Zacks Research Weighs in on ITT’s FY2026 Earnings (NYSE:ITT)

ITT Inc. (NYSE:ITT) – Research analysts at Zacks Research boosted their FY2026 earnings 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 per share of $7.04 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.

Several other research firms also recently issued reports on ITT. TD Cowen raised their price target on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus raised their price target on shares of ITT from $157.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird lowered their target price on shares of ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted their target price 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. Finally, KeyCorp lifted their target price on shares of ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, ITT currently has an average rating of “Buy” and an average price target of $161.88.

ITT Price Performance

ITT stock opened at $155.46 on Friday. The company has a fifty day moving average price of $147.82 and a 200-day moving average price of $138.49. The company has a market capitalization of $12.67 billion, a P/E ratio of 26.53, a PEG ratio of 1.98 and a beta of 1.41. ITT has a 52-week low of $107.01 and a 52-week high of $156.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.58.

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

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 paid a $0.319 dividend. This represents a $1.28 annualized dividend and a yield of 0.82%. The ex-dividend date is Friday, November 29th. ITT’s dividend payout ratio (DPR) is currently 21.84%.

Institutional Investors Weigh In On ITT

Several hedge funds and other institutional investors have recently bought and sold shares of ITT. Capital Performance Advisors LLP bought a new stake in ITT in the third quarter valued at $26,000. Lynx Investment Advisory bought a new stake in ITT in the second quarter valued at $27,000. Resources Management Corp CT ADV bought a new stake in ITT in the third quarter valued at $30,000. Headlands Technologies LLC bought a new stake in ITT in the second quarter valued at $32,000. Finally, UMB Bank n.a. increased its stake in ITT by 315.8% in the third quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 180 shares in the last quarter. 91.59% of the stock is owned by 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.