ITT Inc. (NYSE:ITT) Given Consensus Recommendation of “Buy” by Analysts

Shares of ITT Inc. (NYSE:ITT) have earned an average rating of “Buy” from the nine brokerages that are covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have covered the stock in the last year is $157.78.

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. TD Cowen upped their price objective on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus increased their target price on shares of ITT from $157.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Robert W. Baird dropped their target price on shares of ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Finally, KeyCorp increased their price objective on shares of ITT from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, October 14th.

Hedge Funds Weigh In On ITT

A number of large investors have recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new position in shares of ITT in the third quarter valued at about $26,000. Lynx Investment Advisory bought a new position in ITT during the 2nd quarter worth $27,000. Resources Management Corp CT ADV bought a new stake in shares of ITT in the 3rd quarter valued at $30,000. Headlands Technologies LLC acquired a new stake in shares of ITT during the second quarter worth $32,000. Finally, UMB Bank n.a. boosted its stake in ITT by 315.8% during the third quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 180 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Stock Up 0.7 %

Shares of NYSE:ITT opened at $152.67 on Friday. The firm’s 50-day moving average is $146.09 and its two-hundred day moving average is $137.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.09. ITT has a 1 year low of $107.01 and a 1 year high of $155.52. The firm has a market capitalization of $12.44 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 1.99 and a beta of 1.41.

ITT (NYSE:ITT) last announced its quarterly earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. The firm had revenue of $885.20 million during the quarter, compared to the consensus estimate of $884.50 million. ITT had a return on equity of 17.98% and a net margin of 13.67%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.37 earnings per share. Analysts predict that ITT will post 5.84 EPS for the current year.

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a dividend of $0.319 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Friday, November 29th. ITT’s dividend payout ratio is 21.84%.

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.