ITT stock draws attention as defense revenue rises 16 percent

Published on 09/28/2026 at 19:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ITT stock stood at USD 206.92 on September 28, 2026, with a 0.32 percent daily change. Adjusted EPS reached USD 2.08 in Q2 2026.

ITT, US4509111021, Illustration mit AI erstellt.

ITT stock (ISIN US4509111021) was trading at USD 206.92 on the NYSE on September 28, 2026, up 0.32 percent from the prior close. The latest operating signal is defense demand: according to MarketBeat on September 26, 2026, second-quarter defense revenue rose 16 percent while integration savings for SPX FLOW were ahead of plan.

Q2 EPS beat consensus

ITT reported second-quarter 2026 revenue of USD 1.47 billion and adjusted EPS of USD 2.08, compared with consensus of USD 1.39 billion and USD 1.92, respectively. MarketBeat reported on September 11, 2026, that the adjusted EPS result exceeded consensus by USD 0.16 and that revenue increased 51.5 percent year over year.

The company also raised its fiscal 2026 adjusted EPS guidance to USD 8.12-8.32. That range gives investors a clearer benchmark for the earnings contribution expected from the enlarged portfolio.

Defense and integration drive growth

At the September 24, 2026, industrials conference, ITT management described growth across aerospace, defense, rail, energy and industrial markets. Investing.com reported that three-year organic revenue growth averaged 7 percent and earnings per share grew at a 16 percent compound annual rate.

SPX FLOW is the key integration test. ITT expects to exceed the USD 80.0 million run-rate cost-synergy target by the end of the acquisition's third year, with early savings led by general and administrative costs. The counter-factor is uneven demand, including softer European chemicals and delayed Middle East oil-and-gas orders.

Analyst target stays above price

Zacks reported on September 26, 2026, that the mean analyst price target was USD 257.42, based on 12 targets. The reference price of USD 206.92 was 10.16 percent below the 52-week high of USD 230.32, leaving valuation and execution as the central market questions.