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Nykredit A S bought a new position in shares of ITT Inc. (NYSE:ITT – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,484 shares of the conglomerate’s stock, valued at approximately $689,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ITT. Amundi lifted its stake in ITT by 22,565.6% in the 1st 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. grew its position in shares of ITT by 7.4% in the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock valued at $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 in the first quarter valued at approximately $360,000. Focus Partners Wealth increased its holdings in shares of ITT by 80.7% in the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after purchasing an additional 3,515 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in ITT during the second quarter worth approximately $1,880,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Stock Performance NYSE ITT opened at $203.51 on Tuesday. The stock has a fifty day simple moving average of $200.88 and a 200-day simple moving average of $199.65. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The stock has a market cap of $18.19 billion, a PE ratio of 39.90, a P/E/G ratio of 1.67 and a beta of 1.27. ITT Inc. has a twelve month low of $166.96 and a twelve month high of $230.32.

ITT (NYSE:ITT – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.16. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. ITT’s revenue was up 51.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Equities analysts anticipate that ITT Inc. will post 8.25 earnings per share for the current year. ITT Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be issued a $0.386 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio is currently 30.20%.

Analyst Ratings Changes ITT has been the topic of a number of recent research reports. Stifel Nicolaus boosted their price objective on ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Citigroup lifted their price target on ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, August 7th. KeyCorp boosted their price target on shares of ITT from $250.00 to $263.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Wolfe Research raised shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price objective for the company in a report on Thursday, July 9th. Finally, Weiss Ratings upgraded shares of ITT from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.82.

Check Out Our Latest Stock Analysis on ITT

Insider Buying and Selling In related news, CAO Graziano De sold 700 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $214.54, for a total transaction of $150,178.00. Following the completion of the transaction, the chief accounting officer owned 7,159 shares of the company’s stock, valued at approximately $1,535,891.86. This trade represents a 8.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Luca Savi bought 5,019 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was bought at an average price of $199.56 per share, with a total value of $1,001,591.64. Following the acquisition, the chief executive officer directly owned 267,373 shares in the company, valued at $53,356,955.88. The trade was a 1.91% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.88% of the company’s stock.

ITT Company Profile (Free Report)

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.

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Bank of Nova Scotia purchased a new position in shares of ITT Inc. (NYSE:ITT – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,304 shares of the conglomerate’s stock, valued at approximately $5,597,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in ITT in the 2nd quarter valued at about $1,715,593,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of ITT by 55,929.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock valued at $263,458,000 after acquiring an additional 1,515,695 shares during the last quarter. Findlay Park Partners LLP purchased a new position in shares of ITT during the 2nd quarter worth about $276,395,000. Norges Bank acquired a new stake in shares of ITT in the fourth quarter worth approximately $194,884,000. Finally, Vanguard Group Inc. boosted its position in shares of ITT by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock worth $1,467,976,000 after acquiring an additional 620,217 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insiders Place Their Bets In other news, CAO Mesa Graziano Cheryl De sold 700 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $214.54, for a total transaction of $150,178.00. Following the completion of the transaction, the chief accounting officer owned 7,159 shares of the company’s stock, valued at approximately $1,535,891.86. The trade was a 8.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.88% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades A number of research firms recently issued reports on ITT. DA Davidson increased their target price on shares of ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. KeyCorp lifted their price target on shares of ITT from $250.00 to $263.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Weiss Ratings downgraded shares of ITT from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Robert W. Baird set a $246.00 price objective on shares of ITT in a research report on Thursday, May 7th. Finally, Citigroup raised their target price on shares of ITT from $254.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, ITT currently has a consensus rating of “Moderate Buy” and an average price target of $241.08. Get Our Latest Analysis on ITT

ITT Trading Up 0.5% NYSE:ITT opened at $205.96 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average is $199.45 and its two-hundred day moving average is $199.62. ITT Inc. has a 52 week low of $166.96 and a 52 week high of $230.32. The company has a market cap of $18.41 billion, a PE ratio of 40.38, a P/E/G ratio of 1.68 and a beta of 1.27.

ITT (NYSE:ITT – Get Free Report) last released its earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.16. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. The firm’s revenue for the quarter was up 51.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, analysts predict that ITT Inc. will post 8.25 EPS for the current year.

ITT Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be paid a dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio is presently 30.20%.

ITT Company Profile (Free Report)

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.

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BlackRock Inc. bought a new stake in ITT Inc. (NYSE:ITT – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,675,129 shares of the conglomerate’s stock, valued at approximately $1,715,593,000. BlackRock Inc. owned 9.70% of ITT at the end of the most recent quarter.

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

Wall Street Analyst Weigh In A number of brokerages have recently issued reports on ITT. KeyCorp boosted their target price on shares of ITT from $250.00 to $263.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Citigroup raised their price target on shares of ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Robert W. Baird set a $246.00 price objective on shares of ITT in a report on Thursday, May 7th. BMO Capital Markets restated an “outperform” rating and issued a $273.00 target price on shares of ITT in a research note on Friday, August 7th. Finally, Wall Street Zen lowered shares of ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $241.08.

Read Our Latest Stock Analysis on ITT Insider Activity at ITT In other news, CAO Mesa Graziano Cheryl De sold 700 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $214.54, for a total value of $150,178.00. Following the sale, the chief accounting officer directly owned 7,159 shares in the company, valued at approximately $1,535,891.86. This trade represents a 8.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.88% of the company’s stock.

ITT Stock Down 2.0% ITT stock opened at $213.34 on Thursday. The business has a fifty day moving average of $198.17 and a two-hundred day moving average of $198.99. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60. The firm has a market cap of $19.07 billion, a P/E ratio of 41.83, a P/E/G ratio of 1.78 and a beta of 1.27. ITT Inc. has a twelve month low of $164.00 and a twelve month high of $230.32.

ITT (NYSE:ITT – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.16. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.The business’s revenue was up 51.5% compared to the same quarter last year. During the same period last year, the business posted $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, analysts forecast that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th. ITT’s dividend payout ratio is presently 30.20%.

About ITT (Free Report)

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.

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Posted by Defense World Staff on Aug 8th, 2026

Empowered Funds LLC increased its holdings in shares of ITT Inc. (NYSE:ITT – Free Report) by 174.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,528 shares of the conglomerate’s stock after acquiring an additional 4,785 shares during the quarter. Empowered Funds LLC’s holdings in ITT were worth $1,434,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Elyxium Wealth LLC acquired a new position in shares of ITT during the fourth quarter valued at $29,000. Bayban bought a new stake in shares of ITT during the 4th quarter worth about $31,000. Parkside Financial Bank & Trust increased its position in shares of ITT by 62.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 76 shares during the period. Entrust Financial LLC bought a new stake in shares of ITT in the 4th quarter worth $36,000. Finally, Triumph Capital Management bought a new stake in shares of ITT in the 3rd quarter worth $37,000. Institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth Several analysts recently commented on ITT shares. Citigroup increased their target price on shares of ITT from $254.00 to $267.00 and gave the company a “buy” rating in a research note on Friday. DA Davidson lifted their target price on ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Barclays boosted their target price on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Robert W. Baird set a $246.00 target price on ITT in a report on Thursday, May 7th. Finally, KeyCorp increased their price target on ITT from $250.00 to $263.00 and gave the company an “overweight” rating in a research report on Friday. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $240.25.

Get Our Latest Research Report on ITT

ITT Stock Performance NYSE:ITT opened at $213.50 on Friday. The firm has a market capitalization of $19.09 billion, a PE ratio of 41.86, a PEG ratio of 1.94 and a beta of 1.27. The firm’s fifty day simple moving average is $194.15 and its 200 day simple moving average is $197.01. ITT Inc. has a 1 year low of $164.00 and a 1 year high of $230.32. The company has a current ratio of 1.26, a quick ratio of 1.01 and a debt-to-equity ratio of 0.60.

ITT (NYSE:ITT – Get Free Report) last released its earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.16. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. The firm’s revenue was up 51.5% on a year-over-year basis. During the same quarter last year, the company earned $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, sell-side analysts anticipate that ITT Inc. will post 8.22 EPS for the current year.

ITT Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be paid a $0.386 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio is currently 27.16%.

