ITT Inc. (NYSE:ITT) Receives Consensus Recommendation of “Buy” from Analysts

ITT Inc. (NYSE:ITT) has received a consensus rating of “Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have covered the stock in the last year is $144.88.

Several brokerages have commented on ITT. DA Davidson raised their price target on shares of ITT from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. Citigroup raised their price objective on shares of ITT from $139.00 to $157.00 and gave the company a “buy” rating in a research note on Monday, April 8th. TD Cowen raised their price objective on shares of ITT from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday. Stifel Nicolaus raised their price objective on shares of ITT from $150.00 to $157.00 and gave the company a “buy” rating in a research note on Thursday. Finally, UBS Group raised their price objective on shares of ITT from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Lynx Investment Advisory acquired a new position in ITT in the 2nd quarter worth approximately $27,000. Rise Advisors LLC boosted its stake in ITT by 788.5% in the 1st quarter. Rise Advisors LLC now owns 231 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 205 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in ITT by 71.4% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 348 shares of the conglomerate’s stock worth $45,000 after purchasing an additional 145 shares during the period. AdvisorNet Financial Inc boosted its stake in ITT by 101.0% in the 4th quarter. AdvisorNet Financial Inc now owns 406 shares of the conglomerate’s stock worth $48,000 after purchasing an additional 204 shares during the period. Finally, Blue Trust Inc. boosted its stake in ITT by 38.7% in the 2nd quarter. Blue Trust Inc. now owns 423 shares of the conglomerate’s stock worth $58,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Price Performance

Shares of NYSE:ITT opened at $138.35 on Friday. The firm’s 50 day moving average is $132.15 and its two-hundred day moving average is $128.10. ITT has a 52 week low of $91.94 and a 52 week high of $144.03. The firm has a market capitalization of $11.39 billion, a P/E ratio of 27.13, a PEG ratio of 1.85 and a beta of 1.41. The company has a current ratio of 1.59, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, May 2nd. The conglomerate reported $1.42 EPS for the quarter, beating the consensus estimate of $1.36 by $0.06. ITT had a net margin of 12.41% and a return on equity of 18.21%. The company had revenue of $910.60 million for the quarter, compared to analyst estimates of $883.21 million. During the same quarter last year, the business earned $1.17 earnings per share. ITT’s revenue was up 14.1% compared to the same quarter last year. Analysts anticipate that ITT will post 5.86 earnings per share for the current year.

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were given a $0.319 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.28 annualized dividend and a yield of 0.92%. ITT’s dividend payout ratio (DPR) is 25.10%.

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.