Illinois Tool Works očekává za čtvrtletí zisk na akcii (EPS) ve výši 2,99 USD (+6,4 % meziročně) a tržby ve výši 4,26 mld. USD (+5 %); ukazatel Earnings ESP činí −0,52 %.
Wall Street expects a year-over-year increase in earnings on higher revenues when Illinois Tool Works (ITW - Free Report) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on October 27, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis equipment manufacturer for the transportation, power, food and construction industries is expected to post quarterly earnings of $2.99 per share in its upcoming report, which represents a year-over-year change of +6.4%.
Revenues are expected to be $4.26 billion, up 5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.14% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Illinois Tool Works?For Illinois Tool Works, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.52%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Illinois Tool Works will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Illinois Tool Works would post earnings of $2.8 per share when it actually produced earnings of $2.84, delivering a surprise of +1.43%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Illinois Tool Works doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAmong the stocks in the Zacks Manufacturing - General Industrial industry, Crane (CR - Free Report) , is soon expected to post earnings of $1.81 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +10.4%. This quarter's revenue is expected to be $738.09 million, up 25.3% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Crane has been revised 0.1% down to the current level. Nevertheless, the company now has an Earnings ESP of +0.86%, reflecting a higher Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Crane will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
GLENVIEW, Ill., Oct. 15, 2026 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its third quarter 2026 results on Tuesday, October 27, 2026, at 7:00 a.m. CDT. Following the release, ITW will hold its third quarter 2026 earnings webcast at 9:00 a.m. CDT.
To access the webcast for the event, please click on the following link:
ITW Q3 2026 Earnings Webcast
If you are a participant on the conference call, please dial 1-833-461-5787 (domestic) or 1-585-542-9983 (international) 10 minutes prior to the 9:00 a.m. CDT start time. The meeting id is 460987187.
Following the webcast, presentation materials and an audio webcast replay will be available at http://investor.itw.com.
About Illinois Tool Works
ITW (NYSE: ITW) is a Fortune 300 global multi-industrial manufacturing leader with revenue of $16 billion in 2025. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 43,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. www.itw.com.
Shares of Illinois Tool Works Inc. (NYSE:ITW – Get Free Report) have been assigned an average rating of “Reduce” from the thirteen brokerages that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $282.00.
Several analysts recently commented on ITW shares. Truist Financial cut their price objective on Illinois Tool Works from $308.00 to $297.00 and set a “hold” rating for the company in a report on Monday. Robert W. Baird increased their target price on Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price target on Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating on the stock in a report on Wednesday, September 30th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Illinois Tool Works in a report on Monday, July 13th.
Get Our Latest Report on ITW
ITW opened at $266.94 on Wednesday. Illinois Tool Works has a twelve month low of $238.82 and a twelve month high of $303.15. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26. The firm has a 50 day moving average price of $277.56 and a 200-day moving average price of $268.15. The stock has a market capitalization of $76.03 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 2.85 and a beta of 0.96. Illinois Tool Works (NYSE:ITW – Get Free Report) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.04. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. Equities research analysts forecast that Illinois Tool Works will post 11.44 earnings per share for the current year.
Illinois Tool Works Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be paid a $1.72 dividend. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.61. The ex-dividend date is Wednesday, September 30th. This represents a $6.88 annualized dividend and a dividend yield of 2.6%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 62.38%.
