Analysts Issue Forecasts for ITT's Q2 Earnings (NYSE:ITT)

ITT Inc. (NYSE:ITT - Free Report) - Equities researchers at Zacks Research increased their Q2 2026 earnings per share (EPS) estimates for shares of ITT in a note issued to investors on Tuesday, July 1st. Zacks Research analyst R. Department now forecasts that the conglomerate will post earnings of $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 Q1 2027 earnings at $1.81 EPS.

Several other equities research analysts also recently weighed in on the company. Stifel Nicolaus upped their price target on ITT from $161.00 to $171.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Wall Street Zen upgraded ITT from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Citigroup cut their price target on ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Bank of America upped their price target on ITT from $145.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, KeyCorp upped their price target on ITT from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $165.50.

ITT Price Performance

Shares of ITT stock traded up $1.22 on Friday, hitting $161.39. The stock had a trading volume of 265,401 shares, compared to its average volume of 454,043. The company's 50 day moving average price is $150.10 and its 200-day moving average price is $142.75. ITT has a 1 year low of $105.64 and a 1 year high of $161.53. The firm has a market capitalization of $12.70 billion, a P/E ratio of 25.66, a P/E/G ratio of 2.11 and a beta of 1.35.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The conglomerate reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.01. The firm had revenue of $913.00 million for the quarter, compared to the consensus estimate of $901.22 million. ITT had a return on equity of 17.75% and a net margin of 14.19%. The company's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.42 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC boosted its position in shares of ITT by 4.7% during the 1st quarter. Voya Investment Management LLC now owns 12,792 shares of the conglomerate's stock worth $1,652,000 after acquiring an additional 573 shares in the last quarter. Strs Ohio purchased a new stake in shares of ITT in the 1st quarter valued at about $1,539,000. Geneos Wealth Management Inc. lifted its holdings in shares of ITT by 341.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 913 shares of the conglomerate's stock valued at $118,000 after purchasing an additional 706 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of ITT by 25.4% in the 1st quarter. Intech Investment Management LLC now owns 17,623 shares of the conglomerate's stock valued at $2,276,000 after purchasing an additional 3,572 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of ITT by 80.7% in the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate's stock valued at $1,017,000 after purchasing an additional 3,515 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 2nd were given a dividend of $0.351 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.40 annualized dividend and a dividend yield of 0.87%. ITT's dividend payout ratio is currently 22.26%.

ITT Company Profile

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.