More ITT News Here are the key news stories impacting ITT this week:

Positive Sentiment: ITT reported second-quarter adjusted EPS of $2.08, ahead of the $1.92–$1.93 analyst consensus, while revenue rose approximately 51% year over year to $1.47 billion, exceeding estimates. ITT Q2 Earnings Beat Estimates on Broad-Based Organic Growth Positive Sentiment: Organic revenue and orders both grew 13%, while total orders increased 53%. Strength in aerospace and defense, commercial aerospace, rail, pump projects and the Friction business supported the quarter. ITT Reports Second-Quarter Results and Raises Guidance Positive Sentiment: Management raised 2026 adjusted EPS guidance to $8.12–$8.32, or $8.22 at the midpoint, from $7.70–$8.00, above the roughly $7.92 consensus. The company also increased its organic revenue-growth outlook to 5%–8% from 4%–6% and raised expectations for revenue, margins and cash flow. ITT Raises 2026 Guidance Positive Sentiment: The SPX FLOW acquisition drove substantial sales growth, and management said integration, cost synergies and debt repayment are progressing ahead of plan, potentially improving future profitability and leverage. ITT Q2 Deep Dive Neutral Sentiment: ITT declared a quarterly dividend of $0.386 per share, payable October 5 to shareholders of record September 8. The approximately 0.7% yield adds shareholder support but is unlikely to be the primary stock catalyst. Negative Sentiment: SPX FLOW integration is contributing to margin dilution despite improving synergies, leaving execution and profitability risks as investors assess the acquisition-led growth strategy. ITT insiders have also reported only open-market sales—not purchases—in recent months. ITT Company Profile (Free Report)

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.

Further Reading Five stocks we like better than ITT Datadog’s Drop Says More About Expectations Than Earnings D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus Solventum Nears Inflection Point As It Begins to Unlock Value Want to see what other hedge funds are holding ITT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ITT Inc. (NYSE:ITT – Free Report).

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Key Takeaways ITT's Q2 earnings rose 18.2% as segment operating income and operations strengthened.Flow Technologies sales surged 122.7%, aided by SPX FLOW and strength in pump projects and valves.ITT raised 2026 earnings, revenue growth, margin and free cash flow guidance. ITT Inc.’s (ITT - Free Report) second-quarter 2026 adjusted earnings of $2.08 per share surpassed the Zacks Consensus Estimate of $1.93. The bottom line jumped 18.2% year over year, aided by strong segment operating income and solid commercial and operational performance.

Total revenues of $1.47 billion beat the consensus estimate of $1.39 billion. The top line increased 51.5% year over year. Organic sales rose 12.7% year over year, driven by strength in aerospace and defense, connectors, pump projects and continued outperformance in Friction aftermarket.

ITT’s Segmental ResultsIn the first quarter of 2026, the company combined the Industrial Process segment with its SPX FLOW business to form the Flow Technologies segment.

Revenues from the Flow Technologies segment totaled $792.5 million, up 122.7% year over year. The increase primarily reflected the first full quarter of contributions from the SPX FLOW acquisition, along with strength in pump projects and valves. Our estimate was $718.7 million. Organic sales increased 20.7% and adjusted operating income grew 107.8% on a year-over-year basis.

Revenues from the Motion Technologies segment amounted to $403.6 million, implying a year-over-year increase of 5.6%. The higher sales were attributable to increased volumes from market share gains and favorable foreign currency impacts, partly offset by pricing. Our estimate was $278.6 million. Organic revenues increased 1.6% year over year. Adjusted operating income increased 10%.

Revenues from the Connect & Control Technologies segment of $295.7 million rose 17.4% year over year on a reported basis and 17.3% organically. Our estimate was $271.5 million. The results were driven by wins in defense and industrial connectors and aerospace components, along with favorable pricing actions. Adjusted operating income increased 23% year over year.

ITT’s Margin ProfileITT’s cost of revenues increased 54.9% year over year to $963 million. The gross profit jumped 45.4% to $510.1 million.

General and administrative expenses increased 68.3% year over year to $143.9 million. Sales and marketing expenses rose 70.2% to $87.5 million. Research and development expenses increased 31.6% year over year to $35.8 million.

Adjusted operating income rose 54.9% year over year to $295.2 million. The margin expanded 40 basis points to 20%.

ITT’s Balance Sheet and Cash FlowExiting the second quarter, ITT had cash and cash equivalents of $590.8 million compared with $1.74 billion at the end of fourth-quarter 2025. The company’s short-term borrowings were $858.4 million compared with $261.3 million at the end of December 2025.

In the first six months of 2026, ITT generated net cash of $231.1 million from operating activities compared with $267.1 million in the year-ago period. Capital expenditure totaled $55.2 million in the same period, up 3.8% year over year. Free cash flow was $176 million compared with $214 million in the prior-year period.

During the first six months of the year, ITT paid out dividends of $69.5 million, up 23.7% year over year. It repurchased shares worth $104.9 million in the period.

ITT's OutlookFor 2026, ITT raised its adjusted earnings guidance to $8.12-$8.32 per share from $7.70-$8.00 previously expected. The company also increased its revenue growth forecast to 38-41% from 36-38%, with organic growth now expected at 5-8% compared with 4-6% earlier. Adjusted operating margin guidance was raised to 20-20.9% from 19.7-20.6% anticipated before. Free cash flow is now projected at $550-$580 million, indicating a free cash flow margin of 10-11%.

ITT’s Zacks RankPerformance of Other CompaniesCarlisle Companies Incorporated (CSL - Free Report) reported second-quarter 2026 adjusted earnings of $7.03 per share, which beat the Zacks Consensus Estimate of $6.43 by 9.3%. The bottom line increased 12% year over year.

Revenues rose 8% year over year to a record $1.57 billion and surpassed the consensus estimate of $1.47 billion.

3M Company (MMM - Free Report) reported second-quarter 2026 adjusted earnings of $2.40 per share, which surpassed the Zacks Consensus Estimate of $2.27 by 5.7%. The bottom line increased 11% year over year.

MMM’s adjusted net revenues of $6.5 billion topped the consensus estimate of $6.4 billion and grew 5.5%. On an adjusted basis, organic revenues increased 5.4% year over year.

Graco Inc. (GGG - Free Report) reported second-quarter 2026 adjusted earnings of 91 cents per share, up 17% from 78 cents in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of 81 cents by 12.4%.

The company’s net sales rose 3% year over year to $590.6 million but lagged the consensus estimate of $609 million by 3%. Organic order backlog (excluding acquisitions) rose 28% from the end of 2025.

Posted by Defense World Staff on Aug 6th, 2026

Bank of America Corp DE boosted its position in shares of ITT Inc. (NYSE:ITT – Free Report) by 20.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 902,638 shares of the conglomerate’s stock after purchasing an additional 152,635 shares during the quarter. Bank of America Corp DE owned about 1.01% of ITT worth $171,980,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Diversified Trust Co purchased a new stake in shares of ITT in the 1st quarter valued at $2,478,000. TimesSquare Capital Management LLC raised its holdings in shares of ITT by 10.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 226,700 shares of the conglomerate’s stock worth $39,335,000 after purchasing an additional 21,200 shares during the last quarter. Payden & Rygel lifted its position in ITT by 34.7% during the fourth quarter. Payden & Rygel now owns 112,500 shares of the conglomerate’s stock valued at $19,520,000 after purchasing an additional 29,000 shares during the period. Allspring Global Investments Holdings LLC lifted its position in ITT by 15.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 110,200 shares of the conglomerate’s stock valued at $21,264,000 after purchasing an additional 15,004 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in ITT by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after purchasing an additional 620,217 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

ITT Price Performance Shares of ITT stock opened at $204.08 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71. ITT Inc. has a twelve month low of $163.30 and a twelve month high of $225.26. The business has a 50-day moving average price of $193.37 and a 200 day moving average price of $196.68. The firm has a market cap of $18.24 billion, a PE ratio of 35.99, a P/E/G ratio of 1.93 and a beta of 1.27.

ITT (NYSE:ITT – Get Free Report) last announced its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.21. The business 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 business’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 EPS. Sell-side analysts predict that ITT Inc. will post 7.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth Several equities research analysts have weighed in on ITT shares. Citigroup increased their price target on ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. DA Davidson boosted their price objective on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a report on Monday, May 11th. Barclays upped their target price on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Robert W. Baird set a $246.00 price target on ITT in a research report on Thursday, May 7th. Finally, Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $234.75.

Check Out Our Latest Report on ITT

Insider Activity at ITT In related news, insider Lori B. Marino sold 7,123 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the completion of the sale, the insider directly owned 8,729 shares in the company, valued at approximately $1,817,988.83. The trade was a 44.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.88% of the company’s stock.

About ITT (Free Report)

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.

