Zacks Research Has Bullish Estimate for ITT FY2026 Earnings

ITT Inc. (NYSE:ITT) – Analysts at Zacks Research increased their FY2026 EPS estimates for shares of ITT in a report released on Thursday, September 10th. Zacks Research analyst Team now expects that the conglomerate will post earnings of $8.28 per share for the year, up from their prior estimate of $8.27. The consensus estimate for ITT’s current full-year earnings is $8.25 per share. Zacks Research also issued estimates for ITT’s Q3 2027 earnings at $2.44 EPS, Q4 2027 earnings at $2.39 EPS, FY2027 earnings at $9.10 EPS and FY2028 earnings at $10.55 EPS.

ITT has been the topic of a number of other reports. Weiss Ratings upgraded shares of ITT from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 4th. BMO Capital Markets reiterated an “outperform” rating and issued a $273.00 price target on shares of ITT in a research report on Friday, August 7th. DA Davidson boosted their price objective on ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Wolfe Research raised shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price objective for the company in a research note on Thursday, July 9th. Finally, Citigroup raised their target price on shares of ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.82.

ITT Stock Down 0.9%

Shares of ITT stock opened at $196.42 on Friday. ITT has a 1 year low of $166.96 and a 1 year high of $230.32. The stock has a market cap of $17.56 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 1.62 and a beta of 1.27. The business’s fifty day moving average is $201.33 and its 200-day moving average is $199.51. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26.

ITT (NYSE:ITT) last announced its earnings results on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, topping the consensus estimate of $1.92 by $0.16. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.The firm’s quarterly revenue was up 51.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS.

Hedge Funds Weigh In On ITT

A number of hedge funds have recently added to or reduced their stakes in ITT. Sequoia Financial Advisors LLC boosted its holdings in ITT by 17.1% in the second quarter. Sequoia Financial Advisors LLC now owns 44,405 shares of the conglomerate’s stock worth $8,782,000 after purchasing an additional 6,500 shares in the last quarter. Engineers Gate Manager LP increased its position in ITT by 19.3% during the second quarter. Engineers Gate Manager LP now owns 385,727 shares of the conglomerate’s stock worth $76,281,000 after buying an additional 62,371 shares during the last quarter. NewEdge Advisors LLC raised its holdings in ITT by 110.1% during the second quarter. NewEdge Advisors LLC now owns 4,020 shares of the conglomerate’s stock valued at $795,000 after buying an additional 2,107 shares in the last quarter. Arizona State Retirement System lifted its position in shares of ITT by 4.4% in the second quarter. Arizona State Retirement System now owns 24,669 shares of the conglomerate’s stock worth $4,879,000 after buying an additional 1,029 shares during the last quarter. Finally, Nykredit A S acquired a new stake in shares of ITT in the second quarter worth about $689,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Transactions at ITT

In other ITT news, CAO Graziano De sold 700 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $214.54, for a total value of $150,178.00. Following the transaction, the chief accounting officer directly owned 7,159 shares of the company’s stock, valued at $1,535,891.86. This represents a 8.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Luca Savi purchased 5,019 shares of ITT stock in a transaction dated Monday, August 31st. The shares were purchased at an average price of $199.56 per share, with a total value of $1,001,591.64. Following the completion of the acquisition, the chief executive officer owned 267,373 shares in the company, valued at $53,356,955.88. The trade was a 1.91% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.88% of the stock is owned by corporate insiders.

ITT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 8th. ITT’s payout ratio is 30.20%.

About ITT

ITT Inc is a diversified industrial manufacturer that develops and produces highly engineered components and systems for transportation, energy, industrial, aerospace and defense, and other specialized markets. The company serves original equipment manufacturers, distributors and aftermarket customers through a portfolio of mission-critical products designed to support safety, efficiency and reliability.

ITT operates through three primary business segments. Motion Technologies supplies brake pads, friction materials, shock absorbers, dampers and related components for automotive and rail applications.