Q3 EPS Forecast for Illinois Tool Works Lifted by Analyst

Illinois Tool Works Inc. (NYSE:ITW) – Stock analysts at Zacks Research boosted their Q3 2026 EPS estimates for shares of Illinois Tool Works in a note issued to investors on Tuesday, August 11th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings per share of $2.95 for the quarter, up from their prior estimate of $2.94. The consensus estimate for Illinois Tool Works’ current full-year earnings is $11.46 per share. Zacks Research also issued estimates for Illinois Tool Works’ Q4 2026 earnings at $2.95 EPS, Q2 2027 earnings at $3.04 EPS, Q3 2027 earnings at $3.23 EPS, Q4 2027 earnings at $3.26 EPS, FY2027 earnings at $12.27 EPS, Q1 2028 earnings at $3.04 EPS, Q2 2028 earnings at $3.40 EPS and FY2028 earnings at $13.54 EPS.

Several other analysts also recently issued reports on ITW. Truist Financial upped their price objective on shares of Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Weiss Ratings lowered shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group restated a “sell” rating and set a $254.00 price target on shares of Illinois Tool Works in a report on Thursday, April 30th. JPMorgan Chase & Co. raised their price target on Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Wolfe Research reiterated an “underperform” rating and issued a $286.00 price objective on shares of Illinois Tool Works in a research note on Thursday, July 9th. 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’s stock. According to MarketBeat.com, Illinois Tool Works has an average rating of “Reduce” and a consensus price target of $281.25.

Illinois Tool Works Stock Down 0.5%

Shares of ITW stock opened at $292.95 on Wednesday. The stock’s 50 day simple moving average is $272.61 and its 200 day simple moving average is $270.05. Illinois Tool Works has a twelve month low of $238.82 and a twelve month high of $303.15. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.81 and a current ratio of 1.11. The company has a market capitalization of $83.43 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 4.97 and a beta of 0.99.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.80 by $0.04. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.58 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS.

Institutional Investors Weigh In On Illinois Tool Works

Institutional investors and hedge funds have recently bought and sold shares of the business. Cresta Advisors Ltd. bought a new position in shares of Illinois Tool Works during the 4th quarter worth about $25,000. Motiv8 Investments LLC bought a new stake in Illinois Tool Works in the fourth quarter valued at about $27,000. Kemnay Advisory Services Inc. bought a new stake in Illinois Tool Works in the fourth quarter valued at about $27,000. Abound Wealth Management lifted its stake in Illinois Tool Works by 178.6% during the second quarter. Abound Wealth Management now owns 117 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 75 shares during the period. Finally, Wilkerson Advisory Group LLC lifted its stake in Illinois Tool Works by 77.6% during the first quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 52 shares during the period. Institutional investors own 79.77% of the company’s stock.

Insider Activity at Illinois Tool Works

In other news, Director Jennifer F. Scanlon bought 806 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was acquired at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the purchase, the director owned 1,652 shares of the company’s stock, valued at $409,679.48. This trade represents a 95.27% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.83% of the company’s stock.

Illinois Tool Works Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be given a dividend of $1.72 per share. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, September 30th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 58.39%.

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.