Zacks Research Comments on ITT's FY2026 Earnings (NYSE:ITT)

Key Points

• Zacks Research raised ITT’s FY2026 EPS estimate to $8.27 from $7.87, slightly above the $8.25 consensus forecast. The firm also projected FY2027 and FY2028 EPS of $9.08 and $10.53, respectively.
• Analyst sentiment remains favorable, with 10 Buy ratings and two Hold ratings giving ITT a consensus “Moderate Buy” rating and an average price target of $241.08.
• ITT recently beat quarterly expectations, reporting $2.08 EPS and $1.47 billion in revenue, while revenue rose 51.5% year over year. The company declared a quarterly dividend of $0.386 per share, equivalent to a 0.8% annualized yield.

ITT Inc. (NYSE:ITT - Free Report) - Investment analysts at Zacks Research lifted their FY2026 earnings per share estimates for shares of ITT in a research report issued on Thursday, August 27th. Zacks Research analyst Team now expects that the conglomerate will earn $8.27 per share for the year, up from their previous estimate of $7.87. The consensus estimate for ITT's current full-year earnings is $8.25 per share. Zacks Research also issued estimates for ITT's Q3 2027 earnings at $2.43 EPS, FY2027 earnings at $9.08 EPS, Q1 2028 earnings at $2.47 EPS, Q2 2028 earnings at $2.62 EPS and FY2028 earnings at $10.53 EPS.

Other equities research analysts have also issued reports about the stock. DA Davidson increased their target price on shares of ITT from $255.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. KeyCorp upped their price objective on ITT from $250.00 to $263.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Wall Street Zen cut ITT from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Wolfe Research upgraded ITT from a "peer perform" rating to an "outperform" rating and set a $229.00 target price for the company in a report on Thursday, July 9th. Finally, Barclays boosted their target price on ITT from $210.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $241.08.

ITT Trading Down 0.1%

Shares of ITT stock opened at $202.80 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. The stock has a market capitalization of $18.13 billion, a P/E ratio of 39.76, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27. The company has a 50 day moving average price of $200.18 and a 200 day moving average price of $199.70. ITT has a fifty-two week low of $166.96 and a fifty-two week high of $230.32.

ITT (NYSE:ITT - Get Free Report) last released its earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.16. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.ITT's revenue was up 51.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS.

Institutional Trading of ITT

A number of large investors have recently made changes to their positions in the company. California State Teachers Retirement System increased its position in ITT by 20,258.6% during the second quarter. California State Teachers Retirement System now owns 20,565,458 shares of the conglomerate's stock worth $4,067,025,000 after buying an additional 20,464,442 shares during the period. Capital International Investors grew its position in shares of ITT by 3.0% during the fourth quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate's stock worth $1,526,421,000 after acquiring an additional 258,936 shares during the last quarter. BlackRock Inc. purchased a new position in shares of ITT during the second quarter worth approximately $1,715,593,000. State Street Corp increased its holdings in shares of ITT by 7.4% in the 4th quarter. State Street Corp now owns 2,546,710 shares of the conglomerate's stock valued at $441,880,000 after acquiring an additional 175,367 shares during the period. Finally, Geode Capital Management LLC raised its position in ITT by 15.6% in the 4th quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate's stock valued at $280,267,000 after purchasing an additional 217,360 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of the company's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $214.54, for a total value of $150,178.00. Following the completion of the transaction, the chief accounting officer owned 7,159 shares in the company, valued at $1,535,891.86. This represents a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.88% of the stock is owned by corporate insiders.

ITT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be given a $0.386 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT's payout ratio is 30.20%.

About ITT

ITT Inc is a diversified industrial manufacturing company that designs, manufactures and services mission-critical components and systems for global markets. Its engineered solutions support applications in aerospace, defense, transportation, energy and industrial automation. The company focuses on delivering high-performance products that enable reliable fluid handling, precision motion control and robust connectivity in demanding environments.

The company's operations are organized into three segments: Motion Technologies, which provides precision components and aftermarket repair services for aircraft engines and industrial turbines; Connect & Control Technologies, which offers specialty valves, couplings, seals and proximity sensors for fuel, hydraulics and environmental control systems; and Fluid & Motion Control, which delivers pumps, heat exchangers and fluid management solutions for oil and gas, chemical processing and power generation.

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