Illinois Tool Works (NYSE:ITW) Releases FY 2026 Earnings Guidance

Illinois Tool Works (NYSE:ITW) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 11.350-11.550 for the period, compared to the consensus EPS estimate of 11.340. The company issued revenue guidance of $16.7 billion-$16.8 billion, compared to the consensus revenue estimate of $16.6 billion.

Analyst Ratings Changes

A number of equities analysts have commented on ITW shares. Wolfe Research restated an “underperform” rating and set a $286.00 price objective on shares of Illinois Tool Works in a research report on Thursday, July 9th. Evercore reduced their price objective on shares of Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Weiss Ratings downgraded Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Citigroup reissued a “neutral” rating on shares of Illinois Tool Works in a report on Monday, July 13th. Finally, UBS Group reissued a “neutral” rating and issued a $300.00 target price on shares of Illinois Tool Works in a report on Wednesday. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $279.69.

Illinois Tool Works Price Performance

ITW stock traded down $6.88 during trading on Thursday, hitting $285.57. The stock had a trading volume of 268,809 shares, compared to its average volume of 1,430,174. Illinois Tool Works has a 1-year low of $238.82 and a 1-year high of $303.15. The stock has a market cap of $82.16 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 5.05 and a beta of 1.00. The company’s 50 day moving average price is $264.93 and its two-hundred day moving average price is $267.92. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.86 and a current ratio of 1.11.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.04. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.58 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, sell-side analysts forecast that Illinois Tool Works will post 11.43 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were paid a dividend of $1.61 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.3%. Illinois Tool Works’s payout ratio is currently 59.80%.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, Director Jennifer F. Scanlon bought 806 shares of Illinois Tool Works stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the acquisition, the director owned 1,652 shares of the company’s stock, valued at $409,679.48. The trade was a 95.27% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On Illinois Tool Works

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kemnay Advisory Services Inc. purchased a new stake in shares of Illinois Tool Works during the fourth quarter valued at approximately $27,000. Motiv8 Investments LLC purchased a new position in shares of Illinois Tool Works in the fourth quarter valued at $27,000. Sfam LLC acquired a new stake in Illinois Tool Works during the 4th quarter valued at $31,000. Meeder Asset Management Inc. increased its stake in Illinois Tool Works by 215.0% during the 4th quarter. Meeder Asset Management Inc. now owns 126 shares of the industrial products company’s stock worth $31,000 after buying an additional 86 shares during the period. Finally, Wealth Watch Advisors INC increased its stake in Illinois Tool Works by 347.2% during the 4th quarter. Wealth Watch Advisors INC now owns 237 shares of the industrial products company’s stock worth $58,000 after buying an additional 184 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

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.