Zacks Research Issues Negative Estimate for ITW Earnings

Illinois Tool Works Inc. (NYSE:ITW - Free Report) - Equities researchers at Zacks Research cut their Q1 2026 earnings per share estimates for Illinois Tool Works in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst A. Bhattacharjee now anticipates that the industrial products company will post earnings per share of $2.68 for the quarter, down from their previous estimate of $2.71. The consensus estimate for Illinois Tool Works' current full-year earnings is $10.13 per share.

A number of other brokerages have also commented on ITW. Truist Financial upped their target price on Illinois Tool Works from $281.00 to $312.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised their target price on Illinois Tool Works from $267.00 to $270.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. Robert W. Baird increased their target price on shares of Illinois Tool Works from $240.00 to $250.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Stifel Nicolaus upped their price target on Illinois Tool Works from $260.00 to $262.00 and gave the stock a "hold" rating in a report on Wednesday, October 16th. Finally, Barclays lifted their price target on shares of Illinois Tool Works from $215.00 to $230.00 and gave the company an "underweight" rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $257.30.

Illinois Tool Works Stock Down 0.2 %

NYSE:ITW traded down $0.56 during midday trading on Monday, reaching $270.07. 711,155 shares of the stock traded hands, compared to its average volume of 1,055,694. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 1.36. The business has a 50-day moving average of $260.56 and a two-hundred day moving average of $249.18. The stock has a market capitalization of $79.75 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 4.19 and a beta of 1.10. Illinois Tool Works has a 12-month low of $232.77 and a 12-month high of $277.58.

Illinois Tool Works (NYSE:ITW - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.53 by $0.12. Illinois Tool Works had a net margin of 21.66% and a return on equity of 97.06%. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same period last year, the firm earned $2.55 earnings per share. The company's quarterly revenue was down 1.6% on a year-over-year basis.

Illinois Tool Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Tuesday, December 31st. Illinois Tool Works's dividend payout ratio (DPR) is 51.90%.

Hedge Funds Weigh In On Illinois Tool Works

Large investors have recently made changes to their positions in the stock. TD Private Client Wealth LLC lifted its stake in Illinois Tool Works by 5.2% during the third quarter. TD Private Client Wealth LLC now owns 5,695 shares of the industrial products company's stock worth $1,492,000 after purchasing an additional 280 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Illinois Tool Works by 7.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,648 shares of the industrial products company's stock valued at $2,010,000 after buying an additional 505 shares during the period. RB Capital Management LLC purchased a new position in Illinois Tool Works during the 3rd quarter valued at about $213,000. Geode Capital Management LLC grew its position in Illinois Tool Works by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 6,292,268 shares of the industrial products company's stock valued at $1,645,972,000 after acquiring an additional 167,422 shares in the last quarter. Finally, MidWestOne Financial Group Inc. increased its stake in Illinois Tool Works by 7.4% during the third quarter. MidWestOne Financial Group Inc. now owns 3,941 shares of the industrial products company's stock worth $1,033,000 after purchasing an additional 273 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

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.