Zacks Research Issues Pessimistic Outlook for ITT Earnings

ITT Inc. (NYSE:ITT) – Research analysts at Zacks Research dropped their FY2028 earnings per share estimates for ITT in a research report issued on Monday, July 27th. Zacks Research analyst Team now anticipates that the conglomerate will post earnings of $10.49 per share for the year, down from their previous estimate of $10.57. The consensus estimate for ITT’s current full-year earnings is $7.89 per share.

Several other brokerages have also recently issued reports on ITT. The Goldman Sachs Group assumed coverage on shares of ITT in a research report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price target for the company. Wall Street Zen lowered shares of ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Barclays boosted their price objective on shares of ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Stifel Nicolaus increased their price objective on ITT from $246.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, Wolfe Research raised ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 target price for the company in a research report on Thursday, July 9th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, ITT presently has an average rating of “Moderate Buy” and an average price target of $234.75.

ITT Stock Up 0.8%

NYSE:ITT opened at $197.50 on Tuesday. ITT has a one year low of $157.66 and a one year high of $225.26. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01. The company has a market cap of $17.66 billion, a PE ratio of 34.83, a P/E/G ratio of 1.84 and a beta of 1.27. The firm’s 50 day simple moving average is $192.92 and its 200 day simple moving average is $195.87.

ITT (NYSE:ITT) last released its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.21. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The firm’s revenue was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 8th were issued a $0.386 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, June 8th. ITT’s dividend payout ratio (DPR) is presently 27.16%.

Insiders Place Their Bets

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of ITT stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $208.41, for a total value of $41,682.00. Following the completion of the sale, the chief accounting officer directly owned 7,859 shares of the company’s stock, valued at approximately $1,637,894.19. The trade was a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lori B. Marino sold 7,123 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the transaction, the insider owned 8,729 shares in the company, valued at $1,817,988.83. This represents a 44.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.88% of the company’s stock.

Institutional Trading of ITT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new position in ITT in the fourth quarter worth approximately $29,000. Bayban bought a new stake in shares of ITT during the fourth quarter valued at approximately $31,000. Parkside Financial Bank & Trust raised its position in shares of ITT by 62.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 76 shares during the period. Entrust Financial LLC bought a new position in shares of ITT in the 4th quarter worth $36,000. Finally, Triumph Capital Management bought a new position in shares of ITT in the 3rd quarter worth $37,000. 91.59% of the stock is owned by institutional investors.

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.