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ITT Inc. (ITT) Q2 2026 Earnings Call August 6, 2026 8:30 AM EDT

Company Participants

Carleen Salvage - Vice President of Investor Relations and FP&A
Luca Savi - CEO, President & Director
Michael Savinelli - Interim CFO, VP, Treasurer, Chief Tax Officer & Assistant Secretary

Conference Call Participants

Scott Davis - Melius Research LLC
Jeffrey Hammond - KeyBanc Capital Markets Inc., Research Division
Michael Halloran - Robert W. Baird & Co. Incorporated, Research Division
Daniel DiCicco - BMO Capital Markets Equity Research
Joseph Giordano - TD Cowen, Research Division
Nathan Jones - Stifel, Nicolaus & Company, Incorporated, Research Division
Vladimir Bystricky - Citigroup Inc., Research Division
Andrew Obin - BofA Securities, Research Division
Joseph Ritchie - Goldman Sachs Group, Inc., Research Division

Presentation

Operator

Welcome to ITT's 2026 Second Quarter Conference Call. Today is Thursday, August 6, 2026. Today's call is being recorded and will be available for replay beginning at 12:00 p.m. Eastern Time. [Operator Instructions]

It is now my pleasure to turn the floor over to Carleen Salvage, Vice President, Investor Relations and FP&A. You may begin.

Carleen Salvage
Vice President of Investor Relations and FP&A

Thank you, Liz, and good morning. Joining me in Stamford today are Luca Savi, ITT's Chief Executive Officer and President; and Mike Savinelli, Interim Chief Financial Officer. Today's call will cover ITT's financial results for the 3-month period ended July 4, 2026, which we announced this morning.

Please refer to Slide 2 of the presentation available on our website, where we note that today's comments will include forward-looking statements that are based on our current expectations. Actual results may differ materially due to several risks and uncertainties, including those described in our 2025 annual report on Form 10-K and other recent SEC filings. Except where otherwise noted, the second quarter results we present this morning will be compared to the second quarter of 2025 and

STAMFORD, Conn.--(BUSINESS WIRE)--ITT Inc. (NYSE: ITT) today reported financial results for the second quarter ended July 4, 2026.

In its upcoming report, ITT (ITT - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.93 per share, reflecting an increase of 17.7% compared to the same period last year. Revenues are forecasted to be $1.39 billion, representing a year-over-year increase of 43.2%.

Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

In light of this perspective, let's dive into the average estimates of certain ITT metrics that are commonly tracked and forecasted by Wall Street analysts.

Analysts' assessment points toward 'Revenue- Connect & Control Technologies (CCT)' reaching $272.81 million. The estimate indicates a year-over-year change of +8.3%.

The collective assessment of analysts points to an estimated 'Revenue- Motion Technologies (MT)' of $394.06 million. The estimate points to a change of +7.8% from the year-ago quarter.

The combined assessment of analysts suggests that 'Adjusted Operating Income- Connect & Control Technologies (CCT)' will likely reach $60.14 million. Compared to the present estimate, the company reported $45.10 million in the same quarter last year.

Based on the collective assessment of analysts, 'Adjusted Operating Income- Motion Technologies (MT)' should arrive at $82.08 million. The estimate is in contrast to the year-ago figure of $73.80 million.

View all Key Company Metrics for ITT here>>>

Shares of ITT have demonstrated returns of +10.9% over the past month compared to the Zacks S&P 500 composite's +3.5% change. With a Zacks Rank #4 (Sell), ITT is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

On July 29, 2026, ITT Inc (ITT) shares fell 4.1% to a current price of $190.80. This price is within a 52-week range of $157.67 to $225.26, reflecting a notable

Posted by Defense World Staff on Jul 28th, 2026

Bank of Nova Scotia cut its stake in shares of ITT Inc. (NYSE:ITT – Free Report) by 65.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,658 shares of the conglomerate’s stock after selling 49,923 shares during the quarter. Bank of Nova Scotia’s holdings in ITT were worth $5,079,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ITT. Sei Investments Co. grew its position in ITT by 15.1% during the 1st quarter. Sei Investments Co. now owns 114,867 shares of the conglomerate’s stock worth $21,883,000 after acquiring an additional 15,090 shares during the last quarter. Lido Advisors LLC bought a new stake in shares of ITT during the first quarter worth about $294,000. Cetera Investment Advisers increased its stake in shares of ITT by 3.1% in the first quarter. Cetera Investment Advisers now owns 10,802 shares of the conglomerate’s stock valued at $2,058,000 after buying an additional 328 shares during the period. Meeder Advisory Services Inc. bought a new position in ITT in the 1st quarter valued at approximately $201,000. Finally, Parallel Advisors LLC raised its holdings in ITT by 31.4% in the 1st quarter. Parallel Advisors LLC now owns 958 shares of the conglomerate’s stock valued at $183,000 after buying an additional 229 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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

ITT Trading Up 0.8% NYSE ITT opened at $197.50 on Tuesday. The business’s fifty day moving average is $192.92 and its 200-day moving average is $195.87. 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 stock has a market capitalization of $17.66 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 1.84 and a beta of 1.27. ITT Inc. has a one year low of $157.66 and a one year high of $225.26.

ITT (NYSE:ITT – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. ITT had a return on equity of 16.83% and a net margin of 10.80%.The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the business posted $1.45 EPS. The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Equities research analysts predict that ITT Inc. will post 7.89 EPS for the current year.

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

Wall Street Analysts Forecast Growth A number of brokerages have recently issued reports on ITT. Robert W. Baird set a $246.00 price objective on ITT in a research report on Thursday, May 7th. The Goldman Sachs Group started coverage on shares of ITT in a research report on Tuesday, March 31st. They set a “buy” rating and a $270.00 target price for the company. DA Davidson raised their price target on shares of ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Wall Street Zen downgraded shares of ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Stifel Nicolaus upped their price objective on shares of ITT from $246.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.75.

View Our Latest Stock Analysis on ITT

ITT Profile (Free Report)

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.

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Posted by Defense World Staff on Jul 22nd, 2026

California Public Employees Retirement System lifted its stake in ITT Inc. (NYSE:ITT – Free Report) by 7.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 165,478 shares of the conglomerate’s stock after purchasing an additional 11,078 shares during the period. California Public Employees Retirement System owned 0.19% of ITT worth $31,529,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Andina Capital Management LLC boosted its position in ITT by 1.6% during the 4th quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock valued at $549,000 after acquiring an additional 49 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in shares of ITT by 2.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock worth $370,000 after acquiring an additional 52 shares in the last quarter. Whittier Trust Co. raised its position in shares of ITT by 5.1% in the 1st quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock worth $207,000 after acquiring an additional 52 shares in the last quarter. Toronto Dominion Bank lifted its stake in shares of ITT by 2.2% in the 4th quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock valued at $430,000 after purchasing an additional 53 shares during the period. Finally, Stephens Inc. AR lifted its stake in shares of ITT by 3.8% in the 4th quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock valued at $287,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In Several equities research analysts recently weighed in on ITT shares. BMO Capital Markets began 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. Citigroup raised their price objective on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings cut shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Barclays upped their target price on shares of ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, KeyCorp increased their price target on shares of ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ITT has an average rating of “Moderate Buy” and an average price target of $234.75.

Read Our Latest Research Report on ITT

ITT Stock Performance ITT stock opened at $191.96 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $17.16 billion, a P/E ratio of 33.85, a PEG ratio of 1.80 and a beta of 1.27. The stock’s 50 day moving average is $193.21 and its 200 day moving average is $195.34. ITT Inc. has a twelve month low of $155.58 and a twelve month high of $225.26.

ITT (NYSE:ITT – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. ITT had a return on equity of 16.83% and a net margin of 10.80%.The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the business earned $1.45 earnings per share. The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, equities research analysts predict that ITT Inc. will post 7.91 earnings per share for the current fiscal year.

ITT Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 8th were given a $0.386 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, June 8th. ITT’s payout ratio is currently 27.16%.

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

About ITT (Free Report)

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.

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Posted by Defense World Staff on Jul 21st, 2026

Bank of New York Mellon Corp reduced its holdings in ITT Inc. (NYSE:ITT – Free Report) by 9.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 619,524 shares of the conglomerate’s stock after selling 68,403 shares during the quarter. Bank of New York Mellon Corp owned about 0.69% of ITT worth $118,038,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Elyxium Wealth LLC purchased a new position in ITT during the 4th quarter valued at $29,000. Bayban purchased a new stake in shares of ITT in the 4th quarter worth about $31,000. Parkside Financial Bank & Trust boosted its stake in shares of ITT by 62.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 76 shares in the last quarter. Triumph Capital Management purchased a new position in shares of ITT during the third quarter valued at about $37,000. Finally, Entrust Financial LLC purchased a new position in shares of ITT during the fourth quarter valued at about $36,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Trading Down 0.7% ITT stock opened at $191.18 on Tuesday. ITT Inc. has a 12 month low of $155.58 and a 12 month high of $225.26. The company has a market capitalization of $17.09 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 1.81 and a beta of 1.27. The business’s fifty day simple moving average is $193.49 and its two-hundred day simple moving average is $195.21. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.

