Zacks Research Issues Optimistic Outlook for ITW Earnings

Illinois Tool Works Inc. (NYSE:ITW) – Research analysts at Zacks Research lifted their Q2 2028 earnings estimates for shares of Illinois Tool Works in a research report issued on Wednesday, September 9th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings of $3.44 per share for the quarter, up from their previous estimate of $3.40. The consensus estimate for Illinois Tool Works’ current full-year earnings is $11.45 per share. Zacks Research also issued estimates for Illinois Tool Works’ FY2028 earnings at $13.60 EPS.

A number of other research firms have also issued reports on ITW. Robert W. Baird boosted their price objective on Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Truist Financial boosted their price target on Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. raised their price objective on shares of Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Wolfe Research reaffirmed an “underperform” rating and set a $286.00 target price on shares of Illinois Tool Works in a report on Thursday, July 9th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $300.00 price target on shares of Illinois Tool Works in a report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $281.25.

Illinois Tool Works Stock Performance

Illinois Tool Works stock opened at $264.20 on Thursday. Illinois Tool Works has a 12 month low of $238.82 and a 12 month high of $303.15. The company has a fifty day moving average price of $280.31 and a two-hundred day moving average price of $269.84. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.11 and a quick ratio of 0.81. The company has a market cap of $75.24 billion, a PE ratio of 23.95, a P/E/G ratio of 3.64 and a beta of 0.98.

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

Institutional Investors Weigh In On Illinois Tool Works

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ITW. Sequoia Financial Advisors LLC increased its position in Illinois Tool Works by 0.6% in the second quarter. Sequoia Financial Advisors LLC now owns 11,217 shares of the industrial products company’s stock worth $3,034,000 after purchasing an additional 65 shares during the period. MCF Advisors LLC grew its position in shares of Illinois Tool Works by 2.1% in the 2nd quarter. MCF Advisors LLC now owns 2,281 shares of the industrial products company’s stock valued at $620,000 after purchasing an additional 48 shares during the period. National Pension Service boosted its holdings in shares of Illinois Tool Works by 2.5% in the second quarter. National Pension Service now owns 733,107 shares of the industrial products company’s stock valued at $198,283,000 after buying an additional 17,921 shares during the period. Engineers Gate Manager LP lifted its position in Illinois Tool Works by 18.6% in the 2nd quarter. Engineers Gate Manager LP now owns 16,628 shares of the industrial products company’s stock valued at $4,497,000 after acquiring an additional 2,611 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its holdings in Illinois Tool Works by 7.4% during the 2nd quarter. Cidel Asset Management Inc. now owns 1,776 shares of the industrial products company’s stock worth $480,000 after purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Insider Buying and Selling at Illinois Tool Works

In other news, CAO Matteo C. Pigozzo sold 277 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total transaction of $80,113.94. Following the sale, the chief accounting officer directly owned 3,394 shares in the company, valued at approximately $981,612.68. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ernest Santi sold 41,431 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total transaction of $11,894,425.79. Following the transaction, the director owned 266,288 shares of the company’s stock, valued at approximately $76,448,621.92. This represents a 13.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.83% of the company’s stock.

Illinois Tool Works Increases Dividend

The business also recently declared 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 2.6%. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.61. The ex-dividend date is Wednesday, September 30th. Illinois Tool Works’s dividend payout ratio is 58.39%.

About Illinois Tool Works

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces specialized equipment, components, consumables and related solutions for businesses worldwide. Its products are used across industries including automotive, food service, construction, electronics, welding and general manufacturing.

The company operates through several business segments, including Automotive, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products.