Zacks Research Issues Negative Outlook for ITT Earnings

ITT Inc. (NYSE:ITT - Free Report) - Research analysts at Zacks Research cut their Q3 2026 earnings estimates for shares of ITT in a note issued to investors on Thursday, May 22nd. Zacks Research analyst R. Department now forecasts that the conglomerate will post earnings of $1.73 per share for the quarter, down from their prior estimate 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.

ITT has been the subject of a number of other research reports. Wall Street Zen upgraded shares of ITT from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. The Goldman Sachs Group boosted their target price on ITT from $160.00 to $177.00 and gave the company a "buy" rating in a research note on Monday, May 19th. UBS Group boosted their target price on ITT from $165.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, February 7th. KeyCorp boosted their target price on ITT from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Citigroup decreased their price objective on ITT from $181.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, ITT presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.50.

ITT Trading Up 3.1%

Shares of ITT stock traded up $4.55 during trading on Monday, hitting $151.90. 494,043 shares of the company were exchanged, compared to its average volume of 457,706. The firm has a market capitalization of $11.95 billion, a P/E ratio of 24.11, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The firm's fifty day moving average price is $135.70 and its 200 day moving average price is $142.88. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96. ITT has a 1-year low of $105.64 and a 1-year high of $161.13.

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

Hedge Funds Weigh In On ITT

A number of large investors have recently bought and sold shares of ITT. Janney Montgomery Scott LLC boosted its position in ITT by 7.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 31,000 shares of the conglomerate's stock worth $4,429,000 after acquiring an additional 2,109 shares during the last quarter. Mutual Advisors LLC boosted its holdings in ITT by 11.0% during the fourth quarter. Mutual Advisors LLC now owns 2,412 shares of the conglomerate's stock worth $360,000 after purchasing an additional 239 shares during the last quarter. Running Oak Capital LLC boosted its holdings in ITT by 3.4% during the fourth quarter. Running Oak Capital LLC now owns 99,444 shares of the conglomerate's stock worth $14,209,000 after purchasing an additional 3,267 shares during the last quarter. Blue Trust Inc. boosted its holdings in ITT by 50.4% during the fourth quarter. Blue Trust Inc. now owns 2,242 shares of the conglomerate's stock worth $335,000 after purchasing an additional 751 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of ITT by 63.4% during the 4th quarter. KBC Group NV now owns 3,292 shares of the conglomerate's stock worth $470,000 after buying an additional 1,277 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

ITT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.351 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.40 annualized dividend and a dividend yield of 0.92%. ITT's dividend payout ratio is currently 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.