued a “peer perform” rating for the company. Finally, Stifel Nicolaus cut their price objective on ITT from $180.00 to $179.00 and set a “buy” rating for the company in a report on Friday, January 24th.

ITT Price Performance

Shares of ITT opened at $134.93 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. The stock has a 50 day simple moving average of $143.70 and a 200 day simple moving average of $145.78. ITT has a 52-week low of $121.01 and a 52-week high of $161.13. The firm has a market capitalization of $10.98 billion, a PE ratio of 21.42, a P/E/G ratio of 1.89 and a beta of 1.42.

ITT (NYSE:ITT) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share 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%. Sell-side analysts predict that ITT will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be paid a $0.351 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from ITT’s previous quarterly dividend of $0.32. ITT’s dividend payout ratio is 22.22%.

Institutional Investors Weigh In On ITT

Large investors have recently added to or reduced their stakes in the business. Rialto Wealth Management LLC bought a new stake in ITT in the 4th quarter valued at $26,000. Resources Management Corp CT ADV bought a new stake in ITT in the 3rd quarter valued at $30,000. ORG Wealth Partners LLC bought a new stake in ITT in the 4th quarter valued at $30,000. Whipplewood Advisors LLC bought a new stake in ITT in the 4th quarter valued at $34,000. Finally, Quarry LP raised its stake in ITT by 101.6% in the 4th quarter. Quarry LP now owns 248 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 125 shares during the period. Institutional investors own 91.59% of the company’s stock.

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.