Q1 EPS Estimate for Illinois Tool Works Boosted by Analyst

Illinois Tool Works Inc. (NYSE:ITW) – Equities research analysts at Zacks Research increased their Q1 2028 earnings estimates for shares of Illinois Tool Works in a report released on Wednesday, July 1st. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $3.03 per share for the quarter, up from their prior estimate of $3.02. 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’ Q2 2028 earnings at $3.37 EPS.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $4.01 billion. During the same period last year, the business earned $2.38 EPS. Illinois Tool Works’s quarterly revenue was up 4.6% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS.

A number of other equities analysts also recently weighed in on the stock. Barclays decreased their target price on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research note on Wednesday, April 1st. Wells Fargo & Company upped their price target on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research note on Monday, May 4th. Citigroup raised their price objective on Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Evercore lowered their price objective on Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. dropped their target price on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Illinois Tool Works has an average rating of “Reduce” and a consensus target price of $271.92.

Illinois Tool Works Trading Down 0.6%

NYSE:ITW opened at $268.93 on Thursday. The firm has a market capitalization of $77.37 billion, a P/E ratio of 24.97, a PEG ratio of 4.65 and a beta of 0.99. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86. Illinois Tool Works has a one year low of $238.82 and a one year high of $303.15. The company’s 50-day simple moving average is $257.95 and its 200 day simple moving average is $264.49.

Illinois Tool Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be paid a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio is currently 59.80%.

Insider Activity

In other news, Director Jennifer F. Scanlon purchased 806 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the acquisition, the director directly owned 1,652 shares in the company, valued at $409,679.48. This represents a 95.27% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On Illinois Tool Works

A number of hedge funds have recently added to or reduced their stakes in the company. Cresta Advisors Ltd. bought a new stake in shares of Illinois Tool Works in the 4th quarter worth $25,000. Motiv8 Investments LLC bought a new position in shares of Illinois Tool Works during the fourth quarter valued at $27,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Illinois Tool Works during the fourth quarter valued at $27,000. Lodestone Wealth Management LLC purchased a new stake in shares of Illinois Tool Works during the fourth quarter valued at $28,000. Finally, Beacon Financial Strategies CORP bought a new stake in Illinois Tool Works in the 4th quarter worth about $29,000. 79.77% of the stock is currently owned by hedge funds and other 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.