Brokers Issue Forecasts for ITT's FY2026 Earnings (NYSE:ITT)

ITT Inc. (NYSE:ITT - Free Report) - Equities researchers at Zacks Research boosted their FY2026 earnings per share estimates for ITT in a research note issued on Tuesday, November 19th. Zacks Research analyst R. Department now forecasts that the conglomerate will post earnings of $7.04 per share for the year, up from their prior forecast of $7.01. The consensus estimate for ITT's current full-year earnings is $5.84 per share.

ITT has been the subject of a number of other reports. The Goldman Sachs Group raised their price objective on ITT from $150.00 to $166.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Robert W. Baird lowered their price objective on shares of ITT from $165.00 to $163.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 30th. Stifel Nicolaus increased their target price on shares of ITT from $157.00 to $167.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. TD Cowen boosted their price target on shares of ITT from $150.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, KeyCorp increased their price objective on ITT from $155.00 to $164.00 and gave the stock an "overweight" rating in a report on Monday, October 14th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, ITT presently has an average rating of "Buy" and an average price target of $161.88.

ITT Trading Up 1.9 %

NYSE ITT traded up $2.92 on Friday, hitting $158.38. 314,050 shares of the stock were exchanged, compared to its average volume of 384,383. The company's 50-day moving average price is $147.82 and its two-hundred day moving average price is $138.49. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.09. ITT has a 52-week low of $107.01 and a 52-week high of $158.56. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 1.98 and a beta of 1.41.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.03. The company had revenue of $885.20 million during the quarter, compared to analyst estimates of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. The business's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 earnings per share.

Hedge Funds Weigh In On ITT

Several institutional investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of ITT in the third quarter valued at about $26,000. Lynx Investment Advisory bought a new position in shares of ITT in the second quarter worth about $27,000. Resources Management Corp CT ADV acquired a new position in shares of ITT during the third quarter worth approximately $30,000. Headlands Technologies LLC bought a new stake in shares of ITT during the second quarter valued at approximately $32,000. Finally, UMB Bank n.a. increased its holdings in shares of ITT by 315.8% in the third quarter. UMB Bank n.a. now owns 237 shares of the conglomerate's stock valued at $35,000 after purchasing an additional 180 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a $0.319 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Friday, November 29th. ITT's dividend payout ratio (DPR) is 21.67%.

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.