Insiders Place Their Bets In other Illinois Tool Works news, CAO Matteo C. Pigozzo sold 277 shares of the company’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 sale, the chief accounting officer owned 3,394 shares in the company, valued at $981,612.68. This represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ernest Santi sold 41,431 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total value of $11,894,425.79. Following the completion of the transaction, the director directly owned 266,288 shares in the company, valued at $76,448,621.92. This trade represents a 13.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.83% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Illinois Tool Works Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Winnow Wealth LLC grew its holdings in shares of Illinois Tool Works by 1.0% during the fourth quarter. Winnow Wealth LLC now owns 3,809 shares of the industrial products company’s stock worth $941,000 after buying an additional 37 shares in the last quarter. Crown Wealth Group LLC grew its stake in Illinois Tool Works by 4.0% during the 1st quarter. Crown Wealth Group LLC now owns 953 shares of the industrial products company’s stock valued at $248,000 after acquiring an additional 37 shares in the last quarter. Argos Wealth Advisors LLC lifted its stake in Illinois Tool Works by 2.6% in the 1st quarter. Argos Wealth Advisors LLC now owns 1,526 shares of the industrial products company’s stock worth $397,000 after purchasing an additional 39 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in shares of Illinois Tool Works by 21.5% during the 2nd quarter. JFS Wealth Advisors LLC now owns 226 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 40 shares during the last quarter. Finally, North Star Investment Management Corp. increased its holdings in shares of Illinois Tool Works by 0.5% in the first quarter. North Star Investment Management Corp. now owns 8,191 shares of the industrial products company’s stock valued at $2,132,000 after purchasing an additional 44 shares during the last quarter. 79.77% of the stock is owned by hedge funds and other institutional investors.
About Illinois Tool Works (Get Free Report)
Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces engineered products and systems for customers worldwide. The company serves a broad range of end markets, including automotive, construction, food service, welding, electronics, and general industry.
ITW’s product portfolio includes automotive components and fasteners, commercial food equipment, welding equipment and consumables, test and measurement instruments, electronic components, polymers and fluids, construction fastening systems, and other specialized industrial products.
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Illinois Tool Works Inc. (NYSE:ITW – Get Free Report) declared a quarterly dividend on Friday, August 7th. Investors of record on Wednesday, September 30th will be given a dividend of $1.72 per share by the industrial products company on Friday, October 9th. This represents a $6.88 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 6.8% increase from Illinois Tool Works’s previous quarterly dividend of $1.61.
Illinois Tool Works has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 55 years. Illinois Tool Works has a dividend payout ratio of 62.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Illinois Tool Works to earn $12.45 per share next year, which means the company should continue to be able to cover its $6.88 annual dividend with an expected future payout ratio of 55.3%.
Illinois Tool Works Trading Down 0.0% Shares of ITW stock opened at $274.20 on Monday. Illinois Tool Works has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.81 and a current ratio of 1.11. The stock’s fifty day moving average is $279.66 and its two-hundred day moving average is $268.29. The firm has a market capitalization of $78.09 billion, a P/E ratio of 24.86, a PEG ratio of 2.93 and a beta of 0.98.
Illinois Tool Works (NYSE:ITW – Get Free Report) last released its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping 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 for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.58 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. Research analysts expect that Illinois Tool Works will post 11.44 earnings per share for the current fiscal year. Analyst Upgrades and Downgrades A number of analysts have commented on the stock. Citigroup reiterated a “neutral” rating on shares of Illinois Tool Works in a report on Monday, July 13th. UBS Group reaffirmed a “neutral” rating and issued a $300.00 price target on shares of Illinois Tool Works in a report on Wednesday, July 29th. Truist Financial lifted their price objective on Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Weiss Ratings upgraded Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Wolfe Research reiterated an “underperform” rating and set a $286.00 price target on shares of Illinois Tool Works in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, Illinois Tool Works currently has a consensus rating of “Reduce” and a consensus target price of $281.25.
View Our Latest Research Report on Illinois Tool Works
(Get Free Report)
Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces specialized equipment, components, consumables and related solutions for businesses worldwide. Its products are used across industries including automotive, food service, construction, electronics, welding and general manufacturing.
The company operates through several business segments, including Automotive, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products.
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Ancora Advisors ve 2. čtvrtletí nově koupila 1 909 akcií společnosti Illinois Tool Works za zhruba 516 000 USD. Firma zároveň oznámila kvartální zisk na akcii ve výši 2,84 USD a tržby 4,30 miliardy USD.