ITT (NYSE:ITT – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.21. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.ITT’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, equities analysts predict that ITT Inc. will post 7.91 earnings per share for the current fiscal year.

ITT Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 8th were given a dividend of $0.386 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s dividend payout ratio (DPR) is 27.16%.

Wall Street Analysts Forecast Growth Several analysts have commented on ITT shares. The Goldman Sachs Group assumed coverage on shares of ITT in a report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price objective for the company. DA Davidson raised their target price on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Wolfe Research upgraded ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price target on the stock in a research report on Thursday, July 9th. Citigroup upped their price target on ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings cut shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $234.75.

View Our Latest Stock Analysis on ITT

Insider Buying and Selling In related news, insider Lori B. Marino sold 7,123 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $208.27, for a total value of $1,483,507.21. Following the transaction, the insider directly owned 8,729 shares of the company’s stock, valued at approximately $1,817,988.83. This represents a 44.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the 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 sale, the chief accounting officer owned 7,859 shares in the company, valued at approximately $1,637,894.19. This represents a 2.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by insiders.

ITT Company Profile (Free Report)

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.

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Investors interested in stocks from the Diversified Operations sector have probably already heard of Grupo Cibest (CIB - Free Report) and ITT (ITT - Free Report) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.

Right now, Grupo Cibest is sporting a Zacks Rank of #1 (Strong Buy), while ITT has a Zacks Rank of #4 (Sell). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that CIB is likely seeing its earnings outlook improve to a greater extent. But this is only part of the picture for value investors.

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.

The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.

CIB currently has a forward P/E ratio of 9.07, while ITT has a forward P/E of 24.34. We also note that CIB has a PEG ratio of 0.92. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. ITT currently has a PEG ratio of 1.81.

Another notable valuation metric for CIB is its P/B ratio of 1.69. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, ITT has a P/B of 3.63.

These metrics, and several others, help CIB earn a Value grade of A, while ITT has been given a Value grade of D.

CIB stands above ITT thanks to its solid earnings outlook, and based on these valuation figures, we also feel that CIB is the superior value option right now.

STAMFORD, Conn.--(BUSINESS WIRE)--July 6, 2026-- ITT Inc. (NYSE: ITT) today announced the completion of its acquisition of the privately held Aerospace Contacts LLC (Aerospace Contacts), a recognized manufacturer of critical, high-reliability precision contacts, for a purchase price of $31 million.

Aerospace Contacts’ product portfolio primarily consists of custom contacts, housings and shells, with specialized capabilities supporting high-mix, custom contact requirements for harsh-environment connector applications. The majority of its annual sales are generated from customers in the Americas serving the aerospace and defense end markets.

Aerospace Contacts is a long-standing supplier of ITT Cannon and will strengthen supply chain resilience as part of ITT's Connect & Control Technologies business while also positioning ITT for further growth in this highly strategic market.

About ITT
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, nutrition and health and energy markets. The company operates through three value centers: Flow Technologies, Motion Technologies and Connect & Control Technologies. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in Stamford, Connecticut, with employees in more than 40 countries and sales in approximately 125 countries. For more information, visit www.itt.com.

ITT-O

More News From ITT Inc.

ITT benefits from strong segment growth, acquisitions and shareholder returns, though rising costs and debt remain concerns.

STAMFORD, Conn.--(BUSINESS WIRE)--June 29, 2026-- ITT Inc. (NYSE: ITT) today announced the election of Bertrand Loy and Kevin Wheeler to its Board of Directors.

“We are delighted to appoint to the ITT Board two highly accomplished, results-driven leaders,” said ITT Chair of the Board Nazzic S. Keene. “Their appointments reflect our disciplined approach to board refreshment and our focus on adding directors with capabilities and skillsets aligned with the strategic direction and business goals of ITT.”

“Bertrand brings a powerful combination of public company CEO experience, global manufacturing and supply chain leadership, and a strong record of scaling technology-driven industrial businesses driven by both organic and inorganic growth. His expertise in strategy, operational excellence, capital allocation and M&A integration will be highly relevant as ITT advances its portfolio and growth priorities,” said ITT Chief Executive Officer and President Luca Savi.

Savi continued, “Kevin has led a multibillion-dollar global industrial manufacturing enterprise, with deep experience across operations and sales, M&A and executive talent development. His track record of building high-performing teams, expanding global businesses and creating shareholder value will bring valuable perspective as we continue to strengthen ITT’s execution rigor and pursue disciplined growth. We are pleased to welcome both Bertrand and Kevin to the Board.”

The appointments are effective as of August 1, 2026. The Board also appointed Mr. Loy to the Audit Committee and Mr. Wheeler to the Nominating and Governance Committee, in each case effective August 1, 2026.

About Bertrand Loy

Mr. Loy is Executive Chairman and former Chief Executive Officer of Entegris, Inc. (Nasdaq: ENTG), a global supplier of advanced materials and process solutions for the semiconductor and other high-technology industries. He served as Chief Executive Officer from 2012 to 2025 and was appointed Executive Chairman in 2025. Earlier in his tenure at Entegris, he held senior leadership roles, including Chief Operating Officer and Executive Vice President of Global Supply Chain and Manufacturing.

Mr. Loy also serves as an independent director of Ashland Inc. (NYSE: ASH), where he is a member of the Audit Committee and the Governance and Nominating Committee. He brings extensive global leadership experience and deep expertise in innovation and financial management. He holds an MBA from ESSEC Business School in France.

About Kevin Wheeler

Mr. Wheeler is Executive Chairman and former Chief Executive Officer of A. O. Smith Corporation (NYSE: AOS), a global water technologies manufacturer serving customers in more than 60 countries. He served as Chief Executive Officer from 2018 to 2025 and became Executive Chairman in 2025. During his more than 30-year career with A. O. Smith, Mr. Wheeler has held leadership roles spanning sales, marketing, international business development, global operations, manufacturing and engineering.

Mr. Wheeler also serves as an independent director of Graco Inc. (NYSE: GGG), where he is a member of the Management Organization and Compensation Committee and the Governance Committee. Mr. Wheeler holds a Bachelor of Science degree in Finance from the University of Nevada and completed the Advanced Management Program at Harvard Business School.

About ITT

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, nutrition and health and energy markets. The company operates through three value centers: Flow Technologies, Motion Technologies and Connect & Control Technologies. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in Stamford, Connecticut, with employees in more than 40 countries and sales in approximately 125 countries. For more information, visit www.itt.com.

ITT-O

More News From ITT Inc.

ITT (ITT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

The Conglomerates group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is ITT (ITT - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.

ITT is a member of our Conglomerates group, which includes 19 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. ITT is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for ITT's full-year earnings has moved 6.9% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the most recent data, ITT has returned 12.5% so far this year. In comparison, Conglomerates companies have returned an average of 9.1%. As we can see, ITT is performing better than its sector in the calendar year.

One other Conglomerates stock that has outperformed the sector so far this year is Marubeni Corp. (MARUY - Free Report) . The stock is up 13.7% year-to-date.

The consensus estimate for Marubeni Corp.'s current year EPS has increased 2.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, ITT is a member of the Diversified Operations industry, which includes 19 individual companies and currently sits at #109 in the Zacks Industry Rank. This group has gained an average of 9.1% so far this year, so ITT is performing better in this area. Marubeni Corp. is also part of the same industry.

ITT and Marubeni Corp. could continue their solid performance, so investors interested in Conglomerates stocks should continue to pay close attention to these stocks.

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.

By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.

However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.

Our proprietary system currently recommends ITT (ITT - Free Report) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.

Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.

While there are numerous reasons why the stock of this supplier of parts and services to a wide variety of industries is a great growth pick right now, we have highlighted three of the most important factors below:

Earnings GrowthArguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.

While the historical EPS growth rate for ITT is 13.9%, investors should actually focus on the projected growth. The company's EPS is expected to grow 17.5% this year, crushing the industry average, which calls for EPS growth of 13.1%.

Cash Flow GrowthCash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds.

