Zacks Research Issues Pessimistic Outlook for ITT Earnings

ITT Inc. (NYSE:ITT) – Analysts at Zacks Research reduced their Q4 2024 EPS estimates for ITT in a research report issued to clients and investors on Tuesday, November 19th. Zacks Research analyst R. Department now anticipates that the conglomerate will post earnings of $1.45 per share for the quarter, down from their previous 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.

ITT (NYSE:ITT) last announced its quarterly 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 business had revenue of $885.20 million for the quarter, compared to analyst estimates of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. ITT’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 EPS.

ITT has been the topic of a number of other reports. TD Cowen upped their price objective on ITT from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus increased their price objective on shares of ITT from $157.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird reduced their target price on ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group boosted their target price on ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, 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 note on Monday, October 14th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $161.88.

ITT Price Performance

ITT stock opened at $158.48 on Thursday. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.98 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. ITT has a 12 month low of $107.01 and a 12 month high of $158.56. The stock’s 50 day moving average is $148.28 and its 200-day moving average is $138.68.

Institutional Investors Weigh In On ITT

A number of hedge funds have recently added to or reduced their stakes in the business. Select Equity Group L.P. grew its stake in shares of ITT by 11.7% in the 2nd quarter. Select Equity Group L.P. now owns 3,340,392 shares of the conglomerate’s stock valued at $431,512,000 after buying an additional 351,206 shares during the period. State Street Corp boosted its holdings in ITT by 1.1% in the third quarter. State Street Corp now owns 2,437,674 shares of the conglomerate’s stock worth $364,457,000 after acquiring an additional 26,133 shares in the last quarter. Geode Capital Management LLC grew its stake in ITT by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,369,021 shares of the conglomerate’s stock valued at $204,736,000 after acquiring an additional 8,223 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of ITT by 5.6% during the second quarter. Dimensional Fund Advisors LP now owns 954,809 shares of the conglomerate’s stock valued at $123,338,000 after acquiring an additional 50,329 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of ITT by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 828,000 shares of the conglomerate’s stock worth $106,961,000 after purchasing an additional 3,370 shares during the period. 91.59% of the stock is currently owned by institutional investors.

ITT Dividend Announcement

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

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.