Zacks Research Has Pessimistic View of ITT FY2028 Earnings

ITT Inc. (NYSE:ITT) – Stock analysts at Zacks Research lowered their FY2028 earnings per share (EPS) estimates for shares of ITT in a research note issued to investors on Monday, June 22nd. Zacks Research analyst Team now expects that the conglomerate will post earnings per share of $10.57 for the year, down from their prior estimate of $10.59. The consensus estimate for ITT’s current full-year earnings is $7.91 per share.

ITT (NYSE:ITT) last released its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, beating the consensus estimate of $1.77 by $0.21. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The business’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same period last year, the firm earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS.

Several other analysts have also recently weighed in on ITT. DA Davidson boosted their price objective on ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, May 11th. The Goldman Sachs Group initiated coverage on shares of ITT in a research note on Tuesday, March 31st. They issued a “buy” rating and a $270.00 target price on the stock. Barclays lifted their price target on shares of ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded shares of ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings lowered shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $234.91.

ITT Trading Down 2.4%

Shares of ITT opened at $194.39 on Wednesday. The stock’s fifty day simple moving average is $202.38 and its 200-day simple moving average is $193.02. The firm has a market capitalization of $17.38 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 1.87 and a beta of 1.27. ITT has a 12-month low of $152.57 and a 12-month high of $225.26. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71.

Hedge Funds Weigh In On ITT

Institutional investors and hedge funds have recently made changes to their positions in the company. Elyxium Wealth LLC acquired a new stake in ITT during the 4th quarter worth $29,000. Bayban bought a new position in ITT during the fourth quarter worth about $31,000. Parkside Financial Bank & Trust grew its stake in ITT by 62.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 76 shares during the period. Triumph Capital Management bought a new stake in shares of ITT in the third quarter worth about $37,000. Finally, Entrust Financial LLC bought a new stake in shares of ITT in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Activity at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $208.41, for a total value of $41,682.00. Following the sale, the chief accounting officer directly owned 7,859 shares in the company, valued at approximately $1,637,894.19. This trade represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lori B. Marino sold 7,123 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the completion of the sale, the insider owned 8,729 shares in the company, valued at approximately $1,817,988.83. This trade represents a 44.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is owned by company insiders.

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 8th will be paid a dividend of $0.386 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is presently 27.16%.

About ITT

ITT Inc is a diversified industrial manufacturing company that designs, manufactures and services mission-critical components and systems for global markets. Its engineered solutions support applications in aerospace, defense, transportation, energy and industrial automation. The company focuses on delivering high-performance products that enable reliable fluid handling, precision motion control and robust connectivity in demanding environments.

The company’s operations are organized into three segments: Motion Technologies, which provides precision components and aftermarket repair services for aircraft engines and industrial turbines; Connect & Control Technologies, which offers specialty valves, couplings, seals and proximity sensors for fuel, hydraulics and environmental control systems; and Fluid & Motion Control, which delivers pumps, heat exchangers and fluid management solutions for oil and gas, chemical processing and power generation.