Zacks Research Has Strong Estimate for ITT FY2026 Earnings

ITT Inc. (NYSE:ITT) – Equities researchers at Zacks Research raised their FY2026 earnings estimates for shares of ITT in a research report issued on Tuesday, November 19th. Zacks Research analyst R. Department now expects that the conglomerate will post earnings per share of $7.04 for the year, up from their previous estimate of $7.01. The consensus estimate for ITT’s current full-year earnings is $5.84 per share.

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

A number of other analysts have also recently commented on ITT. TD Cowen boosted 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. The Goldman Sachs Group upped their price target on shares of ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. KeyCorp raised their price target on shares of ITT from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Stifel Nicolaus lifted their price objective on ITT from $157.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Robert W. Baird lowered their price objective on shares of ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $161.88.

ITT Trading Up 1.9 %

ITT opened at $158.48 on Friday. The stock has a market cap of $12.92 billion, a PE ratio of 27.04, a PEG ratio of 1.98 and a beta of 1.41. The business has a 50 day moving average of $148.28 and a 200-day moving average of $138.68. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a dividend of $0.319 per share. This represents a $1.28 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Friday, November 29th. ITT’s dividend payout ratio is presently 21.67%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Capital Performance Advisors LLP purchased a new position in ITT during the third quarter valued at approximately $26,000. Lynx Investment Advisory purchased a new position in shares of ITT during the 2nd quarter valued at $27,000. Resources Management Corp CT ADV bought a new position in ITT in the 3rd quarter worth $30,000. Headlands Technologies LLC purchased a new position in shares of ITT in the second quarter valued at about $32,000. Finally, UMB Bank n.a. boosted its stake in shares of ITT by 315.8% in 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 period. 91.59% of the stock is owned by hedge funds and other institutional investors.

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.