Zacks Research Brokers Raise Earnings Estimates for ITW

Illinois Tool Works Inc. (NYSE:ITW) – Research analysts at Zacks Research lifted their Q3 2026 earnings per share (EPS) estimates for Illinois Tool Works in a report released on Monday, September 1st. Zacks Research analyst Team now forecasts that the industrial products company will earn $2.92 per share for the quarter, up from their previous estimate 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.

Several other research firms have also issued reports on ITW. UBS Group upped their target price on Illinois Tool Works from $243.00 to $255.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Citigroup upped their target price on Illinois Tool Works from $254.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Stifel Nicolaus boosted their price target on Illinois Tool Works from $255.00 to $261.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. Truist Financial downgraded Illinois Tool Works from a “buy” rating to a “hold” rating and set a $283.00 price target on the stock. in a research report on Thursday, July 31st. Finally, Evercore ISI set a $265.00 price target on Illinois Tool Works and gave the stock an “underperform” rating in a research report on Tuesday, August 19th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $260.67.

Illinois Tool Works Stock Performance

ITW opened at $265.65 on Thursday. Illinois Tool Works has a 52-week low of $214.66 and a 52-week high of $279.13. The firm has a market capitalization of $77.44 billion, a PE ratio of 23.28, a PEG ratio of 5.64 and a beta of 1.10. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.15 and a current ratio of 1.59. The business’s 50-day simple moving average is $259.41 and its 200 day simple moving average is $250.84.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Wednesday, July 30th. The industrial products company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the company posted $2.54 earnings per share. Illinois Tool Works’s revenue was up .6% on a year-over-year basis. Illinois Tool Works has set its FY 2025 guidance at 10.350-10.550 EPS.

Illinois Tool Works Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th will be given a $1.61 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.50. This represents a $6.44 annualized dividend and a dividend yield of 2.4%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 52.59%.

Hedge Funds Weigh In On Illinois Tool Works

Several institutional investors and hedge funds have recently made changes to their positions in the company. V. M. Manning & CO. Inc. acquired a new position in shares of Illinois Tool Works in the second quarter valued at approximately $317,000. Osaic Holdings Inc. boosted its stake in shares of Illinois Tool Works by 7.2% in the second quarter. Osaic Holdings Inc. now owns 77,043 shares of the industrial products company’s stock valued at $19,069,000 after buying an additional 5,203 shares during the period. Orion Porfolio Solutions LLC boosted its stake in shares of Illinois Tool Works by 22.1% in the second quarter. Orion Porfolio Solutions LLC now owns 31,421 shares of the industrial products company’s stock valued at $7,769,000 after buying an additional 5,691 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Illinois Tool Works by 4.0% in the second quarter. Thrivent Financial for Lutherans now owns 35,342 shares of the industrial products company’s stock valued at $8,755,000 after buying an additional 1,344 shares during the period. Finally, MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Illinois Tool Works in the second quarter valued at approximately $2,048,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Company Profile

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.