Analysts Set ITT Inc. (NYSE:ITT) PT at $158.57

Shares of ITT Inc. (NYSE:ITT) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $158.57.

Several research firms recently weighed in on ITT. Stifel Nicolaus decreased their price objective on shares of ITT from $179.00 to $148.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Citigroup reduced their price target on ITT from $181.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. UBS Group upped their price target on shares of ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. StockNews.com raised shares of ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, KeyCorp lowered their price objective on shares of ITT from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th.

ITT Trading Up 0.9 %

Shares of ITT stock opened at $127.93 on Tuesday. ITT has a 1 year low of $105.64 and a 1 year high of $161.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96. The stock has a fifty day moving average price of $133.86 and a 200-day moving average price of $143.65. The firm has a market cap of $10.36 billion, a PE ratio of 20.31, a P/E/G ratio of 1.89 and a beta of 1.36.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.02. ITT had a return on equity of 18.03% and a net margin of 14.27%. Equities research analysts anticipate that ITT will post 6.51 EPS for the current 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 paid a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from ITT’s previous quarterly dividend of $0.32. ITT’s dividend payout ratio (DPR) is 22.22%.

Hedge Funds Weigh In On ITT

Institutional investors have recently bought and sold shares of the stock. Rialto Wealth Management LLC bought a new stake in ITT during the fourth quarter worth approximately $26,000. ORG Wealth Partners LLC bought a new stake in ITT during the 4th quarter valued at about $30,000. Whipplewood Advisors LLC bought a new position in ITT in the 4th quarter worth about $34,000. Quarry LP grew its stake in ITT by 101.6% in the 4th quarter. Quarry LP now owns 248 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 125 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of ITT by 79.1% during the fourth quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate’s stock worth $59,000 after acquiring an additional 182 shares during the period. 91.59% of the stock is owned by hedge funds and other 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.