Right now, year-over-year cash flow growth for ITT is 9.8%, which is higher than many of its peers. In fact, the rate compares to the industry average of -2.1%.

While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 11.7% over the past 3-5 years versus the industry average of 7.1%.

Promising Earnings Estimate RevisionsSuperiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

There have been upward revisions in current-year earnings estimates for ITT. The Zacks Consensus Estimate for the current year has surged 6.8% over the past month.

Bottom LineITT has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

This combination indicates that ITT is a potential outperformer and a solid choice for growth investors.

Posted by Defense World Staff on Apr 24th, 2026

Evergreen Capital Management LLC increased its holdings in ITT Inc. (NYSE:ITT – Free Report) by 189.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,504 shares of the conglomerate’s stock after acquiring an additional 4,255 shares during the quarter. Evergreen Capital Management LLC’s holdings in ITT were worth $1,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. iSAM Funds UK Ltd bought a new position in shares of ITT in the 3rd quarter worth about $2,113,000. Chesapeake Capital Corp IL bought a new stake in ITT during the 3rd quarter valued at about $1,125,000. Brown Brothers Harriman & Co. increased its stake in ITT by 86,878.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock valued at $47,889,000 after purchasing an additional 267,585 shares in the last quarter. Mawer Investment Management Ltd. increased its stake in ITT by 23.6% during the 3rd quarter. Mawer Investment Management Ltd. now owns 402,919 shares of the conglomerate’s stock valued at $72,026,000 after purchasing an additional 76,841 shares in the last quarter. Finally, Regents Gate Capital LLP bought a new stake in ITT during the 3rd quarter valued at about $9,381,000. 91.59% of the stock is currently owned by institutional investors.

ITT Stock Performance Shares of NYSE ITT opened at $219.40 on Friday. The firm’s 50-day moving average price is $199.71 and its 200-day moving average price is $187.69. 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 company has a market cap of $19.61 billion, a PE ratio of 35.91, a PEG ratio of 2.04 and a beta of 1.32. ITT Inc. has a 52-week low of $131.98 and a 52-week high of $224.12.

ITT (NYSE:ITT – Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.06. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. ITT had a net margin of 12.39% and a return on equity of 17.74%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, analysts anticipate that ITT Inc. will post 7.9 EPS for the current year.

ITT Increases Dividend The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 6th were issued a dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, March 6th. This is a boost from ITT’s previous quarterly dividend of $0.35. ITT’s payout ratio is 25.20%.

Wall Street Analyst Weigh In A number of research firms have weighed in on ITT. Robert W. Baird set a $222.00 price objective on shares of ITT in a research note on Friday, February 6th. The Goldman Sachs Group began coverage on shares of ITT in a research note on Tuesday, March 31st. They set a “buy” rating and a $270.00 price objective for the company. BMO Capital Markets began coverage on shares of ITT in a research note on Friday, March 27th. They set an “outperform” rating and a $233.00 price objective for the company. Barclays reduced their price objective on shares of ITT from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Finally, Stifel Nicolaus raised their price objective on shares of ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Ten 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.55.

Read Our Latest Stock Report on ITT

Insider Activity In other news, CEO Luca Savi sold 63,450 shares of the firm’s stock in a transaction dated 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 owned 262,354 shares of the company’s stock, valued at $50,028,284.26. This trade represents a 19.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.88% of the stock is currently owned by insiders.

ITT Company Profile (Free Report)

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.

Recommended Stories Five stocks we like better than ITT Want to see what other hedge funds are holding ITT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ITT Inc. (NYSE:ITT – Free Report).

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Posted by Defense World Staff on Apr 26th, 2026

AEGON ASSET MANAGEMENT UK Plc raised its stake in shares of ITT Inc. (NYSE:ITT – Free Report) by 53.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 169,781 shares of the conglomerate’s stock after buying an additional 59,163 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.20% of ITT worth $29,449,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Amundi increased its stake in shares of ITT by 22,565.6% in the 1st 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 stake in shares of ITT by 7.4% in the 1st 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 purchased a new stake in shares of ITT in the 1st quarter worth $360,000. Focus Partners Wealth increased its stake in shares of ITT by 80.7% in the 1st 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 purchased a new stake in ITT in the 2nd quarter worth $1,880,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In ITT has been the subject of a number of analyst reports. The Goldman Sachs Group started coverage on ITT in a research note on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price target for the company. Stifel Nicolaus increased their price objective on shares of ITT from $218.00 to $228.00 and gave the company a “buy” rating in a report on Friday, February 6th. BMO Capital Markets started coverage on shares of ITT in a report on Friday, March 27th. They set an “outperform” rating and a $233.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a report on Tuesday. Finally, Wall Street Zen raised shares of ITT from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.55.

Get Our Latest Stock Report on ITT

Insider Activity at ITT In other news, CEO Luca Savi sold 63,450 shares of the firm’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 transaction, the chief executive officer directly owned 262,354 shares of the company’s stock, valued at approximately $50,028,284.26. This trade represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.88% of the company’s stock.

ITT Stock Up 0.0% Shares of NYSE:ITT opened at $219.12 on Friday. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. ITT Inc. has a 12 month low of $132.92 and a 12 month high of $224.12. The company has a market cap of $19.59 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 2.06 and a beta of 1.32. The company has a 50-day moving average price of $200.02 and a 200 day moving average price of $188.02.

ITT (NYSE:ITT – Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.06. ITT had a net margin of 12.39% and a return on equity of 17.74%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company posted $1.50 EPS. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, equities research analysts predict that ITT Inc. will post 7.9 earnings per share for the current year.

ITT Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 6th were given a $0.386 dividend. This is an increase from ITT’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.54 dividend on an annualized basis and a yield of 0.7%. ITT’s dividend payout ratio is currently 25.20%.

About ITT (Free Report)

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.

Further Reading Five stocks we like better than ITT

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STAMFORD, Conn.--(BUSINESS WIRE)--May 6, 2026-- ITT Inc. (NYSE: ITT) today reported financial results for the first quarter ended April 4, 2026. The company reported revenue of $1.2 billion, with growth of 33% (11% organic) versus prior year, driven by aerospace and defense in Connect & Control Technologies (CCT), continued share gains in Motion Technologies (MT), and pumps and valves momentum in Flow Technologies (FT). The SPX FLOW acquisition adds 17 points of revenue growth and there were four additional working days in the quarter versus the prior year.

As previously announced, ITT revised its adjusted operating income, adjusted income from continuing operations and adjusted EPS definitions to exclude acquisition-related intangible amortization expense for both current and historical periods. This change provides a more meaningful basis for comparison and better reflects core operating results amidst ITT’s ongoing portfolio evolution.

First quarter operating income of $141 million decreased 6% versus prior year due to higher costs related to the acquisition of SPX FLOW. Excluding special items, adjusted operating income increased 42% driven by higher volume, productivity benefits, and foreign exchange favorability, partially offset by material cost inflation. In addition, SPX FLOW had an immediate accretive effect to the quarter, on an adjusted basis. Operating margin decreased 480 basis points to 11.7% versus prior year, while adjusted operating margin of 20.3% increased by 130 basis points.

EPS for the first quarter of $0.89 decreased 33.1% versus prior year and adjusted EPS of $1.98 increased 25% due to higher segment operating income and the impacts from the acquisition of SPX FLOW including acquisition-related costs, higher interest expense, effective tax rate and weighted-average share count.

Net cash from operating activities for the first quarter of $39.9 million decreased $73.5 million or 64.8% and free cash flow for the quarter decreased 82.0% versus prior year, primarily driven by $71 million of one-time acquisition-related payments and higher working capital partially offset by higher segment operating income.

Table 1. First Quarter Performance

Q1 2026

Q1 2025

Change

Revenue

$

1,211.9

$

913.0

32.7

%

Organic Growth

10.9

%

Operating Income

$

141.2

$

150.9

(6.4

)

%

Operating Margin

11.7

%

16.5

%

(480

)

bps

Adjusted Operating Income

$

245.6

$

173.3

41.7

%

Adjusted Operating Margin

20.3

%

19.0

%

130

bps

Earnings Per Share

$

0.89

$

1.33

(33.1

)

%

Adjusted Earnings Per Share

$

1.98

$

1.58

25.3

%

Net Cash from Operating Activities

$

39.9

$

113.4

(64.8

)

%

Free Cash Flow

$

13.8

$

76.6

(82.0

)

%

Note: all results unaudited; dollars in millions except for per share amounts

Management Commentary

“I am incredibly proud of, and humbled by, the performance delivered by our ITTers around the world. It was a strong quarter across the board. As we have said many times, ITT’s organic value creation engine is here to stay and in Q1, our legacy businesses proved it once again, with outstanding revenue growth driven by market share gains and continued margin expansion, fueled by our rigor and relentless execution. Each of our businesses delivered profitable growth, supported by a continuous improvement mindset that further strengthens our core operating fundamentals,” said ITT’s Chief Executive Officer and President Luca Savi.

