Q2 EPS Estimate for Illinois Tool Works Lowered by Analyst

Illinois Tool Works Inc. (NYSE:ITW) – Analysts at Zacks Research decreased their Q2 2027 earnings estimates for Illinois Tool Works in a research note issued to investors on Friday, October 23rd. Zacks Research analyst Team now forecasts that the industrial products company will earn $3.03 per share for the quarter, down from their previous estimate of $3.04. The consensus estimate for Illinois Tool Works’ current full-year earnings is $11.42 per share. Zacks Research also issued estimates for Illinois Tool Works’ Q1 2028 earnings at $2.97 EPS, Q2 2028 earnings at $3.28 EPS, Q3 2028 earnings at $3.48 EPS and FY2028 earnings at $13.20 EPS.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.04. The company had revenue of $4.30 billion for 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 last year, the business posted $2.58 earnings per share.

ITW has been the subject of a number of other research reports. Robert W. Baird upped their price objective on shares of Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating on the stock in a research note on Wednesday, September 30th. UBS Group set a $277.00 target price on Illinois Tool Works in a report on Friday, October 9th. Weiss Ratings cut Illinois Tool Works from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th. Finally, Truist Financial lowered their price target on Illinois Tool Works from $308.00 to $297.00 and set a “hold” rating for the company in a report on Monday, October 5th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $273.42.

Illinois Tool Works Trading Up 0.2%

Shares of NYSE ITW opened at $276.30 on Monday. The company’s fifty day moving average is $272.24 and its 200-day moving average is $270.07. The stock has a market cap of $78.69 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 2.98 and a beta of 0.96. Illinois Tool Works has a twelve month low of $238.82 and a twelve month high of $303.15. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26.

Illinois Tool Works Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Wednesday, September 30th were issued a dividend of $1.72 per share. The ex-dividend date was Wednesday, September 30th. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 annualized dividend and a yield of 2.5%. Illinois Tool Works’s dividend payout ratio is currently 62.38%.

Insiders Place Their Bets

In other Illinois Tool Works news, CAO Matteo C. Pigozzo sold 277 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were 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 of the company’s stock, valued at $981,612.68. The trade was a 7.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ernest Santi sold 41,431 shares of the 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.83% of the stock is currently owned by company insiders.

Institutional Trading of Illinois Tool Works

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Argos Wealth Advisors LLC raised its holdings in shares of Illinois Tool Works by 2.6% in the first quarter. Argos Wealth Advisors LLC now owns 1,526 shares of the industrial products company’s stock worth $397,000 after buying an additional 39 shares during the period. JFS Wealth Advisors LLC lifted its stake in shares of Illinois Tool Works by 21.5% during the 2nd quarter. JFS Wealth Advisors LLC now owns 226 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 40 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in Illinois Tool Works by 0.5% during the 1st quarter. North Star Investment Management Corp. now owns 8,191 shares of the industrial products company’s stock valued at $2,132,000 after acquiring an additional 44 shares during the period. Sawyer & Company Inc boosted its holdings in Illinois Tool Works by 0.4% during the 1st quarter. Sawyer & Company Inc now owns 10,927 shares of the industrial products company’s stock valued at $2,844,000 after acquiring an additional 45 shares during the period. Finally, Cushing Capital Partners LLC boosted its holdings in Illinois Tool Works by 1.6% during the 3rd quarter. Cushing Capital Partners LLC now owns 2,939 shares of the industrial products company’s stock valued at $756,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Company Profile

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces specialized equipment, components, consumables and systems for customers in a range of industries. Founded in 1912 and headquartered in Glenview, Illinois, the company serves markets worldwide through a portfolio of highly engineered businesses.

ITW’s operations include food equipment, automotive components, welding products, test and measurement equipment, electronics materials, polymers and fluids, construction products, and specialty products.