Analysts Set Expectations for ITT’s Q3 Earnings (NYSE:ITT)

ITT Inc. (NYSE:ITT) – Analysts at Zacks Research dropped their Q3 2026 earnings per share (EPS) estimates for shares of ITT in a research note issued to investors on Thursday, May 22nd. Zacks Research analyst R. Department now anticipates that the conglomerate will post earnings of $1.73 per share for the quarter, down from their prior forecast 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 (NYSE:ITT) last released its quarterly earnings data on Thursday, May 1st. The conglomerate reported $1.45 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $901.22 million. During the same quarter in the previous year, the firm posted $1.42 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year.

Several other analysts also recently weighed in on ITT. Bank of America lifted their target price on ITT from $145.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Citigroup cut their target price on ITT from $181.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. KeyCorp lifted 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. Stifel Nicolaus lifted their target price on ITT from $161.00 to $171.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Finally, Wall Street Zen raised ITT from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $165.50.

ITT Trading Down 0.6%

NYSE:ITT opened at $147.43 on Monday. ITT has a 12-month low of $105.64 and a 12-month high of $161.13. The firm has a market capitalization of $11.60 billion, a P/E ratio of 23.40, a P/E/G ratio of 1.89 and a beta of 1.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96. The business has a 50 day simple moving average of $135.15 and a 200 day simple moving average of $142.86.

Institutional Trading of ITT

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Select Equity Group L.P. raised its stake in shares of ITT by 4.4% in the 1st quarter. Select Equity Group L.P. now owns 4,765,602 shares of the conglomerate’s stock worth $615,525,000 after buying an additional 200,676 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of ITT by 97.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,835,894 shares of the conglomerate’s stock worth $237,125,000 after buying an additional 904,654 shares in the last quarter. Invesco Ltd. raised its stake in shares of ITT by 12.2% in the 4th quarter. Invesco Ltd. now owns 1,560,381 shares of the conglomerate’s stock worth $222,947,000 after buying an additional 169,054 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of ITT by 14.2% in the 4th quarter. Alliancebernstein L.P. now owns 1,366,576 shares of the conglomerate’s stock worth $195,256,000 after buying an additional 169,944 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of ITT in the 1st quarter worth $156,406,000. Institutional investors own 91.59% of the company’s stock.

ITT Dividend Announcement

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 paid a $0.351 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Monday, June 2nd. ITT’s dividend payout ratio is presently 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.