“The SPX FLOW acquisition, ITT’s largest to date, is already contributing to our results with above market revenue growth and healthy mid-single digit growth in orders. The team is also progressing nicely in delivering our committed synergies.”

“And to top it all off, ITT’s total book-to-bill remains well above one, highlighting the strength of our future growth outlook. We are truly pumped up for what lies ahead.”

Table 2. First Quarter Segment Results

Revenue

Operating Income

Operating Margin

Q1 2026

Reported Change

Organic Growth

Q1 2026

Reported Change

Adjusted Change

Q1 2026

Reported Change

Adjusted Change

Flow Technologies

$

537.4

61.2

%

12.2

%

$

82.1

29.3

%

67.9

%

15.3

%

(380) bps

100 bps

Motion Technologies

397.2

14.8

%

5.3

%

83.4

23.4

%

21.7

%

21.0

%

150 bps

130 bps

Connect & Control Technologies

278.5

18.7

%

17.5

%

49.2

36.7

%

19.6

%

17.7

%

240 bps

10 bps

Note: all results unaudited; excludes intercompany eliminations and other of $0.1; comparisons to Q1 2025

Flow Technologies revenue increased $204 million primarily from the acquisition of SPX FLOW. Organic revenue increased 12%, primarily driven by Svanehøj and valves execution. Operating income increased $19 million, primarily driven by higher volumes and the benefits from pricing and productivity actions. Operating margin of 15.3% decreased 380 bps, while adjusted operating margin increased 100 bps.

Motion Technologies revenue increased $51 million as higher volumes and favorable foreign exchange impacts were partially offset by pricing dynamics. Organic revenue increased $18 million due to strength in Friction original equipment and KONI rail demand. Operating income increased $16 million primarily due to productivity, higher volume and the impact of favorable foreign exchange driving operating margin to 21.0%, an increase of 150 bps.

Connect and Control Technologies revenue increased $44 million driven by strength in commercial aerospace components and industrial connectors, as well as pricing actions. Operating income increased $13 million primarily due to benefits from higher volume and pricing actions, partially offset by higher material costs resulting in an operating margin of 17.7%, which increased by 240 bps.

Quarterly Dividend

The company announced today a quarterly dividend of $0.386 per share on its outstanding common stock. ITT’s Board of Directors approved the cash dividend for the second quarter of 2026, which will be payable on Monday, July 6, 2026 to shareholders of record as of the close of business on Monday, June 8, 2026.

2026 Guidance

The company expects organic revenue growth of 4% to 6%, up 36% to 38% in total; operating margin of 12.4% to 13.3% and adjusted operating margin of 19.7% to 20.6%, an increase of 30 to 120 bps. EPS is expected to be $4.15 to $4.45, with adjusted EPS of $7.70 to $8.00, representing growth of 7% to 11% for the full year. Free cash flow is now expected to be between $540 million and $580 million, representing free cash flow margin of 10% to 11% for the full year. The additional four working days in Q1 will be offset in Q4 for the full year.

It is not possible, without unreasonable efforts, to estimate the impacts of foreign currency fluctuations, acquisitions and certain other special items that may occur in 2026 as these items are inherently uncertain and difficult to predict. As a result, we are unable to quantify certain amounts that would be included in a reconciliation of organic revenue growth and adjusted operating margin to the most directly comparable GAAP financial measures without unreasonable efforts and accordingly we have not provided reconciliations for these forward-looking non-GAAP financial measures.

Investor Conference Call Details

ITT’s management will host a conference call for investors on Wednesday, May 6, 2026 at 8:30 a.m. Eastern Time. The briefing can be accessed live via a webcast which is available on the company’s website: https://investors.itt.com. A replay of the webcast will be available beginning two hours after the presentation concludes. Reconciliations of non-GAAP financial performance metrics to their most comparable U.S. GAAP financial performance metrics are defined and presented below and should not be considered a substitute for, nor superior to, the financial data prepared in accordance with U.S. GAAP.

Safe Harbor Statement

This release contains “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In addition, the conference call (including the financial results presentation material) may include, and officers and representatives of ITT may from time to time make and discuss, projections, goals, assumptions, and statements that may constitute “forward-looking statements”. These forward-looking statements are not historical facts, but rather represent only a belief regarding future events based on current expectations, estimates, assumptions and projections about our business, future financial results, the industry in which we operate, and other legal, regulatory, and economic developments. These forward-looking statements include, but are not limited to, future strategic plans and other statements that describe the company’s business strategy, outlook, objectives, plans, intentions or goals, and any discussion of future events and future operating or financial performance.

We use words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “future,” “guidance,” “intend,” “may,” “plan,” “potential,” “project,” “should,” “target,” “will,” “would,” and other similar expressions to identify such forward-looking statements. Forward-looking statements are uncertain and, by their nature, many are inherently unpredictable and outside of ITT’s control, and involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed or implied in, or reasonably inferred from, such forward-looking statements.

Where in any forward-looking statement we express an expectation or belief as to future results or events, such expectation or belief is based on current plans and expectations of our management, expressed in good faith and believed to have a reasonable basis. However, we cannot provide any assurance that the expectation or belief will occur or that anticipated results will be achieved or accomplished.

Among the factors that could cause our results to differ materially from those indicated by forward-looking statements are risks and uncertainties inherent in our business including, without limitation:

our ability to integrate the operations of SPX FLOW in a successful manner and in the expected time period; the possibility that any of the anticipated benefits and projected synergies of the acquisition of SPX FLOW will not be realized or will not be realized on the anticipated terms within the expected time period; uncertain global economic and capital markets conditions, which have been influenced by heightened geopolitical tensions, including conflicts in the Middle East involving Iran, inflation, changes in monetary policies, the threat of a possible regional or global economic recession, trade disputes between the U.S. and its trading partners, political and social unrest, and the availability and fluctuations in prices of energy and commodities, including steel, oil, copper and tin; the imposition of new or increased tariffs by the U.S. government, particularly those targeting imports from specific countries, and the potential for retaliatory trade measures by affected countries, which could disrupt global supply chains, increase costs and reduce customer demand; fluctuations in interest rates and the impact of such fluctuations on customer behavior and on our cost of debt; fluctuations in foreign currency exchange rates and the impact of such fluctuations on our revenues, customer demand for our products and on our hedging arrangements; volatility in raw material prices and our suppliers’ ability to meet quality and delivery requirements; impacts and risk of liabilities from recent mergers, acquisitions, or venture investments, and past divestitures and spin-offs; our inability to hire or retain key personnel; failure to compete successfully and innovate in our markets; failure to manage the distribution of products and services effectively; failure to protect our intellectual property rights or violations of the intellectual property rights of others; the extent to which there are quality problems with respect to manufacturing processes or finished goods; the risk of cybersecurity breaches or failure of any information systems used by the Company, including any flaws in the implementation of any enterprise resource planning systems; loss of or decrease in sales from our most significant customers; risks due to our operations and sales outside the U.S. and in emerging markets, including the imposition of tariffs and trade sanctions; fluctuations in demand or customers’ levels of capital investment, maintenance expenditures, production, and market cyclicality; the risk of material business interruptions, particularly at our manufacturing facilities; risks related to government contracting, including changes in levels of government spending and regulatory and contractual requirements applicable to sales to the U.S. government; fluctuations in our effective tax rate, including as a result of changing tax laws and other possible tax reform legislation in the U.S. and other jurisdictions; changes in environmental laws or regulations, discovery of previously unknown or more extensive contamination, or the failure of a potentially responsible party to perform; failure to comply with the U.S. Foreign Corrupt Practices Act (or other applicable anti-corruption legislation), export controls and trade sanctions; and risk of product liability claims and litigation. More information on factors that could cause actual results or events to differ materially from those anticipated is included in our Annual Report on Form 10-K for the year ended December 31, 2025 (particularly under the caption "Risk Factors"), our Quarterly Reports on Form 10-Q and in other documents we file from time to time with the SEC.

The forward-looking statements included in this release speak only as of the date hereof. We undertake no obligation (and expressly disclaim any obligation) to update any forward-looking statements, whether written or oral or as a result of new information, future events or otherwise.

