Zacks Research Issues Positive Forecast for ITT Earnings

ITT Inc. (NYSE:ITT - Free Report) - Investment analysts at Zacks Research boosted their Q1 2027 earnings estimates for shares of ITT in a research note issued to investors on Wednesday, October 15th. Zacks Research analyst Team now anticipates that the conglomerate will post earnings per share of $1.65 for the quarter, up from their previous forecast 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 Q2 2027 earnings at $1.80 EPS.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The conglomerate reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.02. ITT had a net margin of 13.99% and a return on equity of 18.08%. The company had revenue of $972.40 million during the quarter, compared to analyst estimates of $947.48 million. During the same period last year, the firm posted $1.49 EPS. ITT's revenue for the quarter was up 7.3% compared to the same quarter last year. ITT has set its FY 2025 guidance at 6.350-6.550 EPS.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus raised their price target on shares of ITT from $197.00 to $202.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. DA Davidson set a $190.00 price target on shares of ITT and gave the stock a "buy" rating in a research report on Monday, August 4th. Weiss Ratings reissued a "buy (b)" rating on shares of ITT in a research report on Wednesday, October 8th. KeyCorp raised their price target on shares of ITT from $192.00 to $200.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Finally, UBS Group raised their price target on shares of ITT from $168.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $190.89.

ITT Stock Performance

ITT opened at $170.72 on Friday. ITT has a 12-month low of $105.64 and a 12-month high of $185.57. The company has a current ratio of 1.45, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $13.32 billion, a PE ratio of 26.84, a P/E/G ratio of 2.13 and a beta of 1.38. The firm has a 50 day moving average of $173.73 and a two-hundred day moving average of $156.41.

ITT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, September 2nd. ITT's payout ratio is 22.01%.

Insider Buying and Selling at ITT

In other news, CEO Luca Savi sold 36,385 shares of ITT stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $164.76, for a total transaction of $5,994,792.60. Following the completion of the transaction, the chief executive officer directly owned 297,536 shares of the company's stock, valued at $49,022,031.36. The trade was a 10.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ITT

Institutional investors have recently added to or reduced their stakes in the stock. Financial Gravity Companies Inc. acquired a new stake in ITT in the 2nd quarter valued at $27,000. Atlantic Union Bankshares Corp acquired a new stake in ITT in the 2nd quarter valued at $34,000. MTM Investment Management LLC acquired a new stake in ITT in the 2nd quarter valued at $39,000. Clearstead Trust LLC grew its stake in ITT by 40.0% in the 2nd quarter. Clearstead Trust LLC now owns 350 shares of the conglomerate's stock valued at $55,000 after acquiring an additional 100 shares during the period. Finally, NewSquare Capital LLC grew its stake in ITT by 37.2% in the 2nd quarter. NewSquare Capital LLC now owns 454 shares of the conglomerate's stock valued at $71,000 after acquiring an additional 123 shares during the period. Institutional investors and hedge funds own 91.59% of the company's stock.

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.

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