FY2026 Earnings Estimate for ITW Issued By Zacks Research

Illinois Tool Works Inc. (NYSE:ITW) – Analysts at Zacks Research dropped their FY2026 earnings per share 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 post earnings per share of $11.39 for the year, down from their prior 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.

Several other analysts also recently weighed in on the company. Weiss Ratings downgraded Illinois Tool Works from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft dropped their target price on Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating on the stock in a research report on Wednesday, September 30th. Truist Financial dropped their price objective on shares of Illinois Tool Works from $308.00 to $297.00 and set a “hold” rating on the stock in a report on Monday, October 5th. JPMorgan Chase & Co. lowered shares of Illinois Tool Works from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $350.00 to $270.00 in a research note on Friday, October 9th. Finally, Citigroup restated a “neutral” rating on shares of Illinois Tool Works in a research report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Illinois Tool Works presently has an average rating of “Reduce” and an average price target of $273.42.

Illinois Tool Works Price Performance

Shares of ITW opened at $276.30 on Tuesday. The firm has a market capitalization of $78.69 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 2.98 and a beta of 0.96. 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’s fifty day moving average price is $272.24 and its 200-day moving average price is $270.07. Illinois Tool Works has a 1-year low of $238.82 and a 1-year high of $303.15.

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 business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.19 billion. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.58 earnings per share.

Hedge Funds Weigh In On Illinois Tool Works

Several institutional investors and hedge funds have recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. AG acquired a new position in Illinois Tool Works during the 2nd quarter worth about $5,017,000. Sanctuary Advisors LLC purchased a new position in shares of Illinois Tool Works in the 2nd quarter valued at $14,028,000. Cibc World Market Inc. purchased a new position in Illinois Tool Works during the 2nd quarter worth approximately $3,887,000. Sapient Capital LLC boosted its stake in Illinois Tool Works by 227.7% during the 2nd quarter. Sapient Capital LLC now owns 13,611 shares of the industrial products company’s stock worth $3,703,000 after purchasing an additional 9,457 shares during the period. Finally, Fidelity National Financial Inc. acquired a new position in Illinois Tool Works in the 2nd quarter valued at about $20,583,000. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Illinois Tool Works

In other news, CAO Matteo Pigozzo sold 277 shares of Illinois Tool Works stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $289.22, for a total value of $80,113.94. Following the sale, the chief accounting officer owned 3,394 shares in the company, valued at $981,612.68. This trade represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ernest Santi sold 41,431 shares of the business’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 sale, the director directly owned 266,288 shares of the company’s stock, valued at $76,448,621.92. This represents a 13.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.83% of the company’s stock.

Illinois Tool Works Increases Dividend

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

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.