Zacks Research Issues Negative Outlook for ITW Earnings

Illinois Tool Works Inc. (NYSE:ITW) – Analysts at Zacks Research lowered their Q2 2026 EPS estimates for Illinois Tool Works in a report released on Friday, June 5th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $2.79 per share for the quarter, down from their previous estimate of $2.80. The consensus estimate for Illinois Tool Works’ current full-year earnings is $11.37 per share. Zacks Research also issued estimates for Illinois Tool Works’ Q1 2027 earnings at $2.72 EPS, Q3 2027 earnings at $3.18 EPS, Q4 2027 earnings at $3.19 EPS and FY2028 earnings at $13.32 EPS.

A number of other equities analysts have also weighed in on ITW. Wells Fargo & Company increased their price target on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research report on Monday, May 4th. Wolfe Research upped their price objective on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research note on Friday, February 27th. Barclays dropped their target price on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 1st. JPMorgan Chase & Co. cut their price target on shares of Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Finally, Citigroup upped their price target on shares of Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. One investment 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $271.92.

Illinois Tool Works Stock Down 0.1%

Shares of Illinois Tool Works stock opened at $252.48 on Monday. Illinois Tool Works has a 12-month low of $238.82 and a 12-month high of $303.15. The firm has a market capitalization of $72.64 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 4.34 and a beta of 1.01. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. The stock’s fifty day moving average is $258.67 and its 200-day moving average is $262.61.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS.

Institutional Trading of Illinois Tool Works

Institutional investors have recently bought and sold shares of the company. Cresta Advisors Ltd. purchased a new stake in shares of Illinois Tool Works during the 4th quarter worth about $25,000. Motiv8 Investments LLC bought a new position in Illinois Tool Works during the fourth quarter valued at approximately $27,000. Kemnay Advisory Services Inc. acquired a new stake in Illinois Tool Works in the fourth quarter valued at approximately $27,000. Lodestone Wealth Management LLC bought a new stake in Illinois Tool Works in the fourth quarter worth approximately $28,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of Illinois Tool Works during the 4th quarter worth $29,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jennifer F. Scanlon bought 806 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was bought at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the transaction, the director directly owned 1,652 shares in the company, valued at $409,679.48. This represents a 95.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.83% of the company’s stock.

Illinois Tool Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be given a dividend of $1.61 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a yield of 2.6%. Illinois Tool Works’s payout ratio is presently 59.80%.

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.