ITT (NYSE:ITT) Updates FY 2026 Earnings Guidance

Key Points

• ITT updated its FY2026 EPS guidance to 7.700–8.000, roughly in line with the consensus of 7.780, and did not provide revenue guidance.
• Brokerages have grown more positive—Goldman Sachs initiated coverage with a Buy and $270 target, BMO set an Outperform at $233, and the consensus is a "Moderate Buy" with an average price target of $225.55.
• Recent company developments include a quarterly earnings beat ($1.98 vs. $1.77 expected), a raised quarterly dividend to $0.386 (annualized $1.54, 0.7% yield), and CEO Luca Savi selling 63,450 shares, reducing his ownership by 19.47%.

ITT (NYSE:ITT - Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 7.700-8.000 for the period, compared to the consensus EPS estimate of 7.780. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ITT. The Goldman Sachs Group initiated coverage on shares of ITT in a report on Tuesday, March 31st. They set a "buy" rating and a $270.00 price target on the stock. BMO Capital Markets assumed coverage on ITT in a research report on Friday, March 27th. They set an "outperform" rating and a $233.00 target price on the stock. Wall Street Zen raised ITT from a "hold" rating to a "buy" rating in a report on Monday, March 2nd. KeyCorp raised their price objective on ITT from $215.00 to $230.00 and gave the company an "overweight" rating in a report on Friday, February 6th. Finally, Citigroup upped their target price on ITT from $225.00 to $243.00 and gave the stock a "buy" rating in a research note on Monday, February 9th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, ITT currently has a consensus rating of "Moderate Buy" and an average price target of $225.55.

ITT Stock Up 1.8%

ITT stock opened at $212.78 on Wednesday. ITT has a 52 week low of $140.43 and a 52 week high of $224.12. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13. The firm has a 50-day simple moving average of $200.94 and a 200-day simple moving average of $189.57. The stock has a market capitalization of $19.02 billion, a P/E ratio of 34.82, a P/E/G ratio of 1.97 and a beta of 1.32.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, topping the consensus estimate of $1.77 by $0.21. ITT had a return on equity of 17.74% and a net margin of 12.39%.ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Equities analysts forecast that ITT will post 7.9 earnings per share for the current fiscal year.

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 6th were issued a $0.386 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, March 6th. This is an increase from ITT's previous quarterly dividend of $0.35. ITT's payout ratio is 25.20%.

Insider Transactions at ITT

In related news, CEO Luca Savi sold 63,450 shares of the business's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the transaction, the chief executive officer directly owned 262,354 shares in the company, valued at approximately $50,028,284.26. The trade was a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.88% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ITT

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its holdings in ITT by 62.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate's stock valued at $34,000 after buying an additional 76 shares during the period. Triumph Capital Management purchased a new position in ITT during the third quarter worth about $37,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of ITT during the third quarter valued at about $43,000. Caitong International Asset Management Co. Ltd raised its stake in shares of ITT by 28,900.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 290 shares of the conglomerate's stock valued at $50,000 after acquiring an additional 289 shares during the period. Finally, Sfam LLC purchased a new stake in shares of ITT in the 4th quarter valued at approximately $78,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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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