What is Zacks Research’s Estimate for ITT FY2026 Earnings?

ITT Inc. (NYSE:ITT) – Equities research analysts at Zacks Research upped their FY2026 EPS estimates for shares of ITT in a research report issued on Tuesday, November 19th. Zacks Research analyst R. Department now anticipates that the conglomerate will post earnings of $7.04 per share for the year, up from their prior estimate of $7.01. The consensus estimate for ITT’s current full-year earnings is $5.84 per share.

ITT (NYSE:ITT) last issued its quarterly earnings data 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 return on equity of 17.98% and a net margin of 13.67%. The firm had revenue of $885.20 million during 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 business’s quarterly revenue was up 7.7% compared to the same quarter last year.

Other research analysts also recently issued reports about the company. KeyCorp increased their target price on ITT from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. The Goldman Sachs Group increased their price objective on shares of ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Stifel Nicolaus boosted their target price on shares of ITT from $157.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. TD Cowen upped their target price on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Robert W. Baird dropped their price target on ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $161.88.

ITT Price Performance

Shares of ITT stock opened at $158.48 on Friday. 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 has a 50 day moving average of $148.28 and a 200 day moving average of $138.68. The firm has a market cap of $12.92 billion, a PE ratio of 27.04, a PEG ratio of 1.98 and a beta of 1.41.

ITT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a $0.319 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, November 29th. ITT’s payout ratio is presently 21.67%.

Hedge Funds Weigh In On ITT

Institutional investors have recently modified their holdings of the stock. Eagle Asset Management Inc. purchased a new stake in shares of ITT in the third quarter valued at approximately $67,503,000. Mawer Investment Management Ltd. bought a new stake in ITT during the 2nd quarter valued at $49,043,000. Select Equity Group L.P. lifted its holdings 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 worth $431,512,000 after buying an additional 351,206 shares during the period. Millennium Management LLC grew its position in shares of ITT by 200.4% during the 2nd quarter. Millennium Management LLC now owns 393,429 shares of the conglomerate’s stock worth $50,823,000 after buying an additional 262,470 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of ITT by 115.6% during the second quarter. AQR Capital Management LLC now owns 245,676 shares of the conglomerate’s stock valued at $31,717,000 after buying an additional 131,708 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

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.