Zacks Research Issues Pessimistic Forecast for ITW Earnings

Illinois Tool Works Inc. (NYSE:ITW) – Stock analysts at Zacks Research decreased their Q3 2027 EPS estimates for Illinois Tool Works in a research report issued to clients and investors on Tuesday, November 10th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $3.17 per share for the quarter, down from their prior forecast of $3.27. The consensus estimate for Illinois Tool Works’ current full-year earnings is $11.49 per share. Zacks Research also issued estimates for Illinois Tool Works’ Q4 2027 earnings at $3.26 EPS, FY2027 earnings at $12.21 EPS, Q2 2028 earnings at $3.26 EPS, Q3 2028 earnings at $3.39 EPS and FY2028 earnings at $13.08 EPS.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.03. Illinois Tool Works had a net margin of 19.39% and a return on equity of 103.35%. The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the business earned $2.81 EPS. The company’s revenue was up 4.5% compared to the same quarter last year.

ITW has been the subject of a number of other research reports. The Goldman Sachs Group reissued a “sell” rating and issued a $270.00 price objective on shares of Illinois Tool Works in a research report on Tuesday, October 27th. Citigroup decreased their price target on Illinois Tool Works from $317.00 to $310.00 and set a “neutral” rating for the company in a research note on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft lowered their price target on Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. Truist Financial restated a “hold” rating and set a $293.00 price objective (down from $297.00) on shares of Illinois Tool Works in a report on Wednesday, October 28th. Finally, Robert W. Baird increased their price objective on shares of Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $276.33.

Illinois Tool Works Price Performance

NYSE ITW opened at $288.01 on Wednesday. The firm’s fifty day simple moving average is $272.22 and its two-hundred day simple moving average is $271.68. The firm has a market capitalization of $81.85 billion, a P/E ratio of 25.67, a P/E/G ratio of 3.15 and a beta of 0.92. The company has a current ratio of 1.29, a quick ratio of 0.94 and a debt-to-equity ratio of 2.28. Illinois Tool Works has a 12-month low of $238.82 and a 12-month high of $303.15.

Hedge Funds Weigh In On Illinois Tool Works

A number of institutional investors have recently bought and sold shares of ITW. Edmond DE Rothschild Holding S.A. lifted its stake in Illinois Tool Works by 7.0% during the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 63,522 shares of the industrial products company’s stock valued at $16,343,000 after acquiring an additional 4,177 shares during the period. Private Wealth Asset Management LLC boosted its holdings in shares of Illinois Tool Works by 477.1% in the 3rd quarter. Private Wealth Asset Management LLC now owns 15,800 shares of the industrial products company’s stock valued at $4,439,000 after acquiring an additional 13,062 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Illinois Tool Works by 111.8% in the third quarter. Private Advisor Group LLC now owns 42,865 shares of the industrial products company’s stock worth $11,028,000 after acquiring an additional 22,627 shares during the period. Ieq Capital LLC increased its stake in shares of Illinois Tool Works by 192.2% in the third quarter. Ieq Capital LLC now owns 43,193 shares of the industrial products company’s stock worth $11,113,000 after acquiring an additional 28,411 shares during the period. Finally, Focus Advisor Solutions LLC increased its stake in shares of Illinois Tool Works by 75.5% in the third quarter. Focus Advisor Solutions LLC now owns 19,860 shares of the industrial products company’s stock worth $5,110,000 after acquiring an additional 8,546 shares during the period. 79.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Santi sold 60,000 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $292.87, for a total transaction of $17,572,200.00. Following the sale, the director owned 266,333 shares in the company, valued at approximately $78,000,945.71. The trade was a 18.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matteo Pigozzo sold 277 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $289.22, for a total value of $80,113.94. Following the completion of the transaction, the chief accounting officer owned 3,394 shares of the company’s stock, valued at approximately $981,612.68. The trade was a 7.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 101,708 shares of company stock valued at $29,546,740. 0.83% of the stock is currently owned by insiders.

Illinois Tool Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be given a dividend of $1.72 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $6.88 dividend on an annualized basis and a yield of 2.4%. Illinois Tool Works’s payout ratio is currently 61.32%.

About Illinois Tool Works

Illinois Tool Works Inc. (NYSE: ITW) is a diversified manufacturer serving industrial and commercial customers around the world. Founded in 1912, the company is known for its decentralized operating model and focus on specialized products and solutions. ITW’s businesses make products and equipment for a range of markets, including automotive, food service, construction, welding, and testing and measurement. Its offerings include food-service equipment, welding systems and consumables, automotive components, construction products, polymers and fluids, and laboratory and electronics testing equipment.