ITT Inc. (NYSE:ITT) Given Average Rating of “Buy” by Analysts
ITT Inc. (NYSE:ITT) has received a consensus rating of “Buy” from the thirteen analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $46.57.
ITT has been the subject of several research reports. BidaskClub raised ITT from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. ValuEngine raised ITT from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research raised ITT from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Tuesday. Goldman Sachs Group, Inc. (The) lowered ITT from a “buy” rating to a “neutral” rating and cut their target price for the stock from $46.00 to $43.00 in a research note on Tuesday, June 6th. Finally, Stifel Nicolaus upped their target price on ITT from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th.
Hedge funds have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of ITT by 3.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,378 shares of the conglomerate’s stock valued at $131,000 after buying an additional 120 shares during the last quarter. Timber Hill LLC acquired a new position in shares of ITT during the first quarter worth approximately $201,000. Coastline Trust Co acquired a new position in shares of ITT during the first quarter worth approximately $205,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of ITT during the first quarter worth approximately $214,000. Finally, Stephens Inc. AR acquired a new position in shares of ITT during the first quarter worth approximately $222,000. Hedge funds and other institutional investors own 92.60% of the company’s stock.
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ITT (NYSE ITT) traded up 0.29% on Friday, hitting $41.63. 278,214 shares of the stock were exchanged. ITT has a 52-week low of $31.08 and a 52-week high of $44.00. The firm has a market cap of $3.69 billion, a PE ratio of 19.18 and a beta of 1.47. The company has a 50-day moving average price of $40.04 and a 200-day moving average price of $40.57.
ITT (NYSE:ITT) last issued its quarterly earnings data on Monday, May 8th. The conglomerate reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.04. ITT had a return on equity of 14.65% and a net margin of 8.04%. The company had revenue of $625.80 million during the quarter, compared to analyst estimates of $607.08 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. ITT’s revenue was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that ITT will post $2.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Monday, June 12th were given a $0.128 dividend. The ex-dividend date was Thursday, June 8th. This represents a $0.51 annualized dividend and a yield of 1.23%. ITT’s payout ratio is currently 23.50%.
ITT Company Profile
ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Company’s product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment, and is a provider of plant optimization, solutions and aftermarket services and parts.
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