Analysts Set ITT Inc. (NYSE:ITT) PT at $234.75

ITT Inc. (NYSE:ITT) has been given an average rating of “Moderate Buy” by the twelve research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $234.75.

Several equities analysts have recently weighed in on the company. Citigroup increased their price target on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a report on Thursday, May 7th. KeyCorp upped their price objective on ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. DA Davidson increased their target price on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a report on Monday, May 11th. Stifel Nicolaus raised their target price on ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Finally, Robert W. Baird set a $246.00 price target on ITT in a research note on Thursday, May 7th.

ITT Stock Performance

Shares of ITT stock opened at $204.08 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71. The company has a 50 day moving average price of $193.37 and a 200-day moving average price of $196.68. ITT has a 52 week low of $163.30 and a 52 week high of $225.26. The firm has a market capitalization of $18.24 billion, a PE ratio of 35.99, a P/E/G ratio of 1.93 and a beta of 1.27.

ITT (NYSE:ITT) last issued its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. ITT had a net margin of 10.80% and a return on equity of 16.83%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the firm earned $1.45 earnings per share. The firm’s revenue for the quarter was up 32.7% compared to the same quarter last year. As a group, equities research analysts expect that ITT will post 7.89 earnings per share for the current year.

Insider Buying and Selling at ITT

In related news, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $208.27, for a total value of $1,483,507.21. Following the transaction, the insider owned 8,729 shares of the company’s stock, valued at approximately $1,817,988.83. This trade represents a 44.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.88% of the stock is owned by company insiders.

Institutional Trading of ITT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Andina Capital Management LLC lifted its holdings in shares of ITT by 1.6% during the fourth quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock worth $549,000 after purchasing an additional 49 shares during the period. Kestra Private Wealth Services LLC increased its holdings in ITT by 2.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock worth $370,000 after buying an additional 52 shares during the period. Whittier Trust Co. raised its position in ITT by 5.1% during the 1st quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock worth $207,000 after buying an additional 52 shares during the last quarter. Toronto Dominion Bank lifted its stake in ITT by 2.2% during the 4th quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock valued at $430,000 after acquiring an additional 53 shares during the period. Finally, Stephens Inc. AR lifted its stake in ITT by 3.8% during the 4th quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock valued at $287,000 after acquiring an additional 60 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

About ITT

ITT Inc is a diversified industrial manufacturing company that designs, manufactures and services mission-critical components and systems for global markets. Its engineered solutions support applications in aerospace, defense, transportation, energy and industrial automation. The company focuses on delivering high-performance products that enable reliable fluid handling, precision motion control and robust connectivity in demanding environments.

The company’s operations are organized into three segments: Motion Technologies, which provides precision components and aftermarket repair services for aircraft engines and industrial turbines; Connect & Control Technologies, which offers specialty valves, couplings, seals and proximity sensors for fuel, hydraulics and environmental control systems; and Fluid & Motion Control, which delivers pumps, heat exchangers and fluid management solutions for oil and gas, chemical processing and power generation.