Zacks Research Weighs in on ITT’s Q4 Earnings (NYSE:ITT)

ITT Inc. (NYSE:ITT) – Equities researchers at Zacks Research dropped their Q4 2024 earnings per share (EPS) estimates for shares of ITT in a research report issued to clients and investors on Tuesday, November 19th. Zacks Research analyst R. Department now forecasts that the conglomerate will post earnings per share of $1.45 for the quarter, down from their prior forecast of $1.49. The consensus estimate for ITT’s current full-year earnings is $5.84 per share. Zacks Research also issued estimates for ITT’s Q4 2025 earnings at $1.62 EPS, FY2025 earnings at $6.32 EPS, Q1 2026 earnings at $1.57 EPS, Q2 2026 earnings at $1.67 EPS and Q3 2026 earnings at $1.78 EPS.

Several other research analysts also recently commented on ITT. Stifel Nicolaus lifted their price target on ITT from $157.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Robert W. Baird dropped their price target on ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. TD Cowen lifted their price target on ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, KeyCorp lifted their price objective on ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, ITT presently has a consensus rating of “Buy” and an average target price of $161.88.

ITT Stock Up 2.1 %

Shares of ITT stock opened at $155.46 on Thursday. The stock’s 50 day simple moving average is $147.82 and its 200 day simple moving average is $138.49. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.58. ITT has a twelve month low of $107.01 and a twelve month high of $156.00. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.98 and a beta of 1.41.

ITT (NYSE:ITT) last issued its quarterly earnings data on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. ITT had a return on equity of 17.98% and a net margin of 13.67%. The business had revenue of $885.20 million for the quarter, compared to the consensus estimate of $884.50 million. During the same period last year, the business earned $1.37 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year.

Institutional Trading of ITT

Several institutional investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new position in ITT in the third quarter worth $26,000. Lynx Investment Advisory acquired a new position in ITT in the second quarter worth $27,000. Resources Management Corp CT ADV bought a new stake in shares of ITT during the third quarter worth $30,000. Headlands Technologies LLC bought a new stake in shares of ITT during the second quarter worth $32,000. Finally, UMB Bank n.a. raised its position in shares of ITT by 315.8% during the third quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a $0.319 dividend. This represents a $1.28 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Friday, November 29th. ITT’s dividend payout ratio is 21.84%.

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.