ITW Stock Gets Stronger EPS Estimate from Zacks Research

Illinois Tool Works Inc. (NYSE:ITW) – Investment analysts at Zacks Research raised their Q3 2026 earnings per share (EPS) estimates for shares of Illinois Tool Works in a research note issued on Monday, October 12th. Zacks Research analyst Team now forecasts that the industrial products company will earn $2.96 per share for the quarter, up from their prior forecast of $2.95. The consensus estimate for Illinois Tool Works’ current full-year earnings is $11.44 per share. Zacks Research also issued estimates for Illinois Tool Works’ Q4 2026 earnings at $2.96 EPS, FY2026 earnings at $11.42 EPS, Q1 2027 earnings at $2.75 EPS, Q3 2027 earnings at $3.28 EPS, Q4 2027 earnings at $3.30 EPS and FY2027 earnings at $12.37 EPS.

Other analysts have also issued research reports about the stock. Wolfe Research reaffirmed an “underperform” rating and issued a $286.00 price objective on shares of Illinois Tool Works in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating on the stock in a research note on Wednesday, September 30th. Robert W. Baird increased their target price on shares of Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Citigroup restated a “neutral” rating on shares of Illinois Tool Works in a research note on Monday, July 13th. Finally, Weiss Ratings raised shares of Illinois Tool Works from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, September 28th. One 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 stock. According to MarketBeat.com, Illinois Tool Works presently has a consensus rating of “Reduce” and a consensus target price of $273.42.

Illinois Tool Works Price Performance

ITW opened at $264.89 on Tuesday. The firm has a market cap of $75.44 billion, a P/E ratio of 24.02, a PEG ratio of 2.85 and a beta of 0.96. The firm has a 50-day moving average of $275.60 and a 200 day moving average of $268.20. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.81 and a current ratio of 1.11. Illinois Tool Works has a fifty-two week low of $238.82 and a fifty-two week high of $303.15.

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

Illinois Tool Works Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Wednesday, September 30th were paid a $1.72 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $6.88 dividend on an annualized basis and a yield of 2.6%. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s dividend payout ratio (DPR) is presently 62.38%.

Insider Activity

In other news, CAO Matteo C. 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ernest Santi sold 41,431 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were 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 in the company, valued at approximately $76,448,621.92. This trade represents a 13.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ITW. Continuum Advisory LLC bought a new position in shares of Illinois Tool Works in the second quarter worth $29,000. Abound Wealth Management raised its stake in shares of Illinois Tool Works by 178.6% during the 2nd quarter. Abound Wealth Management now owns 117 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 75 shares during the period. Wilkerson Advisory Group LLC raised its stake in shares of Illinois Tool Works by 77.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 52 shares during the period. Tacita Capital Inc purchased a new stake in Illinois Tool Works during the 2nd quarter worth about $32,000. Finally, Meeder Asset Management Inc. purchased a new stake in Illinois Tool Works during the 2nd quarter worth about $33,000. 79.77% of the stock is owned by institutional investors.

Illinois Tool Works Company Profile

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces engineered products and systems for customers worldwide. The company serves a broad range of end markets, including automotive, construction, food service, welding, electronics, and general industry.

ITW’s product portfolio includes automotive components and fasteners, commercial food equipment, welding equipment and consumables, test and measurement instruments, electronic components, polymers and fluids, construction fastening systems, and other specialized industrial products.