Illinois Tool Works (ITW) Expected to Release Earnings on Tuesday

Illinois Tool Works (NYSE:ITW) is anticipated to release its Q2 2026 results before the market opens on Tuesday, July 28th. Analysts expect the company to post earnings of $2.79 per share and revenue of $4.1893 billion for the quarter. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Individuals can check the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Tuesday, July 28, 2026 at 10:00 AM ET.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.09. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the firm posted $2.38 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, analysts expect Illinois Tool Works to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Illinois Tool Works Stock Performance

Shares of Illinois Tool Works stock opened at $282.91 on Friday. The stock has a market cap of $81.39 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 4.86 and a beta of 1.00. Illinois Tool Works has a twelve month low of $238.82 and a twelve month high of $303.15. The company’s fifty day moving average is $262.39 and its 200 day moving average is $266.96. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04.

Illinois Tool Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were issued a dividend of $1.61 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $6.44 annualized dividend and a yield of 2.3%. Illinois Tool Works’s payout ratio is presently 59.80%.

Analysts Set New Price Targets

ITW has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Illinois Tool Works from $295.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Citigroup reaffirmed a “neutral” rating on shares of Illinois Tool Works in a research note on Monday, July 13th. Weiss Ratings downgraded shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Wolfe Research reaffirmed an “underperform” rating and set a $286.00 price target on shares of Illinois Tool Works in a research report on Thursday, July 9th. Finally, Barclays lowered their price objective on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Illinois Tool Works currently has a consensus rating of “Reduce” and an average target price of $274.00.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, Director Jennifer F. Scanlon purchased 806 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average price of $247.99 per share, for a total transaction of $199,879.94. Following 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 filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.83% of the company’s stock.

Institutional Trading of Illinois Tool Works

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ITW. Motiv8 Investments LLC purchased a new position in Illinois Tool Works during the fourth quarter worth about $27,000. Kemnay Advisory Services Inc. purchased a new stake in Illinois Tool Works in the 4th quarter valued at about $27,000. Sfam LLC bought a new position in shares of Illinois Tool Works during the 4th quarter worth approximately $31,000. Meeder Asset Management Inc. boosted its stake in shares of Illinois Tool Works by 215.0% in the 4th quarter. Meeder Asset Management Inc. now owns 126 shares of the industrial products company’s stock worth $31,000 after buying an additional 86 shares during the last quarter. Finally, Wealth Watch Advisors INC grew its holdings in shares of Illinois Tool Works by 347.2% in the fourth quarter. Wealth Watch Advisors INC now owns 237 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 184 shares in the last quarter. 79.77% of the stock is owned by institutional investors.

About Illinois Tool Works

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.