Key takeaways

  • Stifel Nicolaus analyst Nathan Jones raised the price target for ITT Inc. to $259.00, citing strong third-quarter results.
  • ITT Inc. reported robust financial growth, with revenue up 44% to over $1.40 billion and adjusted earnings increasing 20% to $2.26 per share.
  • The company demonstrated strong operational momentum with orders rising 58% and a healthy book-to-bill ratio of 1.08, leading to an optimistic full-year outlook.

ITT Inc. (NYSE: ITT) makes industrial equipment and components used in aerospace, defense and other markets. Stifel Nicolaus analyst Nathan Jones raised his price target for the stock to $259.00. At the time of publication, ITT traded at $205.55, putting the target about 26% above its share price.

The higher target follows a strong third quarter. Revenue exceeded $1.40 billion, up 44% from a year earlier, as highlighted by MarketBeat. The SPX FLOW acquisition drove much of that increase, while organic revenue grew 8% across ITT’s three business segments. Organic growth excludes the effect of acquisitions.

Adjusted earnings rose 20% to $2.26 per share. ITT’s adjusted operating margin reached 21%, up 140 basis points, or 1.4 percentage points. The margin shows how much revenue remains after operating costs, excluding certain items. Reported earnings were $1.38 per share, as highlighted by Business Wire.

Orders rose 58%, including 20% organic growth, supported by aerospace, defense and industrial demand. ITT’s book-to-bill ratio was 1.08, meaning it received more orders than it recorded in quarterly revenue. A growing order book gives the company work to deliver in future periods.

ITT also raised its full-year earnings and cash flow outlook. It now expects organic revenue growth of 7% to 9%. CEO Luca Savi said the company’s backlog is healthy and growing, giving management confidence for the fourth quarter and the start of 2027.