Zacks Research Has Optimistic Outlook of ITW FY2027 Earnings

Illinois Tool Works Inc. (NYSE:ITW) – Equities researchers at Zacks Research raised their FY2027 earnings 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 per share of $12.10 for the year, up from their previous forecast of $12.04. 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 2028 earnings at $3.02 EPS.

ITW has been the subject of several other research reports. JPMorgan Chase & Co. lowered their price objective on shares of Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Evercore decreased their price target on shares of Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Weiss Ratings cut Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Barclays reduced their price objective on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Finally, The Goldman Sachs Group restated a “sell” rating and set a $254.00 price objective on shares of Illinois Tool Works in a research note on Thursday, April 30th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $271.92.

Illinois Tool Works Stock Down 0.0%

Shares of NYSE:ITW opened at $252.60 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. Illinois Tool Works has a 52-week low of $238.82 and a 52-week high of $303.15. The company has a 50 day moving average of $258.50 and a two-hundred day moving average of $262.68. The company has a market capitalization of $72.67 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 4.34 and a beta of 1.01.

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

Illinois Tool Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 59.80%.

Insider Transactions at Illinois Tool Works

In related news, Director Jennifer F. Scanlon bought 806 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were bought at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the purchase, the director owned 1,652 shares of the company’s stock, valued at $409,679.48. This represents a 95.27% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On Illinois Tool Works

Hedge funds have recently added to or reduced their stakes in the stock. Cresta Advisors Ltd. bought a new stake in Illinois Tool Works in the fourth quarter valued at $25,000. Motiv8 Investments LLC bought a new stake in Illinois Tool Works in the fourth quarter valued at $27,000. Kemnay Advisory Services Inc. bought a new stake in Illinois Tool Works in the fourth quarter valued at $27,000. Lodestone Wealth Management LLC bought a new stake in Illinois Tool Works in the fourth quarter valued at $28,000. Finally, Beacon Financial Strategies CORP bought a new stake in Illinois Tool Works in the fourth quarter valued at $29,000. 79.77% of the stock is currently owned by institutional investors.

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.