Zacks Research Issues Positive Forecast for ITW Earnings

Illinois Tool Works Inc. (NYSE:ITW) – Equities research analysts at Zacks Research boosted their Q3 2026 earnings per share estimates for Illinois Tool Works in a research report issued to clients and investors on Monday, September 1st. Zacks Research analyst Team now expects that the industrial products company will post earnings of $2.92 per share for the quarter, up from their prior forecast of $2.91. The consensus estimate for Illinois Tool Works’ current full-year earnings is $10.39 per share. Zacks Research also issued estimates for Illinois Tool Works’ Q4 2026 earnings at $2.90 EPS, Q2 2027 earnings at $3.04 EPS and FY2027 earnings at $12.04 EPS.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.02. Illinois Tool Works had a return on equity of 90.89% and a net margin of 21.31%.The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the business posted $2.54 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Illinois Tool Works has set its FY 2025 guidance at 10.350-10.550 EPS.

A number of other research analysts have also recently issued reports on ITW. Evercore ISI set a $265.00 price target on Illinois Tool Works and gave the company an “underperform” rating in a report on Tuesday, August 19th. Wells Fargo & Company lifted their price objective on Illinois Tool Works from $235.00 to $250.00 and gave the stock an “underweight” rating in a research report on Thursday, July 31st. UBS Group boosted their price objective on Illinois Tool Works from $243.00 to $255.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Barclays boosted their price objective on Illinois Tool Works from $240.00 to $243.00 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Finally, Stifel Nicolaus boosted their price objective on Illinois Tool Works from $255.00 to $261.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $260.67.

Illinois Tool Works Stock Performance

Illinois Tool Works stock opened at $266.05 on Thursday. The stock has a 50-day simple moving average of $259.77 and a 200 day simple moving average of $250.87. The company has a quick ratio of 1.15, a current ratio of 1.59 and a debt-to-equity ratio of 2.40. Illinois Tool Works has a 12-month low of $214.66 and a 12-month high of $279.13. The stock has a market capitalization of $77.55 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 5.73 and a beta of 1.10.

Hedge Funds Weigh In On Illinois Tool Works

Several institutional investors have recently modified their holdings of ITW. Brighton Jones LLC lifted its holdings in shares of Illinois Tool Works by 5.3% during the 4th quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock valued at $1,399,000 after purchasing an additional 277 shares in the last quarter. Bison Wealth LLC lifted its holdings in shares of Illinois Tool Works by 2.3% during the 4th 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 in the last quarter. Brown Advisory Inc. lifted its holdings in shares of Illinois Tool Works by 0.4% during the 4th quarter. Brown Advisory Inc. now owns 86,498 shares of the industrial products company’s stock valued at $21,933,000 after purchasing an additional 330 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Illinois Tool Works by 3.8% during the 4th quarter. Captrust Financial Advisors now owns 41,225 shares of the industrial products company’s stock valued at $10,453,000 after purchasing an additional 1,521 shares in the last quarter. Finally, BOKF NA lifted its holdings in shares of Illinois Tool Works by 0.6% during the 4th quarter. BOKF NA now owns 15,222 shares of the industrial products company’s stock valued at $3,728,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $1.61 per share. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.50. The ex-dividend date is Tuesday, September 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.4%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 52.59%.

About Illinois Tool Works

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.