Analysts Issue Forecasts for ITT’s Q3 Earnings (NYSE:ITT)

ITT Inc. (NYSE:ITT) – Stock analysts at Zacks Research upped their Q3 2026 earnings estimates for shares of ITT in a note issued to investors on Tuesday, September 16th. Zacks Research analyst Team now anticipates that the conglomerate will post earnings of $1.64 per share for the quarter, up from their prior forecast of $1.63. The consensus estimate for ITT’s current full-year earnings is $6.51 per share.

A number of other research analysts also recently commented on the stock. KeyCorp boosted their price objective on shares of ITT from $192.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Bank of America boosted their target price on shares of ITT from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday. Citigroup reissued a “buy” rating and issued a $186.00 target price (up from $159.00) on shares of ITT in a research report on Monday, July 14th. UBS Group boosted their target price 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. Finally, Stifel Nicolaus boosted their target price 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. Nine 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $188.11.

ITT Stock Performance

Shares of ITT opened at $182.92 on Thursday. The company’s 50 day moving average price is $167.45 and its 200 day moving average price is $150.65. ITT has a 52 week low of $105.64 and a 52 week high of $183.66. The company has a market capitalization of $14.27 billion, a PE ratio of 28.76, a PEG ratio of 2.21 and a beta of 1.39. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.99 and a current ratio of 1.45.

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

Hedge Funds Weigh In On ITT

A number of hedge funds have recently made changes to their positions in the business. Stephens Inc. AR raised its stake in shares of ITT by 4.8% in the 1st quarter. Stephens Inc. AR now owns 1,970 shares of the conglomerate’s stock valued at $254,000 after buying an additional 90 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of ITT by 2.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,427 shares of the conglomerate’s stock valued at $537,000 after buying an additional 97 shares in the last quarter. Prudent Man Advisors LLC raised its stake in shares of ITT by 2.3% in the 1st quarter. Prudent Man Advisors LLC now owns 4,280 shares of the conglomerate’s stock valued at $553,000 after buying an additional 98 shares in the last quarter. UMB Bank n.a. raised its stake in shares of ITT by 11.4% in the 2nd quarter. UMB Bank n.a. now owns 954 shares of the conglomerate’s stock valued at $150,000 after buying an additional 98 shares in the last quarter. Finally, Mutual Advisors LLC raised its stake in shares of ITT by 3.5% in the 2nd quarter. Mutual Advisors LLC now owns 2,923 shares of the conglomerate’s stock valued at $472,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Buying and Selling

In related news, CEO Luca Savi sold 36,385 shares of the company’s stock in a transaction 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 in the company, valued at $49,022,031.36. This represents a 10.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is currently owned by insiders.

ITT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, September 2nd. ITT’s dividend payout ratio is presently 22.01%.

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.