Zacks Research Has Optimistic Outlook of ITT Q1 Earnings

ITT Inc. (NYSE:ITT) – Stock analysts at Zacks Research upped their Q1 2027 earnings per share (EPS) estimates for ITT in a report released on Wednesday, October 15th. Zacks Research analyst Team now expects that the conglomerate will post earnings of $1.65 per share for the quarter, up from their prior 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) last released its quarterly earnings results on Thursday, July 31st. The conglomerate reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.02. ITT had a return on equity of 18.08% and a net margin of 13.99%.The company had revenue of $972.40 million during the quarter, compared to analysts’ expectations of $947.48 million. During the same period in the previous year, the firm posted $1.49 earnings per share. The business’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 recently issued reports about the company. DA Davidson set a $190.00 price target on ITT and gave the stock a “buy” rating in a report on Monday, August 4th. Stifel Nicolaus boosted their price target on ITT from $197.00 to $202.00 and gave the stock a “buy” rating in a report on Friday, August 1st. KeyCorp boosted their price target on ITT from $192.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Bank of America increased their target price on ITT from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Finally, TD Cowen increased their target price on ITT from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, October 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. Based on data from MarketBeat.com, ITT currently has a consensus rating of “Moderate Buy” and an average target price of $190.89.

ITT Stock Performance

NYSE ITT opened at $172.83 on Friday. ITT has a fifty-two week low of $105.64 and a fifty-two week high of $185.57. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 2.13 and a beta of 1.38. The business has a fifty day moving average of $173.87 and a 200-day moving average of $156.86. The company has a quick ratio of 0.99, a current ratio of 1.45 and a debt-to-equity ratio of 0.24.

Institutional Investors Weigh In On ITT

Several institutional investors and hedge funds have recently modified their holdings of the stock. Stephens Inc. AR boosted its position in shares of ITT by 4.8% in the first quarter. Stephens Inc. AR now owns 1,970 shares of the conglomerate’s stock worth $254,000 after buying an additional 90 shares during the period. Advisors Asset Management Inc. boosted its position in shares of ITT by 2.9% in the second quarter. Advisors Asset Management Inc. now owns 3,427 shares of the conglomerate’s stock worth $537,000 after buying an additional 97 shares during the period. Prudent Man Advisors LLC boosted its position in shares of ITT by 2.3% in the first quarter. Prudent Man Advisors LLC now owns 4,280 shares of the conglomerate’s stock worth $553,000 after buying an additional 98 shares during the period. UMB Bank n.a. boosted its position in shares of ITT by 11.4% in the second quarter. UMB Bank n.a. now owns 954 shares of the conglomerate’s stock worth $150,000 after buying an additional 98 shares during the period. Finally, Mutual Advisors LLC boosted its position in shares of ITT by 3.5% in the second quarter. Mutual Advisors LLC now owns 2,923 shares of the conglomerate’s stock worth $472,000 after buying an additional 98 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Transactions at ITT

In other news, CEO Luca Savi sold 36,385 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $164.76, for a total value of $5,994,792.60. Following the completion of the sale, the chief executive officer owned 297,536 shares of the company’s stock, valued at $49,022,031.36. This represents a 10.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.47% of the company’s stock.

ITT Announces Dividend

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

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.