Zacks Research Issues Positive Forecast for ITW Earnings

Illinois Tool Works Inc. (NYSE:ITW) – Analysts at Zacks Research increased their Q3 2026 EPS estimates for shares of Illinois Tool Works in a report released on Tuesday, August 11th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $2.95 per share for the quarter, up from their prior estimate of $2.94. The consensus estimate for Illinois Tool Works’ current full-year earnings is $11.46 per share. Zacks Research also issued estimates for Illinois Tool Works’ Q4 2026 earnings at $2.95 EPS, Q2 2027 earnings at $3.04 EPS, Q3 2027 earnings at $3.23 EPS, Q4 2027 earnings at $3.26 EPS, FY2027 earnings at $12.27 EPS, Q1 2028 earnings at $3.04 EPS, Q2 2028 earnings at $3.40 EPS and FY2028 earnings at $13.54 EPS.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.04. The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS.

A number of other equities analysts have also issued reports on the company. UBS Group reaffirmed a “neutral” rating and set a $300.00 price target on shares of Illinois Tool Works in a research note on Wednesday, July 29th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $254.00 target price on shares of Illinois Tool Works in a report on Thursday, April 30th. Citigroup reiterated a “neutral” rating on shares of Illinois Tool Works in a research report on Monday, July 13th. JPMorgan Chase & Co. upped their price target on shares of Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings cut shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $281.25.

Illinois Tool Works Price Performance

Shares of NYSE:ITW opened at $292.95 on Wednesday. Illinois Tool Works has a 12 month low of $238.82 and a 12 month high of $303.15. The stock has a market cap of $83.43 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 4.97 and a beta of 0.99. The stock’s 50 day moving average price is $272.61 and its 200 day moving average price is $270.05. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.11 and a quick ratio of 0.81.

Illinois Tool Works Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $1.72 per share. This represents a $6.88 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, September 30th. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s dividend payout ratio is presently 58.39%.

Insider Activity at Illinois Tool Works

In other news, Director Jennifer F. Scanlon bought 806 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average cost of $247.99 per share, with a total value of $199,879.94. Following the completion of the transaction, the director directly owned 1,652 shares in the company, valued at approximately $409,679.48. The trade was a 95.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Illinois Tool Works

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Illinois Tool Works in the 2nd quarter worth approximately $6,296,349,000. Norges Bank purchased a new position in shares of Illinois Tool Works during the 4th quarter valued at $808,351,000. Bank of New York Mellon Corp acquired a new position in shares of Illinois Tool Works in the second quarter worth $603,166,000. Deutsche Bank AG purchased a new stake in shares of Illinois Tool Works during the second quarter worth $221,746,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Illinois Tool Works during the second quarter valued at $180,734,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Illinois Tool Works Company Profile

Illinois Tool Works Inc (ITW) is a diversified industrial manufacturer that designs and produces a broad array of engineered products, consumables and related service solutions for industrial customers. Its offerings span engineered fastening systems, specialty components, industrial equipment, welding products, foodservice and packaging equipment, adhesives and polymer products, and test-and-measurement technologies. These products are used as critical inputs by customers across automotive, construction, electronics, foodservice, maintenance and other industrial end markets.

The company operates a decentralized business model in which independently managed businesses focus on niche product lines and close customer relationships.