Shares of ITT Inc. (NYSE:ITT) have earned a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the stock. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $45.14.

A number of brokerages recently commented on ITT. CIBC raised ITT from a “market perform” rating to an “outperform” rating in a research note on Thursday. Oppenheimer Holdings, Inc. raised ITT from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research note on Thursday. Aegis began coverage on ITT in a research note on Friday, December 2nd. They set a “buy” rating and a $47.00 price objective for the company. Stifel Nicolaus lifted their price objective on ITT from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Barclays PLC reaffirmed a “buy” rating and set a $49.00 price objective on shares of ITT in a research note on Wednesday, January 18th.

Shares of ITT (NYSE:ITT) opened at 43.15 on Friday. ITT has a 1-year low of $30.06 and a 1-year high of $44.00. The stock has a market capitalization of $3.81 billion, a P/E ratio of 20.88 and a beta of 1.39. The stock’s 50 day moving average price is $41.21 and its 200-day moving average price is $37.69.

ITT (NYSE:ITT) last announced its quarterly earnings data on Tuesday, February 14th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. ITT had a return on equity of 15.41% and a net margin of 7.93%. The business earned $588 million during the quarter, compared to analysts’ expectations of $551.89 million. During the same period in the previous year, the firm earned $0.58 earnings per share. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. Equities research analysts anticipate that ITT will post $2.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Monday, March 13th will be paid a $0.128 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 1.19%. This is a boost from ITT’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, March 9th. ITT’s payout ratio is presently 22.94%.

In other ITT news, insider Aris C. Chicles sold 30,570 shares of the business’s stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $41.02, for a total value of $1,253,981.40. Following the completion of the transaction, the insider now directly owns 70,470 shares of the company’s stock, valued at $2,890,679.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in ITT by 16.1% in the third quarter. JPMorgan Chase & Co. now owns 305,795 shares of the company’s stock worth $10,960,000 after buying an additional 42,393 shares during the last quarter. Quantbot Technologies LP acquired a new position in ITT during the third quarter worth about $159,000. Albert D Mason Inc. boosted its position in ITT by 68.1% in the third quarter. Albert D Mason Inc. now owns 85,572 shares of the company’s stock worth $3,067,000 after buying an additional 34,663 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its position in ITT by 1.5% in the third quarter. Punch & Associates Investment Management Inc. now owns 48,145 shares of the company’s stock worth $1,726,000 after buying an additional 691 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in ITT by 1.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,663,489 shares of the company’s stock worth $95,459,000 after buying an additional 47,330 shares during the last quarter. 91.15% of the stock is owned by hedge funds and other institutional investors.

This news story was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this news story on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at http://www.dailypolitical.com/2017/02/17/itt-inc-itt-receives-consensus-recommendation-of-buy-from-analysts.html.

About ITT

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.

5 Day Chart for NYSE:ITT

Receive News & Ratings for ITT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.