Q3 EPS Forecast for Illinois Tool Works Reduced by Analyst

Illinois Tool Works Inc. (NYSE:ITW) – Equities research analysts at Zacks Research cut their Q3 2025 earnings per share estimates for shares of Illinois Tool Works in a report released on Wednesday, May 14th. Zacks Research analyst A. Bhattacharjee now anticipates that the industrial products company will post earnings per share of $2.63 for the quarter, down from their prior estimate of $2.72. 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 $2.77 EPS, Q3 2026 earnings at $2.84 EPS and FY2026 earnings at $10.97 EPS.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.04. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Illinois Tool Works had a return on equity of 95.39% and a net margin of 21.94%. Illinois Tool Works’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the firm earned $2.44 EPS.

A number of other research firms have also recently commented on ITW. StockNews.com cut Illinois Tool Works from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on Illinois Tool Works from $300.00 to $295.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company decreased their price target on Illinois Tool Works from $250.00 to $245.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. Bank of America lowered Illinois Tool Works from a “neutral” rating to an “underperform” rating and set a $220.00 price objective for the company. in a research report on Wednesday, May 7th. Finally, Robert W. Baird raised their price objective on Illinois Tool Works from $239.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $253.42.

Illinois Tool Works Price Performance

NYSE:ITW opened at $251.66 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The business’s 50-day simple moving average is $241.76 and its two-hundred day simple moving average is $255.46. The stock has a market cap of $73.74 billion, a PE ratio of 21.47, a P/E/G ratio of 4.56 and a beta of 1.12. Illinois Tool Works has a 52 week low of $214.66 and a 52 week high of $279.13.

Illinois Tool Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Monday, June 30th will be given a $1.50 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.00 annualized dividend and a yield of 2.38%. Illinois Tool Works’s dividend payout ratio is currently 52.77%.

Insider Buying and Selling

In other Illinois Tool Works news, CEO Christopher A. O’herlihy sold 48,453 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $274.36, for a total value of $13,293,565.08. Following the completion of the sale, the chief executive officer now owns 55,113 shares of the company’s stock, valued at $15,120,802.68. This trade represents a 46.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ernest Scott Santi sold 70,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $263.30, for a total transaction of $18,431,000.00. Following the completion of the sale, the director now directly owns 260,224 shares of the company’s stock, valued at approximately $68,516,979.20. The trade was a 21.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 159,925 shares of company stock worth $42,973,845. Corporate insiders own 0.88% of the company’s stock.

Institutional Trading of Illinois Tool Works

Several institutional investors and hedge funds have recently modified their holdings of the stock. SageView Advisory Group LLC raised its stake in shares of Illinois Tool Works by 57.1% during the first quarter. SageView Advisory Group LLC now owns 2,523 shares of the industrial products company’s stock valued at $626,000 after acquiring an additional 917 shares in the last quarter. Advisory Alpha LLC bought a new stake in shares of Illinois Tool Works during the first quarter valued at approximately $259,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Illinois Tool Works by 0.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,072,473 shares of the industrial products company’s stock valued at $513,994,000 after acquiring an additional 13,354 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Illinois Tool Works during the first quarter valued at approximately $2,158,000. Finally, Empowered Funds LLC raised its stake in shares of Illinois Tool Works by 6.9% during the first quarter. Empowered Funds LLC now owns 37,938 shares of the industrial products company’s stock valued at $9,409,000 after acquiring an additional 2,437 shares in the last quarter. Institutional investors 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.