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)

(IN MILLIONS, EXCEPT PER SHARE AMOUNTS)

  Three Months Ended

April 4,

2026

March 29,

2025

Revenue

$

1,211.9

$

913.0

Cost of revenue

783.1

589.8

Gross profit

428.8

323.2

General and administrative expenses

154.1

85.1

Sales and marketing expenses

73.7

47.9

Research and development expenses

33.1

25.3

Intangible amortization

26.7

14.0

Operating income

141.2

150.9

Interest expense

24.7

9.3

Interest income

(10.4

)

(1.7

)

Other non-operating income, net

(1.9

)

(1.0

)

Income before income tax expense

128.8

144.3

Income tax expense

49.3

35.2

Net income

79.5

109.1

Less: Income attributable to noncontrolling interests

1.5

0.7

Net income attributable to ITT Inc.

$

78.0

$

108.4

Earnings per share attributable to ITT Inc.:

Basic

$

0.89

$

1.33

Diluted

$

0.89

$

1.33

Weighted average common shares – basic

87.2

81.3

Weighted average common shares – diluted

87.8

81.7

CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED)

(IN MILLIONS, EXCEPT PER SHARE AMOUNTS)

  As of the Period Ended

April 4,

2026

December 31,

2025

Assets

Current assets:

Cash and cash equivalents

$

600.8

$

1,742.9

Receivables, net

1,038.0

756.1

Inventories

976.4

671.9

Other current assets

255.7

183.4

Total current assets

2,870.9

3,354.3

Non-current assets:

Plant, property and equipment, net

801.1

627.0

Goodwill

3,787.9

1,511.2

Other intangible assets, net

3,238.8

432.6

Other non-current assets

432.9

385.3

Total non-current assets

8,260.7

2,956.1

Total assets

$

11,131.6

$

6,310.4

Liabilities and Shareholders’ Equity

Current liabilities:

Short-term borrowings

$

477.3

$

261.3

Accounts payable

642.2

465.0

Accrued and other current liabilities

760.4

572.0

Total current liabilities

1,879.9

1,298.3

Non-current liabilities:

Non-current portion of long-term debt

3,375.0

521.5

Postretirement benefits

151.1

120.0

Other non-current liabilities

979.9

279.3

Total non-current liabilities

4,506.0

920.8

Total liabilities

6,385.9

2,219.1

Shareholders’ equity:

Common stock:

Authorized – 250.0 shares, $1 par value per share

Issued and outstanding – 89.4 shares and 85.9 shares, respectively

89.4

85.9

Capital in excess of par value

1,976.1

1,313.9

Retained earnings

3,030.1

2,987.1

Accumulated other comprehensive loss

(357.6

)

(302.5

)

Total ITT Inc. shareholders’ equity

4,738.0

4,084.4

Noncontrolling interests

7.7

6.9

Total shareholders’ equity

4,745.7

4,091.3

Total liabilities and shareholders’ equity

$

11,131.6

$

6,310.4

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)

(IN MILLIONS)

  For the Three Months Ended

April 4,

2026

March 29,

2025

Operating Activities

Income from continuing operations attributable to ITT Inc.

$

78.0

$

108.4

Adjustments to income from continuing operations:

Depreciation and amortization

54.2

37.2

Equity-based compensation

9.0

7.9

Other non-cash charges, net

11.9

6.3

Changes in assets and liabilities:

Change in receivables

(82.5

)

(43.2

)

Change in inventories

(48.1

)

(5.6

)

Change in contract assets

1.1

(6.6

)

Change in contract liabilities

3.4

15.9

Change in accounts payable

54.9

16.5

Change in accrued expenses

(47.5

)

(31.7

)

Change in income taxes

12.2

11.8

Other, net

(6.7

)

(3.5

)

Net Cash – Operating Activities

39.9

113.4

Investing Activities

Acquisitions, net of cash acquired

(3,533.3

)

(1.9

)

Capital expenditures

(26.1

)

(36.8

)

Other, net

(0.6

)

(2.0

)

Net Cash – Investing Activities

(3,560.0

)

(40.7

)

Financing Activities

Commercial paper, net borrowings

217.7

291.8

Long-term debt issued, net of debt issuance costs

2,868.3

—

Long-term debt repayments

(546.1

)

(229.3

)

Share repurchases under repurchase plan

(100.0

)

(100.0

)

Payments for taxes related to net share settlement of stock incentive plans

(19.7

)

(13.0

)

Dividends paid

(35.0

)

(28.7

)

Other, net

(2.1

)

(0.7

)

Net Cash – Financing Activities

2,383.1

(79.9

)

Exchange rate effects on cash and cash equivalents

(4.3

)

7.9

Net cash – operating activities of discontinued operations

(0.2

)

—

Net change in cash and cash equivalents

(1,141.5

)

0.7

Cash and cash equivalents – beginning of year (includes restricted cash of $0.8 and $0.7, respectively)

1,743.7

440.0

Cash and Cash Equivalents – End of Period (includes restricted cash of $1.4 and $0.9, respectively)

$

602.2

$

440.7

Supplemental Disclosures of Cash Flow and Non-Cash Information:

Cash paid for Interest

$

30.3

$

9.1

Cash paid for Income taxes, net of refunds received

$

30.8

$

17.6

Capital expenditures included in current liabilities

$

14.7

$

13.9

Key Performance Indicators and Non-GAAP Measures

ITT reviews a variety of key performance indicators including revenue, operating income and margin, earnings per share, order growth, and backlog. In addition, we consider certain measures to be useful to management and investors when evaluating our operating performance for the periods presented. These measures provide a tool for evaluating our ongoing operations and management of assets from period to period. This information can assist investors in assessing our financial performance and measures our ability to generate capital for deployment among competing strategic alternatives and initiatives, including, but not limited to, acquisitions, dividends, and share repurchases. Some of these metrics, however, are not measures of financial performance under accounting principles generally accepted in the United States of America (GAAP) and should not be considered a substitute for measures determined in accordance with GAAP. We consider the following non-GAAP measures, which may not be comparable to similarly titled measures reported by other companies, to be key performance indicators for purposes of our reconciliation tables.

Organic Revenue and Organic Orders are defined, respectively, as revenue and orders, excluding the impacts of foreign currency fluctuations, acquisitions, and divestitures that may or may not qualify as discontinued operations. Current year activity from acquisitions is excluded for twelve months following the closing date of acquisition. The period-over-period change resulting from foreign currency fluctuations is estimated using a fixed exchange rate for both the current and prior periods. Prior year revenue and orders are adjusted to exclude activity during the comparable period for twelve months post-closing date for divestitures that do not qualify as discontinued operations. We believe that reporting organic revenue and organic orders provide useful information to investors by helping identify underlying trends in our business and facilitating comparisons of our revenue performance with prior and future periods and to our peers.

Adjusted Operating Income is defined as operating income adjusted to exclude special items that include, but are not limited to, restructuring, intangible amortization, certain asset impairment charges, certain acquisition- and divestiture-related impacts, intangible amortization expense, and unusual or infrequent operating items. Special items represent charges or credits that impact current results, which management views as unrelated to the Company's ongoing operations and performance. Adjusted Operating Margin is defined as adjusted operating income divided by revenue. We believe these financial measures are useful to investors and other users of our financial statements in evaluating ongoing operating profitability, as well as in evaluating operating performance in relation to our competitors.

Adjusted Income from Continuing Operations is defined as income from continuing operations attributable to ITT Inc. adjusted to exclude special items that include, but are not limited to, restructuring, intangible amortization, certain asset impairment charges, certain acquisition- and divestiture-related impacts, intangible amortization expense, income tax settlements or adjustments, and unusual or infrequent items. Special items represent charges or credits, on an after-tax basis, that impact current results, which management views as unrelated to the Company’s ongoing operations and performance. The after-tax basis of each special item is determined using the jurisdictional tax rate of where the expense or benefit occurred and the tax deductibility under local tax rules. Adjusted Income from Continuing Operations per Diluted Share (Adjusted EPS) is defined as adjusted income from continuing operations divided by diluted weighted average common shares outstanding. We believe that adjusted income from continuing operations and adjusted EPS are useful to investors and other users of our financial statements in evaluating ongoing operating profitability, as well as in evaluating operating performance in relation to our competitors.

Free Cash Flow is defined as net cash provided by operating activities less capital expenditures net of capital-related government incentives. Free Cash Flow Margin is defined as free cash flow divided by revenue. We believe that free cash flow and free cash flow margin provide useful information to investors as it provides insight into a primary cash flow metric used by management to monitor and evaluate cash flows generated by our operations.

