FY2026 Earnings Estimate for ITW Issued By Zacks Research

Illinois Tool Works Inc. (NYSE:ITW) – Equities researchers at Zacks Research cut their FY2026 earnings estimates for shares of Illinois Tool Works in a research note issued to investors on Friday, October 23rd. Zacks Research analyst Team now anticipates that the industrial products company will post earnings of $11.39 per share for the year, down from their previous estimate of $11.42. 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’ Q4 2026 earnings at $2.93 EPS, Q1 2027 earnings at $2.74 EPS, Q3 2027 earnings at $3.27 EPS, Q4 2027 earnings at $3.29 EPS and FY2027 earnings at $12.33 EPS.

A number of other equities research analysts have also recently commented on ITW. Weiss Ratings cut shares of Illinois Tool Works from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th. Robert W. Baird lifted their target price on shares of Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. downgraded shares of Illinois Tool Works from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $350.00 to $270.00 in a report on Friday, October 9th. Truist Financial cut their price objective on Illinois Tool Works from $308.00 to $297.00 and set a “hold” rating for the company in a research report on Monday, October 5th. Finally, UBS Group set a $277.00 target price on Illinois Tool Works in a report on Friday, October 9th. One investment 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. According to data from MarketBeat, Illinois Tool Works has an average rating of “Reduce” and an average price target of $273.42.

Illinois Tool Works Stock Up 0.2%

ITW stock opened at $276.30 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.81 and a debt-to-equity ratio of 2.26. The company’s 50-day moving average price is $272.24 and its 200 day moving average price is $270.07. Illinois Tool Works has a 52 week low of $238.82 and a 52 week high of $303.15. The company has a market cap of $78.69 billion, a P/E ratio of 25.05, a P/E/G ratio of 2.98 and a beta of 0.96.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter last year, the firm posted $2.58 EPS. The business’s revenue was up 6.1% compared to the same quarter last year.

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 given a dividend of $1.72 per share. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.61. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $6.88 dividend on an annualized basis and a yield of 2.5%. Illinois Tool Works’s dividend payout ratio is currently 62.38%.

Insider Activity at Illinois Tool Works

In other Illinois Tool Works news, CAO Matteo C. Pigozzo sold 277 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $289.22, for a total transaction of $80,113.94. Following the completion of the sale, the chief accounting officer directly owned 3,394 shares in the company, valued at $981,612.68. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ernest Santi sold 41,431 shares of the stock in a transaction on 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 completion of the sale, the director directly owned 266,288 shares of the company’s stock, valued at $76,448,621.92. The trade was 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.

Institutional Trading of Illinois Tool Works

Institutional investors have recently added to or reduced their stakes in the business. SYM FINANCIAL Corp lifted its position in Illinois Tool Works by 83.1% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,355 shares of the industrial products company’s stock worth $349,000 after acquiring an additional 615 shares in the last quarter. Angeles Wealth Management LLC boosted its holdings in Illinois Tool Works by 4.8% in the 3rd quarter. Angeles Wealth Management LLC now owns 1,294 shares of the industrial products company’s stock worth $335,000 after acquiring an additional 59 shares during the period. Park Avenue Securities LLC grew its position in Illinois Tool Works by 6.2% in the third quarter. Park Avenue Securities LLC now owns 7,649 shares of the industrial products company’s stock valued at $1,968,000 after acquiring an additional 448 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of Illinois Tool Works by 12.5% during the third quarter. Kingswood Wealth Advisors LLC now owns 2,980 shares of the industrial products company’s stock valued at $767,000 after purchasing an additional 332 shares during the period. Finally, Paladin Wealth LLC purchased a new stake in shares of Illinois Tool Works during the third quarter valued at approximately $335,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

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.