Illinois Tool Works (NYSE:ITW) Issues Earnings Results

Illinois Tool Works (NYSE:ITW) posted its quarterly earnings results on Tuesday. The industrial products company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.79 by $0.05, Briefing.com reports. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same quarter in the previous year, the business posted $2.58 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Illinois Tool Works updated its FY 2026 guidance to 11.350-11.550 EPS.

Illinois Tool Works Trading Up 5.1%

Illinois Tool Works stock opened at $299.41 on Tuesday. The stock has a 50-day moving average price of $263.11 and a 200 day moving average price of $267.30. The company has a market capitalization of $86.14 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 4.86 and a beta of 1.00. Illinois Tool Works has a 52 week low of $238.82 and a 52 week high of $303.15. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04.

Illinois Tool Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were issued a dividend of $1.61 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.2%. Illinois Tool Works’s payout ratio is 59.80%.

Analyst Ratings Changes

Several equities analysts recently issued reports on ITW shares. Truist Financial lifted their price objective on shares of Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. Citigroup reaffirmed a “neutral” rating on shares of Illinois Tool Works in a research report on Monday, July 13th. Evercore cut their price target on Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Barclays reduced their price target on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. Finally, Wells Fargo & Company raised their price objective on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $274.00.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, Director Jennifer F. Scanlon purchased 806 shares of Illinois Tool Works stock in a transaction on Tuesday, June 2nd. The stock was bought at an average cost of $247.99 per share, with a total value of $199,879.94. Following the transaction, the director owned 1,652 shares of the company’s stock, valued at $409,679.48. This represents a 95.27% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Institutional Trading of Illinois Tool Works

Large investors have recently made changes to their positions in the business. Bison Wealth LLC boosted its holdings in Illinois Tool Works by 2.3% in the fourth quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock valued at $901,000 after purchasing an additional 81 shares during the last quarter. Sivia Capital Partners LLC grew its position in Illinois Tool Works by 20.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company’s stock worth $257,000 after purchasing an additional 177 shares during the period. Invenio Wealth Partners LLC purchased a new position in shares of Illinois Tool Works during the 3rd quarter valued at about $201,000. MUFG Securities EMEA plc acquired a new position in shares of Illinois Tool Works in the 2nd quarter valued at about $195,000. Finally, Strive Financial Group LLC acquired a new position in shares of Illinois Tool Works in the 4th quarter valued at about $175,000. 79.77% of the stock is 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.