Ancora Advisors LLC acquired a new position in shares of Illinois Tool Works Inc. (NYSE:ITW – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,909 shares of the industrial products company’s stock, valued at approximately $516,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Illinois Tool Works in the 2nd quarter valued at about $6,296,349,000. Norges Bank purchased a new stake in shares of Illinois Tool Works during the fourth quarter worth about $808,351,000. Bank of New York Mellon Corp acquired a new position in shares of Illinois Tool Works in the second quarter valued at approximately $603,166,000. Legal & General Group Plc purchased a new position in shares of Illinois Tool Works during the second quarter valued at approximately $500,748,000. Finally, Deutsche Bank AG acquired a new stake in Illinois Tool Works during the second quarter worth approximately $221,746,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.
Illinois Tool Works Stock Performance Shares of NYSE:ITW opened at $280.19 on Friday. The business has a 50-day moving average of $279.88 and a two-hundred day moving average of $271.50. The firm has a market capitalization of $79.80 billion, a PE ratio of 25.40, a P/E/G ratio of 4.76 and a beta of 0.99. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.11 and a quick ratio of 0.81. Illinois Tool Works Inc. has a 12 month low of $238.82 and a 12 month high of $303.15.
Illinois Tool Works (NYSE:ITW – Get Free Report) last announced its quarterly earnings results 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. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.19 billion. During the same period in the previous year, the company posted $2.58 earnings per share. Illinois Tool Works’s revenue was up 6.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, research analysts forecast that Illinois Tool Works Inc. will post 11.45 earnings per share for the current year. Illinois Tool Works Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be issued a $1.72 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $6.88 dividend on an annualized basis and a yield of 2.5%. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s dividend payout ratio (DPR) is currently 58.39%.
Insider Buying and Selling at Illinois Tool Works In other Illinois Tool Works news, Director Jennifer F. Scanlon purchased 806 shares of Illinois Tool Works stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average price of $247.99 per share, with a total value of $199,879.94. Following the completion of the acquisition, the director owned 1,652 shares of the company’s stock, valued at approximately $409,679.48. This trade 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. Also, CAO Matteo C. Pigozzo sold 277 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $289.22, for a total transaction of $80,113.94. Following the transaction, the chief accounting officer directly owned 3,394 shares in the company, valued at $981,612.68. The trade was a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.83% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In A number of research analysts have weighed in on ITW shares. Wolfe Research reissued an “underperform” rating and set a $286.00 price target on shares of Illinois Tool Works in a research note on Thursday, July 9th. Truist Financial upped their target price on Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Robert W. Baird increased their target price on Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price target on Illinois Tool Works from $310.00 to $350.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, UBS Group reaffirmed a “neutral” rating and set a $300.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Illinois Tool Works has a consensus rating of “Reduce” and a consensus target price of $281.25.
View Our Latest Report on Illinois Tool Works
Illinois Tool Works Profile (Free Report)
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.
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Illinois Tool Works oznámila vyšší čtvrtletní dividendu na 1,72 USD na akcii z 1,61 USD. Zároveň ve 2. čtvrtletí překonala odhady ziskem na akcii 2,84 USD i tržbami 4,30 miliardy USD.
Biondo Investment Advisors LLC bought a new stake in Illinois Tool Works Inc. (NYSE:ITW – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 43,436 shares of the industrial products company’s stock, valued at approximately $11,748,000. Illinois Tool Works comprises about 1.4% of Biondo Investment Advisors LLC’s investment portfolio, making the stock its 27th biggest holding.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Cresta Advisors Ltd. acquired a new position in shares of Illinois Tool Works during the 4th quarter valued at about $25,000. Motiv8 Investments LLC acquired a new position in Illinois Tool Works during the fourth quarter worth approximately $27,000. Kemnay Advisory Services Inc. purchased a new position in shares of Illinois Tool Works in the 4th quarter worth $27,000. Ares Financial Consulting LLC purchased a new stake in Illinois Tool Works during the fourth quarter valued at about $31,000. Finally, Wilkerson Advisory Group LLC increased its stake in Illinois Tool Works by 77.6% during the first quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 52 shares during the last quarter. 79.77% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Illinois Tool Works In related news, CAO Matteo C. Pigozzo sold 277 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $289.22, for a total transaction of $80,113.94. Following the transaction, the chief accounting officer owned 3,394 shares in the company, valued at $981,612.68. This trade represents a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jennifer F. Scanlon bought 806 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average price of $247.99 per share, with a total value of $199,879.94. Following the completion of the transaction, the director directly owned 1,652 shares of the company’s stock, valued at $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.83% of the stock is owned by company insiders.
