ITT (NYSE:ITT) Updates FY 2026 Earnings Guidance

ITT (NYSE:ITT) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 7.700-8.000 for the period, compared to the consensus earnings per share estimate of 7.780. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

ITT has been the topic of a number of recent research reports. Barclays lifted their target price on ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday. Citigroup lifted their price objective on shares of ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research report on Thursday. Wall Street Zen upgraded ITT from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a research note on Tuesday, April 21st. Finally, Stifel Nicolaus set a $246.00 price objective on shares of ITT in a report on Thursday. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $234.00.

ITT Stock Performance

NYSE:ITT traded down $0.25 during mid-day trading on Friday, reaching $207.54. 176,612 shares of the company’s stock were exchanged, compared to its average volume of 930,927. ITT has a one year low of $142.64 and a one year high of $225.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.07 and a current ratio of 1.53. The business’s fifty day simple moving average is $201.24 and its two-hundred day simple moving average is $190.14. The firm has a market capitalization of $18.55 billion, a PE ratio of 36.63, a price-to-earnings-growth ratio of 2.04 and a beta of 1.32.

ITT (NYSE:ITT) last released its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 10.80% and a return on equity of 16.83%. The firm’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Analysts anticipate that ITT will post 7.9 earnings per share for the current fiscal year.

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be given 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 payout ratio is currently 25.20%.

Insider Activity at ITT

In related news, CEO Luca Savi sold 63,450 shares of ITT 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 sale, the chief executive officer directly owned 262,354 shares of the company’s stock, valued at approximately $50,028,284.26. The trade was a 19.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On ITT

Several hedge funds have recently modified their holdings of the company. Compound Planning Inc. boosted its stake in shares of ITT by 8.1% during the fourth quarter. Compound Planning Inc. now owns 2,335 shares of the conglomerate’s stock valued at $405,000 after purchasing an additional 175 shares in the last quarter. Invesco Ltd. grew its stake in shares of ITT by 15.2% in 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 raised its position in ITT by 399.1% during the 4th 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 lifted its holdings in ITT by 57.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,238 shares of the conglomerate’s stock worth $2,123,000 after buying an additional 4,486 shares during the period. Finally, Raymond James Financial Inc. increased its stake in shares of ITT by 9.2% in the fourth quarter. Raymond James Financial Inc. now owns 614,616 shares of the conglomerate’s stock valued at $108,295,000 after buying an additional 51,947 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

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.