ITT Inc. Non-GAAP Reconciliation Statements

(In millions; all amounts unaudited)

  Reconciliation of Revenue to Organic Revenue

First Quarter 2026

FT

MT

CCT

Elim/Other

Total

2026 Revenue

$

537.4

$

397.2

$

278.5

$

(1.2

)

$

1,211.9

Less: Acquisitions

151.4

—

—

—

151.4

Less: Foreign currency translation

12.1

32.8

2.8

0.1

47.8

2026 Organic revenue

$

373.9

$

364.4

$

275.7

$

(1.3

)

$

1,012.7

2025 Revenue

$

333.3

$

346.1

$

234.7

$

(1.1

)

$

913.0

Less: Divestitures

—

—

—

—

—

2025 Organic revenue

$

333.3

$

346.1

$

234.7

$

(1.1

)

$

913.0

Organic Revenue Growth - $

$

40.6

$

18.3

$

41.0

$

99.7

Organic Revenue Growth - %

12.2

%

5.3

%

17.5

%

10.9

%

Reported Revenue Growth - $

$

204.1

$

51.1

$

43.8

$

298.9

Reported Revenue Growth - %

61.2

%

14.8

%

18.7

%

32.7

%

Reconciliation of Orders to Organic Orders

First Quarter 2026

FT

MT

CCT

Elim/Other

Total

2026 Orders

$

583.8

$

407.0

$

328.7

$

(0.6

)

$

1,318.9

Less: Acquisitions

134.8

—

—

—

134.8

Less: Foreign currency translation

17.4

32.7

2.7

0.1

52.9

2026 Organic orders

$

431.6

$

374.3

$

326.0

$

(0.7

)

$

1,131.2

2025 Orders

$

404.6

$

347.9

$

295.5

$

(1.5

)

$

1,046.5

Less: Divestitures

—

—

—

—

—

2025 Organic orders

$

404.6

$

347.9

$

295.5

$

(1.5

)

$

1,046.5

Organic Orders Growth - $

$

27.0

$

26.4

$

30.5

$

84.7

Organic Orders Growth - %

6.7

%

7.6

%

10.3

%

8.1

%

Reported Orders Growth - $

$

179.2

$

59.1

$

33.2

$

272.4

Reported Orders Growth - %

44.3

%

17.0

%

11.2

%

26.0

%

Note: Immaterial differences due to rounding.

ITT Inc. Non-GAAP Reconciliation Statements

(In millions; all amounts unaudited)

  Reconciliations of Operating Income/Margin to Adjusted Operating Income/Margin

First Quarter 2026

First Quarter 2025

FT

MT

CCT

Corporate

ITT

FT

MT

CCT

Corporate

ITT

Reported Operating Income

$

82.1

$

83.4

$

49.2

$

(73.5

)

$

141.2

$

63.5

$

67.6

$

36.0

$

(16.2

)

$

150.9

Acquisition-related costs

14.4

—

0.1

53.0

67.5

0.4

—

(0.1

)

—

0.3

Intangible amortization [a]

23.0

0.3

3.4

—

26.7

6.8

0.2

7.0

—

14.0

Restructuring costs

7.7

0.5

1.1

1.5

10.8

4.2

0.2

2.1

—

6.5

Other special items

0.1

(0.6

)

—

(0.1

)

(0.6

)

0.9

0.7

—

—

1.6

Adjusted Operating Income

$

127.3

$

83.6

$

53.8

$

(19.1

)

$

245.6

$

75.8

$

68.7

$

45.0

$

(16.2

)

$

173.3

Change in Operating Income

29.3

%

23.4

%

36.7

%

353.7

%

(6.4

)%

Change in Adjusted Operating Income

67.9

%

21.7

%

19.6

%

17.9

%

41.7

%

Reported Operating Margin

15.3

%

21.0

%

17.7

%

11.7

%

19.1

%

19.5

%

15.3

%

16.5

%

Impact of special item adjustments

840 bps

10 bps

160 bps

860 bps

360 bps

30 bps

390 bps

250 bps

Adjusted Operating Margin

23.7

%

21.1

%

19.3

%

20.3

%

22.7

%

19.8

%

19.2

%

19.0

%

Change in Operating Margin

-380 bps

150 bps

240 bps

-480 bps

Change in Adjusted Operating Margin

100 bps

130 bps

10 bps

130 bps

Note: Immaterial differences due to rounding.

[a]

Starting in the first quarter of 2026, we have updated our definition of adjusted operating income and margin to exclude intangible amortization expense. Accordingly, we have updated the previously reported prior year adjusted result to reflect the new definition.

ITT Inc. Non-GAAP Reconciliation Statements

(In millions, except earnings per share; all amounts unaudited)

  Reconciliation of Reported vs. Adjusted Income from Continuing Operating and Diluted EPS

Income from Continuing Operations

Diluted Earnings per Share

Q1 2026

Q1 2025

% Change

Q1 2026

Q1 2025

% Change

Reported

$

78.0

$

108.4

(28.0

)%

$

0.89

$

1.33

(33.1

)%

Special Items Expense / (Income):

Acquisition-related costs

67.5

0.3

0.77

—

Intangible amortization [a]

26.7

14.0

0.30

0.17

Restructuring costs

10.8

6.5

0.12

0.08

Other pre-tax special items

(0.6

)

1.6

(0.01

)

0.02

Net tax benefit of pre-tax special items

(26.1

)

(4.8

)

(0.30

)

(0.06

)

Other tax-related special items [b][c]

17.4

3.4

0.21

0.04

Adjusted

$

173.7

$

129.4

34.2

%

$

1.98

$

1.58

25.3

%

Note: Amounts may not calculate due to rounding.

Per share amounts are based on diluted weighted average common shares outstanding.

[a]

Starting in the first quarter of 2026, we have updated our definition of adjusted income from continuing operations and adjusted EPS to exclude intangible amortization expense. Accordingly, we have updated the previously reported prior year adjusted result to reflect the new definition.

[b]

Other tax-related special items for Q1 2026 include tax expense related to undistributed foreign earnings of $6.4, tax expense of $9.4 associated with amended tax filings in Luxembourg, tax expense of $1.8 related to transaction-related costs incurred in connection with the SPX FLOW acquisition, and other special-item tax (benefits) of $(0.3).

[c]

Other tax-related special items for Q1 2025 includes tax on undistributed foreign earnings ($2.5M) and other tax special items ($0.9M).

ITT Inc. Non-GAAP Reconciliation Statements

(In millions, except earnings per share; all amounts unaudited)

  Reconciliation of GAAP vs Adjusted EPS Guidance - Full Year 2026

2026 Full-Year Guidance

Low

High

EPS from Continuing Operations - GAAP

$

4.15

$

4.45

Intangible amortization

2.91

2.91

Acquisition-related costs

1.29

1.29

Estimated restructuring

0.22

0.22

Tax benefit on pre-tax special items

(1.10

)

(1.10

)

Other tax-related special items

0.23

0.23

EPS from Continuing Operations - Adjusted

$

7.70

$

8.00

Note: The Company has provided forward-looking non-GAAP financial measures for organic revenue growth and adjusted operating margin. It is not possible, without unreasonable efforts, to estimate the impacts of foreign currency fluctuations, acquisitions, and certain other special items that may occur in 2026 as these items are inherently uncertain and difficult to predict. As a result, the Company is unable to quantify certain amounts that would be included in a reconciliation of organic revenue growth and adjusted operating margin to the most directly comparable GAAP financial measures without unreasonable efforts and accordingly has not provided reconciliations for these forward looking non-GAAP financial measures.

ITT Inc. Non-GAAP Reconciliation Statements

(In millions; all amounts unaudited)

  Reconciliation of Cash from Operating Activities to Free Cash Flow

Three Months Ended

FY 2026

4/4/2026

3/29/2025

Low

High

Net Cash - Operating Activities

$

39.9

$

113.4

$

690

$

730

Capital expenditures

26.1

36.8

150

150

Free Cash Flow

$

13.8

$

76.6

$

540

$

580

Revenue

$

1,211.9

$

913.0

$

5,385

$

5,385

[a]

Operating Cash Flow Margin

3.3

%

12.4

%

13

%

14

%

Free Cash Flow Margin

1.1

%

8.4

%

10

%

11

%

[a] Revenue included in the full year 2026 free cash flow margin guidance represents the expected revenue growth mid-point.

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ITT Inc. (ITT) Q1 2026 Earnings Call Transcript

Investors interested in Diversified Operations stocks are likely familiar with Grupo Cibest (CIB) and ITT (ITT). But which of these two stocks is more attractive to value investors?