Shares of ITT Inc. (NYSE:ITT – Get Free Report) have earned an average rating of “Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $155.25.
ITT has been the topic of several research analyst reports. KeyCorp lifted their price objective on ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. TD Cowen increased their price objective on shares of ITT from $125.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 15th. Stifel Nicolaus boosted their target price on ITT from $157.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group increased their price target on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a report on Thursday, October 10th.
Get Our Latest Stock Analysis on ITT
Institutional Inflows and Outflows
ITT Price Performance
NYSE:ITT opened at $147.64 on Tuesday. The firm’s fifty day moving average is $141.09 and its two-hundred day moving average is $135.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.55. The firm has a market cap of $12.15 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 2.01 and a beta of 1.40. ITT has a one year low of $91.94 and a one year high of $153.99.
ITT (NYSE:ITT – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The conglomerate reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The business had revenue of $905.90 million during the quarter, compared to the consensus estimate of $916.38 million. ITT had a net margin of 12.47% and a return on equity of 18.30%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 earnings per share. Research analysts expect that ITT will post 5.84 EPS for the current year.
ITT Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd were given a $0.319 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 0.86%. ITT’s dividend payout ratio is currently 24.90%.
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.
Read More
- Five stocks we like better than ITT
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Analysts Predict New Highs for Cybersecurity Stock by Christmas
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Nuclear Power Reaches Critical Mass: Top Stocks to Watch Now
- 10 Best Airline Stocks to Buy
- 2 Energy Stocks Surging on Billion-Dollar DOE Loan Commitments
Receive News & Ratings for ITT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITT and related companies with MarketBeat.com's FREE daily email newsletter.