Zacks Research Issues Optimistic Forecast for ITT Earnings

ITT Inc. (NYSE:ITT) – Research analysts at Zacks Research raised their Q2 2026 earnings per share (EPS) estimates for shares of ITT in a report issued on Tuesday, July 1st. Zacks Research analyst R. Department now expects that the conglomerate will earn $1.65 per share for the quarter, up from their previous forecast of $1.64. The consensus estimate for ITT’s current full-year earnings is $6.51 per share. Zacks Research also issued estimates for ITT’s Q1 2027 earnings at $1.81 EPS.

Several other brokerages also recently weighed in on ITT. Stifel Nicolaus upped their target price on shares of ITT from $161.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, May 16th. KeyCorp upped their target price on shares of ITT from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. The Goldman Sachs Group upped their target price on shares of ITT from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Monday, May 19th. Bank of America upped their target price on shares of ITT from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, May 21st. Finally, Citigroup dropped their target price on shares of ITT from $181.00 to $150.00 and set a “buy” rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, ITT presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.50.

ITT Price Performance

NYSE:ITT opened at $161.39 on Friday. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 2.11 and a beta of 1.35. ITT has a one year low of $105.64 and a one year high of $161.53. The business has a fifty day moving average price of $150.10 and a 200-day moving average price of $142.75.

ITT (NYSE:ITT) last posted its quarterly earnings data on Thursday, May 1st. The conglomerate reported $1.45 EPS for the quarter, topping the consensus estimate of $1.44 by $0.01. The firm had revenue of $913.00 million during the quarter, compared to analyst estimates of $901.22 million. ITT had a return on equity of 17.75% and a net margin of 14.19%. ITT’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 EPS.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its position in ITT by 291.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate’s stock worth $59,000 after purchasing an additional 309 shares during the period. Jones Financial Companies Lllp increased its position in shares of ITT by 63.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,006 shares of the conglomerate’s stock worth $144,000 after acquiring an additional 390 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of ITT by 99.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,191 shares of the conglomerate’s stock worth $313,000 after acquiring an additional 1,092 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of ITT by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 517,307 shares of the conglomerate’s stock worth $73,913,000 after acquiring an additional 3,424 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in ITT during the fourth quarter valued at approximately $19,345,000. Institutional investors own 91.59% of the company’s stock.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Monday, June 2nd. ITT’s dividend payout ratio (DPR) is presently 22.26%.

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.