ITTIndustrial machinery: pumps, valves, connectors and brake components
ITT
Not investment advice. Kevin may own this stock. How we value stocks
By Kevin Amado
Updated
- Price
- $214.59
- Analysts view
- Very bullish
- Discount category
- Far above intrinsic value
- Pick status
- Research only
- Next earnings
- Earnings Feb 4 · · estimated
- Market cap
- $19B
- Shares of Nov 2, 2026
- Yield at current rate
- 0.7%
- Current annual rate, at the price of Nov 13, 2026
- Dividend yield
- 0.7%
- Last 12 months, at the price of Nov 13, 2026
- P/E (trailing)
- 44.2
- Price of Nov 13, 2026
- EPS (trailing)
- $4.86
- 12 months to Oct 3, 2026
- 52-week range
- $166.96 – $230.32
- To Nov 12, 2026
- Beta
- 1.25
- Vs S&P 500, 5 years monthly, to Oct 30, 2026
- Average volume
- 813K
- 3 months, to Nov 12, 2026
Check the numbers:ExchangeGoogle FinanceYahoo FinanceSEC filings
In short
- Thesis
- The market weighs the strong orders of ITT against the new debt from the SPX FLOW deal, and steady growth with lower debt through 2027 can lift its value.
- Gap
- Can close. The Q4 2026 report with 2027 guidance, expected in early February 2027, and the first 2027 quarters show whether SPX FLOW adds the planned earnings and cash.
Company guidance: 2026 adjusted EPS $8.54 to $8.62; EPS $4.65 to $4.73; organic revenue growth 7% to 9%; free cash flow $600 to $620 million (, Q3 2026 results release (8-K))
Price history
About
ITT Inc. (ITT) is based in Stamford, Connecticut. It makes engineered equipment and parts in three segments. Flow Technologies makes pumps, valves, mixers and process equipment for chemical, energy, marine, mining and nutrition and health customers.
It includes SPX FLOW, which ITT bought on March 2, 2026. Motion Technologies makes brake components, shock absorbers and damping products, mainly for cars and trains. Connect & Control Technologies makes connectors, cable assemblies and other components for aerospace and defense, industrial, medical and energy customers.
Revenue was $1,440.6 million in Q3 2026. The common stock trades on the NYSE in US dollars. ITT files 10-K and 10-Q reports.
Thesis
The price of ITT depends on whether it can grow the earnings of SPX FLOW and of its connectors business fast enough to pay down the debt from the acquisition. ITT bought SPX FLOW on March 2, 2026 for a purchase price of $4,306 million, and total debt rose to $3,513.4 million at October 3, 2026, from $782.8 million at the end of 2025. ITT guides 2026 adjusted EPS of $8.54 to $8.62 and free cash flow of $600 million to $620 million. Orders grew 58% in Q3 2026, and 20% organic.
For the price to rise, three things must be true. SPX FLOW must keep its growth and deliver the cost synergies. Demand for pump projects, aerospace and defense connectors and biopharma equipment must stay strong. Free cash flow must reduce the commercial paper and the term loans.
The Q4 2026 report with 2027 guidance, expected in early February 2027, is the next test. If industrial demand slows, the new debt can weigh on the price.
Checkpoints
- Feb 4, 2027 · est.PendingQ4 2026 results and 2027 guidance2026 adjusted EPS is in the guided range of $8.54 to $8.62 and the 2027 guidance shows growth, and this passes; a result below $8.54 or 2027 guidance below the 2026 result fails.
- May 2027 · est.PendingQ1 2027 resultsOrganic orders grow and debt falls from October 2026, and this passes; falling orders or higher debt fail.
Recent events
- November 4, 2026ITT reported Q3 2026 results. Revenue grew 44% to $1,440.6 million, with organic growth of 8%. EPS was $1.38 and adjusted EPS was $2.26. It raised its 2026 guidance to adjusted EPS of $8.54 to $8.62. Davide Barbon, the head of Motion Technologies, now also leads Connect & Control Technologies.
- November 4, 2026ITT declared a quarterly dividend of $0.386 per share, payable on December 31, 2026.
- June 29, 2026The Board elected Bertrand Loy and Kevin Wheeler as directors from August 1, 2026.
Show 1 older eventHide older events
- March 2, 2026ITT completed the acquisition of SPX FLOW, a maker of process equipment with 2025 revenue of more than $1.3 billion. It renamed its Industrial Process segment Flow Technologies.
