Analysts Issue Forecasts for ITT's Q3 Earnings (NYSE:ITT)

Key Points

• Analysts from Zacks Research have raised their Q3 2026 earnings-per-share estimate for ITT Inc. to $1.65, up from a previous estimate of $1.64, indicating a positive outlook for the company.
• ITT has recently reported a quarterly earnings of $1.64 EPS, surpassing consensus estimates, with a revenue of $972.40 million, which also exceeded predictions.
• The company has a strong institutional backing, with 91.59% of its stock held by institutional investors and hedge funds, highlighting a robust investment interest.

ITT Inc. (NYSE:ITT - Free Report) - Research analysts at Zacks Research raised their Q3 2026 EPS estimates for shares of ITT in a research report issued to clients and investors on Wednesday, October 15th. Zacks Research analyst Team now expects that the conglomerate will earn $1.65 per share for the quarter, up from their previous estimate 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 FY2026 earnings at $6.97 EPS and FY2027 earnings at $8.01 EPS.

ITT (NYSE:ITT - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The conglomerate reported $1.64 EPS for the quarter, beating the consensus estimate of $1.62 by $0.02. The company had revenue of $972.40 million for the quarter, compared to the consensus estimate of $947.48 million. ITT had a net margin of 13.99% and a return on equity of 18.08%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.49 EPS. ITT has set its FY 2025 guidance at 6.350-6.550 EPS.

ITT has been the subject of several other reports. Citigroup reissued a "buy" rating on shares of ITT in a research report on Thursday, October 9th. KeyCorp boosted their price objective on shares of ITT from $192.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Weiss Ratings reissued a "buy (b)" rating on shares of ITT in a research report on Wednesday, October 8th. Stifel Nicolaus boosted their price objective on shares of ITT from $197.00 to $202.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, TD Cowen boosted their price objective on shares of ITT from $170.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $190.89.

ITT Stock Performance

Shares of NYSE:ITT opened at $172.87 on Thursday. The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 2.12 and a beta of 1.38. ITT has a 12 month low of $105.64 and a 12 month high of $185.57. The firm's 50-day moving average is $173.61 and its 200 day moving average is $156.13. The company has a current ratio of 1.45, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24.

ITT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Tuesday, September 2nd were given a dividend of $0.351 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. ITT's dividend payout ratio is presently 22.01%.

Insider Buying and Selling

In related news, CEO Luca Savi sold 36,385 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $164.76, for a total transaction of $5,994,792.60. Following the completion of the sale, the chief executive officer owned 297,536 shares of the company's stock, valued at $49,022,031.36. This represents a 10.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ITT. Financial Gravity Companies Inc. acquired a new position in ITT during the 2nd quarter valued at approximately $27,000. Atlantic Union Bankshares Corp acquired a new stake in shares of ITT in the second quarter worth $34,000. MTM Investment Management LLC acquired a new stake in shares of ITT in the second quarter worth $39,000. Clearstead Trust LLC increased its stake in shares of ITT by 40.0% in the second quarter. Clearstead Trust LLC now owns 350 shares of the conglomerate's stock worth $55,000 after acquiring an additional 100 shares during the period. Finally, NewSquare Capital LLC boosted its holdings in ITT by 37.2% during the second quarter. NewSquare Capital LLC now owns 454 shares of the conglomerate's stock worth $71,000 after buying an additional 123 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.