Wall Street Analyst Weigh In Several equities analysts have recently weighed in on ITW shares. Weiss Ratings raised Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Evercore reduced their target price on shares of Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Truist Financial increased their price objective on shares of Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. The Goldman Sachs Group restated a “sell” rating and issued a $254.00 price target on shares of Illinois Tool Works in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $281.25. View Our Latest Report on Illinois Tool Works
Illinois Tool Works Price Performance ITW opened at $282.23 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26. The company’s 50-day moving average price is $278.00 and its 200 day moving average price is $271.55. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The firm has a market cap of $80.38 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 4.77 and a beta of 0.99.
Illinois Tool Works (NYSE:ITW – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.04. The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, sell-side analysts expect that Illinois Tool Works Inc. will post 11.45 earnings per share for the current year.
Illinois Tool Works Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be given a $1.72 dividend. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.61. The ex-dividend date is Wednesday, September 30th. This represents a $6.88 annualized dividend and a yield of 2.4%. Illinois Tool Works’s payout ratio is currently 58.39%.
Illinois Tool Works Profile (Free Report)
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.
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EP Wealth Advisors ve 2. čtvrtletí koupila novou pozici v akciích Illinois Tool Works za zhruba 2,61 mil. USD. ITW zároveň vykázala tržby 4,30 mld. USD a zisk na akcii 2,84 USD, nad odhady analytiků.
EP Wealth Advisors LLC purchased a new position in Illinois Tool Works Inc. (NYSE:ITW – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,638 shares of the industrial products company’s stock, valued at approximately $2,607,000.
A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Illinois Tool Works by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 26,887,218 shares of the industrial products company’s stock worth $6,622,322,000 after acquiring an additional 189,229 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Illinois Tool Works in the 2nd quarter worth about $6,296,349,000. State Street Corp boosted its stake in Illinois Tool Works by 1.2% in the 4th quarter. State Street Corp now owns 12,596,511 shares of the industrial products company’s stock worth $3,122,535,000 after purchasing an additional 151,864 shares in the last quarter. Geode Capital Management LLC grew its position in Illinois Tool Works by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 6,944,651 shares of the industrial products company’s stock valued at $1,709,734,000 after purchasing an additional 184,301 shares during the last quarter. Finally, Capital Research Global Investors grew its position in Illinois Tool Works by 3.2% during the 4th quarter. Capital Research Global Investors now owns 4,636,392 shares of the industrial products company’s stock valued at $1,141,948,000 after purchasing an additional 142,837 shares during the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.
Analyst Ratings Changes Several brokerages have issued reports on ITW. Wolfe Research reaffirmed an “underperform” rating and issued a $286.00 target price on shares of Illinois Tool Works in a report on Thursday, July 9th. Weiss Ratings upgraded shares of Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Truist Financial raised their price target on shares of Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. UBS Group restated a “neutral” rating and issued a $300.00 price objective on shares of Illinois Tool Works in a report on Wednesday, July 29th. Finally, Evercore lowered their price objective on Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $281.25.
View Our Latest Analysis on Illinois Tool Works Insiders Place Their Bets In other news, Director Ernest Scott Santi sold 41,431 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total value of $11,894,425.79. Following the transaction, the director directly owned 266,288 shares in the company, valued at $76,448,621.92. This trade represents a 13.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Matteo C. Pigozzo sold 277 shares of Illinois Tool Works stock in a transaction on 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 sale, the chief accounting officer directly owned 3,394 shares of the company’s stock, valued at $981,612.68. The trade was a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.83% of the stock is currently owned by insiders.
