ITT Inc (NYSE:ITT) has earned an average rating of “Buy” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $66.38.

A number of equities research analysts have recently weighed in on ITT shares. Robert W. Baird lifted their price objective on ITT from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Oppenheimer lowered their target price on ITT from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Sunday, May 3rd. Stifel Nicolaus lowered their target price on ITT from $84.00 to $52.00 in a report on Sunday, April 19th. DA Davidson restated a “buy” rating and set a $70.00 target price (down from $85.00) on shares of ITT in a report on Friday, March 27th. Finally, TheStreet upgraded ITT from a “c+” rating to a “b-” rating in a report on Tuesday, June 2nd.

Shares of ITT stock traded up $0.61 during trading on Tuesday, hitting $57.67. 436,938 shares of the stock traded hands, compared to its average volume of 698,791. The firm has a market capitalization of $4.98 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 3.28 and a beta of 1.60. The firm’s fifty day moving average price is $56.55 and its 200-day moving average price is $59.17. ITT has a 52-week low of $35.41 and a 52-week high of $75.56.

ITT (NYSE:ITT) last released its quarterly earnings results on Friday, May 1st. The conglomerate reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.06. ITT had a net margin of 12.03% and a return on equity of 16.26%. The firm had revenue of $663.30 million for the quarter, compared to analyst estimates of $631.89 million. During the same quarter in the previous year, the company earned $0.91 EPS. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, equities analysts forecast that ITT will post 2.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 15th will be paid a $0.169 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Friday, June 12th. ITT’s payout ratio is presently 17.85%.

In other ITT news, insider Farrokh Batliwala sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $65.00, for a total value of $162,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Orlando D. Ashford sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $63.09, for a total transaction of $252,360.00. Following the transaction, the director now owns 18,277 shares in the company, valued at $1,153,095.93. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of ITT by 2.9% in the first quarter. State Street Corp now owns 2,161,391 shares of the conglomerate’s stock valued at $98,393,000 after acquiring an additional 61,753 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in shares of ITT by 38.4% during the 1st quarter. New Mexico Educational Retirement Board now owns 20,900 shares of the conglomerate’s stock worth $948,000 after buying an additional 5,800 shares in the last quarter. State of Tennessee Treasury Department lifted its holdings in shares of ITT by 10.3% in the 1st quarter. State of Tennessee Treasury Department now owns 37,881 shares of the conglomerate’s stock valued at $1,718,000 after buying an additional 3,542 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of ITT by 2.1% in the first quarter. The Manufacturers Life Insurance Company now owns 125,607 shares of the conglomerate’s stock valued at $5,698,000 after buying an additional 2,595 shares in the last quarter. Finally, Twinbeech Capital LP acquired a new position in ITT during the first quarter worth $409,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

ITT Company Profile

ITT Inc manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company operates in three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. The Motion Technologies segment manufactures braking pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, light- and heavy-duty commercial and military vehicles, buses, and rail.

Read More: What are the most popular ETFs

Analyst Recommendations for ITT (NYSE:ITT)

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.