ITT Inc. (NYSE:ITT) Receives $167.13 Consensus Price Target from Brokerages

Shares of ITT Inc. (NYSE:ITT) have received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $167.13.

A number of research firms recently weighed in on ITT. KeyCorp lifted their price objective on shares of ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. TD Cowen lifted their target price on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Robert W. Baird cut their price target on shares of ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. The Goldman Sachs Group lifted their price objective on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Citigroup cut their target price on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Monday, January 13th.

Hedge Funds Weigh In On ITT

Several hedge funds have recently bought and sold shares of the company. Bank of Montreal Can increased its position in shares of ITT by 4.0% in the second quarter. Bank of Montreal Can now owns 20,246 shares of the conglomerate’s stock valued at $2,651,000 after buying an additional 780 shares in the last quarter. Squarepoint Ops LLC purchased a new position in ITT during the 2nd quarter valued at about $2,831,000. Algert Global LLC acquired a new position in ITT during the second quarter worth about $1,158,000. Creative Planning lifted its holdings in shares of ITT by 4.6% in the second quarter. Creative Planning now owns 14,029 shares of the conglomerate’s stock valued at $1,812,000 after purchasing an additional 615 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of ITT by 16.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,785 shares of the conglomerate’s stock valued at $230,000 after purchasing an additional 253 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Stock Up 0.5 %

ITT stock opened at $149.59 on Thursday. The stock has a market capitalization of $12.19 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 1.81 and a beta of 1.41. The company has a current ratio of 1.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average of $148.24 and a two-hundred day moving average of $144.77. ITT has a twelve month low of $118.58 and a twelve month high of $161.13.

About ITT

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.