ITT (NYSE:ITT) Releases Quarterly Earnings Results, Beats Expectations By $0.21 EPS

ITT (NYSE:ITT) announced its quarterly earnings data 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. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period last year, the firm earned $1.45 earnings per share. 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 Price Performance

Shares of NYSE:ITT opened at $208.07 on Friday. The company’s fifty day moving average price is $201.24 and its 200 day moving average price is $190.14. ITT has a 12 month low of $141.92 and a 12 month 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 2.07. The firm has a market capitalization of $18.60 billion, a P/E ratio of 36.70, a P/E/G ratio of 2.04 and a beta of 1.32.

ITT Dividend Announcement

The business also recently declared 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. This represents a $1.54 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, June 8th. ITT’s dividend payout ratio (DPR) is currently 25.20%.

Insider Buying and Selling

In other news, CEO Luca Savi sold 63,450 shares of ITT stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the sale, the chief executive officer owned 262,354 shares in the company, valued at approximately $50,028,284.26. The trade was a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.88% of the stock is owned by corporate insiders.

Institutional Trading of ITT

A number of hedge funds and other institutional investors have recently made changes to their positions in ITT. Amundi increased its position in shares of ITT by 22,565.6% during the first quarter. Amundi now owns 7,253 shares of the conglomerate’s stock worth $867,000 after purchasing an additional 7,221 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of ITT by 7.4% during the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock worth $54,020,000 after purchasing an additional 28,937 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of ITT during the first quarter worth about $360,000. Focus Partners Wealth increased its position in shares of ITT by 80.7% during the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock worth $1,017,000 after purchasing an additional 3,515 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of ITT during the second quarter worth about $1,880,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Ratings Changes

ITT has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research note on Tuesday, April 21st. DA Davidson set a $245.00 price objective on ITT in a research note on Monday, February 9th. Barclays raised their price target on ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday. BMO Capital Markets assumed coverage on ITT in a research note on Friday, March 27th. They issued an “outperform” rating and a $233.00 price target on the stock. Finally, Wall Street Zen upgraded ITT from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, ITT has a consensus rating of “Moderate Buy” and a consensus target price of $234.00.

ITT Company Profile

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.