Illinois Tool Works Price Performance NYSE ITW opened at $282.23 on Friday. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. The stock has a 50-day moving average of $278.00 and a 200 day moving average of $271.50. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.81 and a current ratio of 1.11. The company has a market capitalization of $80.38 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 4.77 and a beta of 0.99.
Illinois Tool Works (NYSE:ITW – Get Free Report) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.04. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.19 billion. During the same quarter in the prior year, the business earned $2.58 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. 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 Inc. will post 11.45 EPS for the current year.
Illinois Tool Works Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be issued a $1.72 dividend. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, September 30th. Illinois Tool Works’s dividend payout ratio is 58.39%.
Illinois Tool Works Profile (Free Report)
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.
See Also Five stocks we like better than Illinois Tool Works 2 Biotech Stocks Shaping Up for Major Breakouts 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit? Want to see what other hedge funds are holding ITW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Illinois Tool Works Inc. (NYSE:ITW – Free Report).
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Advisors Capital Management ve 2. čtvrtletí otevřela novou pozici v Illinois Tool Works a koupila 3 650 akcií za zhruba 987 000 USD. ITW zároveň oznámila zvýšení čtvrtletní dividendy na 1,72 USD na akcii.
Advisors Capital Management LLC bought a new position in shares of Illinois Tool Works Inc. (NYSE:ITW – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,650 shares of the industrial products company’s stock, valued at approximately $987,000.
A number of other large investors have also recently modified their holdings of ITW. Vanguard Group Inc. raised its holdings in shares of Illinois Tool Works by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 26,887,218 shares of the industrial products company’s stock worth $6,622,322,000 after buying an additional 189,229 shares in the last quarter. BlackRock Inc. bought a new position in Illinois Tool Works in the second quarter valued at about $6,296,349,000. State Street Corp raised its stake in Illinois Tool Works by 1.2% during the fourth quarter. State Street Corp now owns 12,596,511 shares of the industrial products company’s stock worth $3,122,535,000 after acquiring an additional 151,864 shares in the last quarter. Geode Capital Management LLC raised its stake in Illinois Tool Works by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 6,944,651 shares of the industrial products company’s stock worth $1,709,734,000 after acquiring an additional 184,301 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of Illinois Tool Works by 3.2% in the 4th quarter. Capital Research Global Investors now owns 4,636,392 shares of the industrial products company’s stock valued at $1,141,948,000 after purchasing an additional 142,837 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.
Insider Activity In related news, CAO Matteo C. Pigozzo sold 277 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $289.22, for a total value of $80,113.94. Following the transaction, the chief accounting officer owned 3,394 shares in the company, valued at $981,612.68. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jennifer F. Scanlon purchased 806 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the transaction, the director directly owned 1,652 shares of the company’s stock, valued at approximately $409,679.48. The trade was a 95.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.83% of the company’s stock.
Illinois Tool Works Stock Performance NYSE ITW opened at $282.23 on Friday. The company has a market capitalization of $80.38 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 4.78 and a beta of 0.99. Illinois Tool Works Inc. has a twelve month low of $238.82 and a twelve month high of $303.15. The stock has a fifty day simple moving average of $278.00 and a 200 day simple moving average of $271.50. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26. Illinois Tool Works (NYSE:ITW – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.04. The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.58 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. Sell-side analysts expect that Illinois Tool Works Inc. will post 11.45 EPS for the current year.
Illinois Tool Works Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be given a $1.72 dividend. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. The ex-dividend date is Wednesday, September 30th. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.4%. Illinois Tool Works’s dividend payout ratio is presently 58.39%.
