Zacks Research Issues Optimistic Forecast for ITW Earnings

Illinois Tool Works Inc. (NYSE:ITW) – Research analysts at Zacks Research raised their Q1 2026 earnings per share estimates for Illinois Tool Works in a note issued to investors on Tuesday, February 17th. Zacks Research analyst Team now expects that the industrial products company will earn $2.53 per share for the quarter, up from their previous estimate of $2.52. 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’ Q2 2026 earnings at $2.85 EPS, Q3 2026 earnings at $2.94 EPS, Q4 2026 earnings at $2.90 EPS, FY2026 earnings at $11.21 EPS, Q1 2027 earnings at $2.79 EPS and Q4 2027 earnings at $3.12 EPS.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.03. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.07 billion. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS.

A number of other equities analysts also recently commented on the stock. Barclays raised their target price on shares of Illinois Tool Works from $244.00 to $275.00 and gave the company an “underweight” rating in a research note on Monday, February 9th. Bank of America upgraded Illinois Tool Works from an “underperform” rating to a “neutral” rating and increased their price target for the company from $220.00 to $255.00 in a report on Tuesday, November 18th. Evercore reduced their price objective on Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating on the stock in a research note on Monday, November 17th. Truist Financial upped their target price on Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a research report on Wednesday, February 4th. Finally, Robert W. Baird set a $278.00 target price on Illinois Tool Works in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $272.92.

Illinois Tool Works Trading Down 0.9%

Shares of ITW opened at $293.39 on Thursday. Illinois Tool Works has a twelve month low of $214.66 and a twelve month high of $303.15. The firm has a market capitalization of $84.56 billion, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 15.85 and a beta of 1.15. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07. The stock’s fifty day simple moving average is $265.13 and its 200 day simple moving average is $258.21.

Illinois Tool Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 31st will be paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s payout ratio is currently 61.39%.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $290.93, for a total value of $48,685,680.85. Following the transaction, the director owned 258,766 shares of the company’s stock, valued at approximately $75,282,792.38. This represents a 39.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $290.22, for a total value of $1,225,599.06. Following the sale, the executive vice president directly owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is owned by insiders.

Institutional Trading of Illinois Tool Works

Institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC increased its position in Illinois Tool Works by 5.3% during the fourth quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock worth $1,399,000 after buying an additional 277 shares during the last quarter. Bison Wealth LLC boosted its stake 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 worth $901,000 after acquiring an additional 81 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Illinois Tool Works by 20.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company’s stock valued at $257,000 after acquiring an additional 177 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Illinois Tool Works by 41.7% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,350 shares of the industrial products company’s stock valued at $619,000 after acquiring an additional 692 shares in the last quarter. Finally, Bogart Wealth LLC lifted its holdings in Illinois Tool Works by 26.3% in the 2nd quarter. Bogart Wealth LLC now owns 216 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 45 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

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.