Shares of ITT Inc. (NYSE:ITT) have been assigned a consensus rating of “Buy” from the seventeen ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $50.38.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research cut ITT from a “buy” rating to a “hold” rating in a report on Monday. ValuEngine upgraded ITT from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Seaport Global Securities reissued a “buy” rating on shares of ITT in a research note on Monday, November 6th. KeyCorp reissued a “buy” rating on shares of ITT in a research note on Friday, November 3rd. Finally, Robert W. Baird reissued an “outperform” rating and issued a $60.00 target price (up previously from $51.00) on shares of ITT in a research note on Thursday, November 2nd.

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In other ITT news, insider Denise L. Ramos sold 161,100 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $50.14, for a total transaction of $8,077,554.00. Following the completion of the transaction, the insider now owns 283,032 shares of the company’s stock, valued at approximately $14,191,224.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steven C. Giuliano sold 5,860 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $50.94, for a total value of $298,508.40. The disclosure for this sale can be found here. In the last three months, insiders sold 176,960 shares of company stock valued at $8,845,462. 1.20% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in ITT by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 8,014,284 shares of the conglomerate’s stock valued at $322,014,000 after purchasing an additional 74,138 shares during the last quarter. Janus Henderson Group PLC raised its position in ITT by 2.7% during the 3rd quarter. Janus Henderson Group PLC now owns 3,132,953 shares of the conglomerate’s stock valued at $138,696,000 after purchasing an additional 80,975 shares during the last quarter. FMR LLC raised its position in ITT by 12.7% during the 2nd quarter. FMR LLC now owns 2,844,070 shares of the conglomerate’s stock valued at $114,274,000 after purchasing an additional 319,880 shares during the last quarter. Macquarie Group Ltd. raised its position in ITT by 18.5% during the 3rd quarter. Macquarie Group Ltd. now owns 2,615,074 shares of the conglomerate’s stock valued at $115,769,000 after purchasing an additional 407,746 shares during the last quarter. Finally, State Street Corp raised its position in ITT by 1.2% during the 2nd quarter. State Street Corp now owns 2,331,009 shares of the conglomerate’s stock valued at $93,659,000 after purchasing an additional 26,802 shares during the last quarter. 93.36% of the stock is owned by institutional investors and hedge funds.

ITT (NYSE:ITT) traded up $0.05 during trading on Thursday, reaching $52.09. The company had a trading volume of 370,500 shares, compared to its average volume of 580,960. ITT has a twelve month low of $36.93 and a twelve month high of $53.00. The stock has a market capitalization of $4,579.52, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.65 and a beta of 1.53.

ITT (NYSE:ITT) last posted its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. ITT had a return on equity of 14.12% and a net margin of 8.29%. The firm had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $605.06 million. During the same period in the prior year, the business earned $0.58 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. equities analysts anticipate that ITT will post 2.53 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a $0.128 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, December 7th. ITT’s dividend payout ratio (DPR) is presently 21.89%.

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.

Analyst Recommendations for ITT (NYSE:ITT)

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