Zacks Research Issues Negative Outlook for ITT Earnings

ITT Inc. (NYSE:ITT) – Investment analysts at Zacks Research cut their Q4 2024 earnings per share (EPS) estimates for ITT in a research note issued on Tuesday, November 19th. Zacks Research analyst R. Department now expects that the conglomerate will earn $1.45 per share for the quarter, down from their previous forecast of $1.49. The consensus estimate for ITT’s current full-year earnings is $5.84 per share. Zacks Research also issued estimates for ITT’s Q4 2025 earnings at $1.62 EPS, FY2025 earnings at $6.32 EPS, Q1 2026 earnings at $1.57 EPS, Q2 2026 earnings at $1.67 EPS and Q3 2026 earnings at $1.78 EPS.

ITT (NYSE:ITT) last issued its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. The firm had revenue of $885.20 million during the quarter, compared to analysts’ expectations of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $1.37 earnings per share.

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

ITT Stock Performance

ITT stock opened at $152.20 on Thursday. The firm has a 50 day simple moving average of $147.38 and a 200 day simple moving average of $138.38. ITT has a 52 week low of $107.01 and a 52 week high of $155.52. The stock has a market cap of $12.41 billion, a P/E ratio of 25.97, a P/E/G ratio of 1.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.58.

ITT Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.84%. ITT’s dividend payout ratio is currently 21.84%.

Institutional Trading of ITT

A number of institutional investors and hedge funds have recently modified their holdings of ITT. Geode Capital Management LLC boosted its stake in ITT by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,369,021 shares of the conglomerate’s stock worth $204,736,000 after buying an additional 8,223 shares in the last quarter. Resources Management Corp CT ADV acquired a new position in ITT in the third quarter worth about $30,000. M&T Bank Corp lifted its stake in ITT by 1.3% during the third quarter. M&T Bank Corp now owns 5,334 shares of the conglomerate’s stock worth $797,000 after purchasing an additional 69 shares during the period. MML Investors Services LLC boosted its holdings in ITT by 3.0% during the third quarter. MML Investors Services LLC now owns 5,070 shares of the conglomerate’s stock valued at $758,000 after purchasing an additional 150 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of ITT in the 3rd quarter valued at approximately $371,000. 91.59% of the stock is currently owned by institutional investors.

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.