Analysts Set New Price Targets A number of research firms recently issued reports on ITW. The Goldman Sachs Group reiterated a “sell” rating and set a $254.00 price objective on shares of Illinois Tool Works in a research report on Thursday, April 30th. UBS Group restated a “neutral” rating and issued a $300.00 target price on shares of Illinois Tool Works in a research report on Wednesday, July 29th. Truist Financial boosted their target price on shares of Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Evercore dropped their price target on Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. raised their price objective on Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $281.25.
Read Our Latest Report on Illinois Tool Works
(Free Report)
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.
Featured Articles Five stocks we like better than Illinois Tool Works Blueprint for a Boom: SEC Clears the Crypto Runway Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss Advance Auto Parts Plunged, But Its Turnaround Is Still Working Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
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Allworth Financial LP bought a new position in shares of Illinois Tool Works Inc. (NYSE:ITW – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,829 shares of the industrial products company’s stock, valued at approximately $2,117,000.
A number of other institutional investors have also bought and sold shares of ITW. BlackRock Inc. bought a new stake in Illinois Tool Works in the second quarter worth approximately $6,296,349,000. Norges Bank bought a new position in shares of Illinois Tool Works during the 4th quarter worth approximately $808,351,000. Bank of New York Mellon Corp acquired a new stake in shares of Illinois Tool Works during the 2nd quarter worth approximately $603,166,000. Deutsche Bank AG bought a new stake in shares of Illinois Tool Works in the 2nd quarter valued at $221,746,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Illinois Tool Works during the 2nd quarter valued at $180,734,000. Institutional investors own 79.77% of the company’s stock.
Illinois Tool Works Stock Performance Shares of Illinois Tool Works stock opened at $282.23 on Friday. The business’s fifty day simple moving average is $278.00 and its 200 day simple moving average is $271.50. The company has a current ratio of 1.11, a quick ratio of 0.81 and a debt-to-equity ratio of 2.26. Illinois Tool Works Inc. has a 12 month low of $238.82 and a 12 month high of $303.15. The firm has a market capitalization of $80.38 billion, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 4.78 and a beta of 0.99.
Illinois Tool Works (NYSE:ITW – Get Free Report) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.04. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.19 billion. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.The business’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, analysts anticipate that Illinois Tool Works Inc. will post 11.45 EPS for the current year. Illinois Tool Works Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be paid a $1.72 dividend. The ex-dividend date is Wednesday, September 30th. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 dividend on an annualized basis and a yield of 2.4%. Illinois Tool Works’s dividend payout ratio is presently 58.39%.
Analyst Ratings Changes ITW has been the subject of a number of research reports. Wells Fargo & Company raised their price target on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a report on Monday, May 4th. UBS Group reissued a “neutral” rating and set a $300.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, July 29th. The Goldman Sachs Group restated a “sell” rating and issued a $254.00 target price on shares of Illinois Tool Works in a research note on Thursday, April 30th. Weiss Ratings raised Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, Wolfe Research reiterated an “underperform” rating and issued a $286.00 price target on shares of Illinois Tool Works in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $281.25.
Read Our Latest Stock Analysis on Illinois Tool Works
Insider Activity In other news, Director Ernest Scott Santi sold 41,431 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $287.09, for a total transaction of $11,894,425.79. Following the completion of the sale, the director owned 266,288 shares in the company, valued at $76,448,621.92. This trade represents a 13.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matteo C. Pigozzo sold 277 shares of Illinois Tool Works stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total transaction of $80,113.94. Following the completion of the sale, the chief accounting officer directly owned 3,394 shares in the company, valued at $981,612.68. This trade represents a 7.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.83% of the company’s stock.
Illinois Tool Works Profile (Free Report)
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.
Further Reading Five stocks we like better than Illinois Tool Works Blueprint for a Boom: SEC Clears the Crypto Runway Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss Advance Auto Parts Plunged, But Its Turnaround Is Still Working Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates? Want to see what other hedge funds are holding ITW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Illinois Tool Works Inc. (NYSE:ITW – Free Report).
