ITT (NYSE:ITT) Given New $171.00 Price Target at Stifel Nicolaus

ITT (NYSE:ITT) had its target price upped by Stifel Nicolaus from $161.00 to $171.00 in a research note published on Friday,Benzinga reports. They currently have a buy rating on the conglomerate’s stock.

ITT has been the topic of several other research reports. UBS Group boosted their target price on shares of ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. StockNews.com raised shares of ITT from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. KeyCorp boosted their target price on shares of ITT from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Finally, Citigroup dropped their target price on shares of ITT from $181.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, ITT currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.29.

ITT Trading Up 1.9%

NYSE ITT opened at $152.99 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.08. The firm has a market cap of $12.04 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The company has a 50 day moving average price of $133.49 and a 200 day moving average price of $142.71. ITT has a 52 week low of $105.64 and a 52 week high of $161.13.

ITT (NYSE:ITT) last posted its quarterly earnings data on Thursday, May 1st. The conglomerate reported $1.45 EPS for the quarter, topping the consensus estimate of $1.44 by $0.01. The firm had revenue of $913.00 million during the quarter, compared to analyst estimates of $901.22 million. ITT had a net margin of 14.27% and a return on equity of 18.03%. ITT’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.42 EPS. As a group, sell-side analysts forecast that ITT will post 6.51 EPS for the current fiscal year.

ITT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be issued a $0.351 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Monday, June 2nd. ITT’s dividend payout ratio (DPR) is currently 22.26%.

Institutional Trading of ITT

Several large investors have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. boosted its holdings in shares of ITT by 0.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 11,486 shares of the conglomerate’s stock valued at $1,641,000 after acquiring an additional 81 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in ITT by 13.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 749 shares of the conglomerate’s stock worth $107,000 after buying an additional 87 shares in the last quarter. Stephens Inc. AR boosted its holdings in ITT by 4.8% during the first quarter. Stephens Inc. AR now owns 1,970 shares of the conglomerate’s stock worth $254,000 after buying an additional 90 shares in the last quarter. Prudent Man Advisors LLC boosted its holdings in ITT by 2.3% during the first quarter. Prudent Man Advisors LLC now owns 4,280 shares of the conglomerate’s stock worth $553,000 after buying an additional 98 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in ITT by 0.6% during the first quarter. Oregon Public Employees Retirement Fund now owns 16,643 shares of the conglomerate’s stock worth $2,150,000 after buying an additional 100 shares in the last quarter. 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.