Zacks Research Has Optimistic Outlook of ITT FY2026 Earnings

ITT Inc. (NYSE:ITT) – Zacks Research boosted their FY2026 earnings per share (EPS) estimates for ITT in a research note issued on Tuesday, November 19th. Zacks Research analyst R. Department now anticipates that the conglomerate will earn $7.04 per share for the year, up from their prior forecast of $7.01. The consensus estimate for ITT’s current full-year earnings is $5.84 per share.

ITT (NYSE:ITT) last posted its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. The company had revenue of $885.20 million during the quarter, compared to analysts’ expectations of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. ITT’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 earnings per share.

A number of other brokerages have also recently commented on ITT. 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. KeyCorp upped their price objective on shares of ITT from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Robert W. Baird decreased their target price on shares of ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a research 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 research note on Thursday, October 10th. Finally, Stifel Nicolaus lifted their price target on ITT from $157.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, ITT currently has a consensus rating of “Buy” and an average price target of $161.88.

ITT Stock Performance

Shares of ITT stock opened at $158.38 on Friday. The company has a 50 day moving average price of $148.28 and a 200 day moving average price of $138.71. The firm has a market capitalization of $12.91 billion, a P/E ratio of 27.03, a PEG ratio of 2.02 and a beta of 1.41. ITT has a 52 week low of $107.01 and a 52 week high of $158.56. The company has a quick ratio of 1.09, a current ratio of 1.58 and a debt-to-equity ratio of 0.17.

ITT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a dividend of $0.319 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.28 annualized dividend and a yield of 0.81%. ITT’s dividend payout ratio (DPR) is currently 21.84%.

Institutional Investors Weigh In On ITT

Large investors have recently made changes to their positions in the stock. M&T Bank Corp raised its holdings in ITT by 1.3% during the third quarter. M&T Bank Corp now owns 5,334 shares of the conglomerate’s stock worth $797,000 after purchasing an additional 69 shares in the last quarter. Eagle Bluffs Wealth Management LLC boosted its position in shares of ITT by 0.4% in the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 18,973 shares of the conglomerate’s stock valued at $2,457,000 after purchasing an additional 82 shares during the period. CIBC Asset Management Inc increased its position in ITT by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,409 shares of the conglomerate’s stock worth $360,000 after buying an additional 87 shares during the period. Round Rock Advisors LLC boosted its holdings in shares of ITT by 0.4% in the third quarter. Round Rock Advisors LLC now owns 20,319 shares of the conglomerate’s stock valued at $3,038,000 after acquiring an additional 90 shares during the period. Finally, Tectonic Advisors LLC increased its holdings in shares of ITT by 3.3% in the 3rd quarter. Tectonic Advisors LLC now owns 2,925 shares of the conglomerate’s stock valued at $437,000 after acquiring an additional 93 shares during the period. 91.59% of the stock is currently 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.