ITT (NYSE:ITT) Releases Quarterly Earnings Results

ITT (NYSE:ITT) announced its quarterly earnings results on Wednesday. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.21, Zacks reports. ITT had a net margin of 12.39% and a return on equity of 17.74%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the firm earned $1.45 earnings per share. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. ITT updated its FY 2026 guidance to 7.700-8.000 EPS.

Here are the key takeaways from ITT’s conference call:

• ITT reported a strong Q1 with orders +26% (8% organic), revenue +33% (11% organic), 130 bps of margin expansion, and adjusted EPS +25%, with book-to-bill of 1.09.
• The SPX Flow acquisition closed on March 2 and created the new Flow Technologies segment (~$3B revenue); management says SPX produced immediate net earnings, early cash accretion and is on track for the planned $80M cost synergies (about one-third in year one).
• Management initiated FY adjusted EPS guidance of $7.70–$8.00 (midpoint +9%) with total revenue growth guided to 37% (5% organic) and free cash flow of roughly $560M (10–11% margin).
• The SPX deal added leverage and near-term financial headwinds—~$2.9B of debt, higher interest expense (management cited roughly +$30M/quarter) plus a higher combined tax rate (~24.9%) and dilution from equity consideration, which will temper SPX’s net EPS contribution in the near term.
• CFO Emmanuel Caprais will depart (advisory role through June) with an interim CFO appointed, a leadership change that management says will be supported to ensure a smooth transition.

ITT Trading Up 2.1%

Shares of ITT traded up $4.52 on Wednesday, hitting $217.21. 1,319,434 shares of the stock traded hands, compared to its average volume of 809,331. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $19.42 billion, a P/E ratio of 35.55, a P/E/G ratio of 2.00 and a beta of 1.32. The stock’s 50 day moving average is $201.21 and its two-hundred day moving average is $189.89. ITT has a 1 year low of $140.43 and a 1 year high of $225.26.

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 8th will be paid a dividend of $0.386 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. ITT’s dividend payout ratio is presently 25.20%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Barclays reduced their price target on shares of ITT from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. DA Davidson set a $245.00 price objective on shares of ITT in a research note on Monday, February 9th. Citigroup upped their price objective on shares of ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Robert W. Baird set a $222.00 price objective on shares of ITT in a research note on Friday, February 6th. Finally, BMO Capital Markets initiated coverage on shares of ITT in a research note on Friday, March 27th. They set an “outperform” rating and a $233.00 price objective on the stock. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ITT presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.55.

Insider Buying and Selling

In related news, CEO Luca Savi sold 63,450 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the completion of the transaction, the chief executive officer owned 262,354 shares of the company’s stock, valued at approximately $50,028,284.26. This represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.88% of the company’s stock.

Hedge Funds Weigh In On ITT

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Compound Planning Inc. increased its position in ITT by 8.1% during the fourth quarter. Compound Planning Inc. now owns 2,335 shares of the conglomerate’s stock worth $405,000 after purchasing an additional 175 shares during the last quarter. Invesco Ltd. increased its position in ITT by 15.2% during the fourth quarter. Invesco Ltd. now owns 1,300,760 shares of the conglomerate’s stock worth $225,695,000 after purchasing an additional 171,827 shares during the last quarter. Corient Private Wealth LLC increased its position in ITT by 399.1% during the fourth quarter. Corient Private Wealth LLC now owns 59,677 shares of the conglomerate’s stock worth $10,355,000 after purchasing an additional 47,719 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in ITT by 57.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,238 shares of the conglomerate’s stock worth $2,123,000 after purchasing an additional 4,486 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in ITT by 9.2% during the fourth quarter. Raymond James Financial Inc. now owns 614,616 shares of the conglomerate’s stock worth $108,295,000 after purchasing an additional 51,947 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Key ITT News

Here are the key news stories impacting ITT this week:

• Positive Sentiment: Q1 results beat consensus — adjusted EPS $1.98 vs. ~ $1.77 estimate and revenue $1.21B (+32.7% Y/Y), signaling solid top?line growth and beat across the board. BusinessWire: ITT Reports Q1 Results
• Positive Sentiment: Management introduced FY?2026 adjusted EPS guidance of $7.70–$8.00 after closing SPX FLOW — guidance roughly in line with consensus and provides a clear post?acquisition outlook that reduces near?term uncertainty. Seeking Alpha: Guidance After SPX FLOW Close
• Neutral Sentiment: Company declared a quarterly dividend of $0.386 (record June 8, payable July 6). Yield is modest (~0.7%) — supportive but not a material income driver. (Company dividend notice)
• Neutral Sentiment: Full earnings materials and call transcript/slide deck are available for deeper read?throughs — useful for investors who want segment/forward?order detail and margin drivers. Seeking Alpha: Q1 2026 Earnings Call Transcript
• Negative Sentiment: Margins showed some pressure despite revenue strength — commentary and modeling revisions around margin mix and integration costs prompted caution in parts of the market. See analysis of investor reaction to stronger revenue but weaker margins. Yahoo Finance: Investor Reaction to Q1 Margins
• Negative Sentiment: Recent insider sales (including disclosures showing CEO share sales) may be viewed unfavorably by some investors and can temper enthusiasm despite the beat. QuiverQuant: Q1 Release & Insider Activity

About ITT

ITT Inc is a diversified industrial manufacturing company that designs, manufactures and services mission-critical components and systems for global markets. Its engineered solutions support applications in aerospace, defense, transportation, energy and industrial automation. The company focuses on delivering high-performance products that enable reliable fluid handling, precision motion control and robust connectivity in demanding environments.

The company’s operations are organized into three segments: Motion Technologies, which provides precision components and aftermarket repair services for aircraft engines and industrial turbines; Connect & Control Technologies, which offers specialty valves, couplings, seals and proximity sensors for fuel, hydraulics and environmental control systems; and Fluid & Motion Control, which delivers pumps, heat exchangers and fluid management solutions for oil and gas, chemical processing and power generation.