What is Zacks Research's Estimate for ITT Q3 Earnings?

ITT Inc. (NYSE:ITT - Free Report) - Equities research analysts at Zacks Research dropped their Q3 2026 EPS estimates for ITT in a research report issued on Thursday, May 22nd. Zacks Research analyst R. Department now expects that the conglomerate will post earnings per share of $1.73 for the quarter, down from their previous forecast of $1.79. The consensus estimate for ITT's current full-year earnings is $6.51 per share. Zacks Research also issued estimates for ITT's Q4 2026 earnings at $1.89 EPS, Q1 2027 earnings at $1.83 EPS and FY2027 earnings at $7.75 EPS.

A number of other equities analysts have also weighed in on ITT. Bank of America lifted their price target on shares of ITT from $145.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. UBS Group boosted their target price on shares of ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Citigroup decreased their price target 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. KeyCorp lifted their price target on shares of ITT from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Wall Street Zen raised shares of ITT from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.50.

ITT Trading Down 0.1%

Shares of NYSE ITT traded down $0.15 during midday trading on Monday, reaching $150.76. 138,969 shares of the stock were exchanged, compared to its average volume of 566,479. ITT has a 52-week low of $105.64 and a 52-week high of $161.13. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average price of $136.02 and a 200-day moving average price of $142.93. The company has a market capitalization of $11.86 billion, a P/E ratio of 23.93, a P/E/G ratio of 1.89 and a beta of 1.36.

ITT (NYSE:ITT - Get Free Report) last announced its earnings results on Thursday, May 1st. The conglomerate reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.01. The company had revenue of $913.00 million during the quarter, compared to analysts' expectations of $901.22 million. ITT had a net margin of 14.27% and a return on equity of 18.03%. The firm's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.42 earnings per share.

Hedge Funds Weigh In On ITT

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rialto Wealth Management LLC acquired a new stake in shares of ITT in the 4th quarter valued at $26,000. Whipplewood Advisors LLC acquired a new position in shares of ITT during the fourth quarter valued at about $34,000. Quarry LP raised its position in shares of ITT by 101.6% during the fourth quarter. Quarry LP now owns 248 shares of the conglomerate's stock valued at $35,000 after buying an additional 125 shares during the last quarter. V Square Quantitative Management LLC raised its position in ITT by 79.1% in the fourth quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate's stock worth $59,000 after purchasing an additional 182 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in ITT in the fourth quarter worth about $59,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

ITT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a yield of 0.93%. The ex-dividend date is Monday, June 2nd. ITT's payout ratio is 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.