Q1 EPS Estimate for Illinois Tool Works Lifted by Analyst

Illinois Tool Works Inc. (NYSE:ITW) – Analysts at Zacks Research upped their Q1 2026 earnings per share (EPS) estimates for Illinois Tool Works in a research note issued to investors on Tuesday, February 17th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $2.53 per share for the quarter, up from their previous forecast 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.

A number of other research analysts have also weighed in on the company. Citigroup raised their target price on Illinois Tool Works from $271.00 to $284.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Evercore lowered their price target on Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating for the company in a research report on Monday, November 17th. Truist Financial lifted their price objective on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and issued a $285.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of Illinois Tool Works from $275.00 to $310.00 and gave the company an “overweight” rating in a research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $272.92.

Illinois Tool Works Trading Up 0.3%

ITW opened at $294.61 on Thursday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. The company’s 50-day moving average is $265.86 and its 200 day moving average is $258.50. The firm has a market capitalization of $84.91 billion, a PE ratio of 28.08, a P/E/G ratio of 15.73 and a beta of 1.15. Illinois Tool Works has a fifty-two week low of $214.66 and a fifty-two week high of $303.15.

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

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 issued a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio (DPR) is 61.39%.

Insider Activity

In related news, EVP Axel Beck sold 4,223 shares of Illinois Tool Works stock in a transaction that occurred 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 owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. The trade was a 42.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total value of $48,685,680.85. Following the completion of the transaction, the director owned 258,766 shares in the company, valued at approximately $75,282,792.38. The trade was a 39.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.88% of the company’s stock.

Hedge Funds Weigh In On Illinois Tool Works

Several hedge funds have recently made changes to their positions in the stock. Cresta Advisors Ltd. bought a new position in Illinois Tool Works in the 4th quarter worth about $25,000. Corsicana & Co. bought a new position in shares of Illinois Tool Works in the third quarter valued at approximately $26,000. Motiv8 Investments LLC purchased a new position in Illinois Tool Works during the fourth quarter valued at approximately $27,000. Kemnay Advisory Services Inc. bought a new stake in Illinois Tool Works during the 4th quarter worth approximately $27,000. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of Illinois Tool Works in the 4th quarter valued at about $28,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

More Illinois Tool Works News

Here are the key news stories impacting Illinois Tool Works this week:

• Positive Sentiment: Zacks raised FY2026 EPS to $11.21 (from $11.17) and increased several 2026 quarterly estimates (Q1–Q4 2026 slightly higher), implying stronger near‑term earnings momentum for ITW. Zacks raises FY2026 & 2026 quarter estimates
• Positive Sentiment: Zacks lifted FY2027 guidance to $12.10 EPS and increased Q3 2027 to $3.13 — an upward revision to multi‑year expectations that supports a higher valuation multiple. Zacks raises FY2027 estimates
• Positive Sentiment: Zacks published FY2028 estimates at $13.21 EPS, showing continued expected earnings growth beyond FY2027. This longer‑range raise can improve investor confidence in ITW’s growth trajectory. Zacks issues FY2028 estimate
• Negative Sentiment: One small downgrade: Zacks trimmed Q1 2027 to $2.79 from $2.80 — a very minor change that slightly offsets other raises but is unlikely to materially alter the outlook on its own. Zacks trims Q1 2027 estimate

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.