Zacks Research Brokers Reduce Earnings Estimates for ITW

Illinois Tool Works Inc. (NYSE:ITW) – Equities research analysts at Zacks Research dropped their Q1 2026 earnings per share estimates for shares of Illinois Tool Works in a research report issued 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 prior forecast of $2.71. The consensus estimate for Illinois Tool Works’ current full-year earnings is $10.13 per share.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.97 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the previous year, the firm posted $2.55 earnings per share. Illinois Tool Works’s revenue was down 1.6% compared to the same quarter last year.

Other equities analysts have also recently issued research reports about the company. Argus raised Illinois Tool Works to a “strong-buy” rating in a report on Wednesday, July 31st. StockNews.com upgraded Illinois Tool Works from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company lifted their price target on shares of Illinois Tool Works from $236.00 to $250.00 and gave the stock an “underweight” rating in a research note on Monday, October 7th. Evercore ISI cut shares of Illinois Tool Works from an “in-line” rating to an “underperform” rating and increased their price objective for the company from $246.00 to $255.00 in a research note on Wednesday, November 13th. Finally, Barclays lifted their target price on shares of Illinois Tool Works from $215.00 to $230.00 and gave the company an “underweight” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $257.30.

Illinois Tool Works Stock Down 0.2 %

Shares of ITW opened at $270.07 on Monday. 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 company has a 50-day simple moving average of $260.56 and a 200-day simple moving average of $249.18. Illinois Tool Works has a 52 week low of $232.77 and a 52 week high of $277.58. The firm has a market capitalization of $79.75 billion, a P/E ratio of 23.36, a P/E/G ratio of 4.19 and a beta of 1.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ITW. TD Private Client Wealth LLC boosted its stake in Illinois Tool Works by 5.2% in 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 third 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 last quarter. RB Capital Management LLC acquired a new position in Illinois Tool Works during the 3rd quarter worth about $213,000. Geode Capital Management LLC grew its holdings in Illinois Tool Works by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 6,292,268 shares of the industrial products company’s stock worth $1,645,972,000 after acquiring an additional 167,422 shares during the last quarter. Finally, MidWestOne Financial Group Inc. increased its position in Illinois Tool Works by 7.4% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 3,941 shares of the industrial products company’s stock valued at $1,033,000 after acquiring an additional 273 shares in the last quarter. 79.77% of the stock is owned by institutional investors and hedge funds.

Illinois Tool Works Announces Dividend

The company also recently announced 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 currently 51.90%.

About Illinois Tool Works

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.