Latest news and filings
- Last earnings
- November 4, 2026 (8-K on sec.gov)
- Next earnings
- Expected about February 4, 2027. The company has not confirmed the date.
- 10-QQuarterly report for the period ended Oct 3, 2026Filed · itt-20261003
- 8-KEarnings releaseFiled · Press release and exhibits
- 10-QQuarterly report for the period ended Jul 4, 2026Filed · itt-20260704
- 8-KEarnings releaseFiled · Press release and exhibits
- 8-KChange of directors or officersFiled · itt-20260629
- 8-KShareholder vote resultsFiled · itt-20260521
- 8-KChange of directors or officersFiled · itt-20260502
- 10-QQuarterly report for the period ended Apr 4, 2026Filed · itt-20260404
- 8-KEarnings releaseFiled · Press release and exhibits
- 8-KNew material agreement and Acquisition or sale completedFiled · Press release and exhibits
Risks
- Debt rose after the SPX FLOW acquisition. Total debt was $3,513.4 million at October 3, 2026, including commercial paper of $702.2 million, and cash was $558.1 million.
- The integration of SPX FLOW can take longer or cost more than planned. Acquisition costs and intangible amortization reduce GAAP EPS, which was $1.38 in Q3 2026, against adjusted EPS of $2.26.
- Tariffs can change demand, sourcing and input costs. ITT says that trade policy uncertainty stayed high in Q3 2026.
- Motion Technologies depends on car and rail production, which can fall in a weak economy. Its revenue grew 2.3% in Q3 2026.
- Material and labor costs are higher. If price increases do not cover them, margins can fall.
Balance sheet
- Cash
- $558M
- Debt
- $3.5B
- Net debt
- $3.0B
Cash against debt
debt covered by cashnet debt $3.0B
When the debt is due
At October 3, 2026, ITT had cash and cash equivalents of $558.1 million. Total debt was $3,513.4 million: commercial paper of $702.2 million, other short-term borrowings of $5.1 million and non-current long-term debt of $2,806.1 million. The long-term debt includes the term loans and the 8.75% senior notes of SPX FLOW of $500 million due in April 2030. Total debt was $782.8 million at December 31, 2025. ITT shareholders' equity was $4,761.4 million. Free cash flow was $288.4 million in Q3 2026.
Dividends
- Yield at the current rate
- 0.7% (current annual rate, at today’s price)
- Dividend yield
- 0.7% (last 12 months, at today’s price of $214.59)
- Paid per share
- $1.509 in the last 12 months (4 payments)
- Current annual rate
- $1.544 ($0.386 × 4 a year)
- Payout ratio
- 23% of the last fiscal year’s earnings (the year that ended December 31, 2025)
- Latest ex-dividend date
- September 8, 2026, $0.386 per share
Dividends per share by year
| 2016 | $0.496 | |
|---|---|---|
| 2017 | $0.512 | |
| 2018 | $0.536 | |
| 2019 | $0.588 | |
| 2020 | $0.676 | |
| 2021 | $0.88 | |
| 2022 | $1.056 | |
| 2023 | $1.16 | |
| 2024 | $1.276 | |
| 2025 | $1.404 |
From 2020 to 2025, the dividend grew by about 15.7% a year. From 2015 to 2025, the dividend grew by about 11.5% a year.
Source: company filings and market data, read on November 12, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.
Questions about ITT
What does ITT do?
ITT Inc. (ITT) is based in Stamford, Connecticut. It makes engineered equipment and parts in three segments. Its market cap is $19B at the current price of $214.59.
When does ITT report earnings next?
This is an estimate: ITT may report on February 4, 2027. It last reported results on November 4, 2026.
Is ITT stock below its intrinsic value?
ITT stock is far above intrinsic value. This is general information, not advice.
What changed recently at ITT?
The latest update is from November 4, 2026. ITT reported Q3 2026 results.
What are the main risks for ITT?
Debt rose after the SPX FLOW acquisition. The integration of SPX FLOW can take longer or cost more than planned. Tariffs can change demand, sourcing and input costs.
How much debt and cash does ITT have?
At October 3, 2026, ITT had $3.5B of debt and $558M of cash.
Does ITT pay a dividend?
Yes. The current annual dividend of ITT is $1.544 per share. That is a dividend yield of 0.7% at the current price of $214.59. In the last 12 months, it paid $1.509 per share (0.7%). The latest ex-dividend date was September 8, 2026.
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