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August 07, 2026 13:26 ET | Source: Illinois Tool Works Inc.
GLENVIEW, Ill., Aug. 07, 2026 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today announced that its Board of Directors has approved a seven percent increase in the company’s regular annual cash dividend from $6.44 to $6.88 per share. The increase is effective with the fourth-quarter dividend of $1.72, which was declared today, and is payable on October 9, 2026, to holders of record at the close of business on September 30, 2026.
In addition, ITW announced that its Board of Directors has approved a new authorization for the company to repurchase up to $6 billion of its common stock as part of its disciplined capital allocation strategy. The timing and volume of any share repurchases will be determined by management at its discretion.
"Our 63rd consecutive annual dividend increase and new $6 billion share repurchase authorization reflect the strength of the ITW Business Model and our continued confidence in the company’s long-term growth and free cash flow generation," said Christopher A. O’Herlihy, President and Chief Executive Officer. "Returning capital to our shareholders remains a core element of our disciplined capital allocation framework."
About ITW:
Founded in 1912, Illinois Tool Works Inc. (NYSE: ITW) is a Fortune 300 global multi-industry manufacturing leader with revenue of $16 billion in 2025. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 43,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. To learn more, please visit www.itw.com.
Revenue of $4.30 billion, increased +6.1% as organic growth accelerated to +4.5%Operating income of $1.15 billion grew +7.4% marking the most profitable quarter in company historyOperating margin of 26.7% expanded 40 bps, as enterprise initiatives contributed 120 bpsGAAP EPS of $2.84 increased +10.1%Operating cash flow of $723 million and free cash flow of $631 million; an increase of +41%Full Year 2026 guidance raised; organic revenue raised +1.5%-pts to new midpoint of 3.5% and GAAP EPS raised +$0.15 to new midpoint of $11.45 GLENVIEW, Ill., July 28, 2026 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) today reported its second quarter 2026 results and raised full year 2026 guidance.
“The ITW team delivered a strong operational and financial performance in the second quarter highlighted by organic growth of 4.5 percent, operating margin of 26.7 percent, and a 10 percent increase in GAAP earnings per share to $2.84,” said Christopher A. O’Herlihy, President and Chief Executive Officer.
“Our results reflect a meaningful acceleration in our capex-related segments, led by double-digit organic growth in Welding and Test & Measurement and Electronics, alongside strong performance in Polymers & Fluids. As we advance our enterprise strategy priorities, we remain well-positioned to drive consistent, above-market organic growth powered by increased contribution to revenue growth from Customer-Back Innovation while further expanding profitability and margins. As a result of our strong operational momentum, we are raising both top- and bottom-line guidance for the full year,” O’Herlihy concluded.
Second Quarter 2026 Results
Second quarter revenue of $4.30 billion increased by 6.1 percent. Organic revenue growth was 4.5 percent, led by 6.4 percent growth in North America. Foreign currency translation increased revenue by 1.4 percent and an acquisition added 0.2 percent.
GAAP EPS grew 10.1 percent to $2.84, while operating income increased 7.4 percent to $1.15 billion, marking the most profitable quarter in the history of the company. Operating margin expanded by 40 basis points to 26.7 percent as enterprise initiatives contributed 120 basis points. In the quarter, price increases more than offset higher raw material costs in dollar terms, though timing lags between inflation and price adjustments modestly diluted margins. Operating cash flow was $723 million, and free cash flow was $631 million, a 41 percent increase representing a 77 percent conversion of net income. During the quarter, the company returned over $1.2 billion to shareholders through dividends and share repurchases of $750 million. The effective tax rate for the quarter was 24.4 percent.
2026 Guidance
ITW is raising its full year 2026 GAAP EPS guidance by $0.15 to a narrowed range of $11.35 to $11.55 per share, representing 9 percent growth at the midpoint. Based on current demand levels and prevailing foreign exchange rates, the company is raising revenue growth guidance to a new range of 4 to 5 percent and raising organic growth guidance to 3 to 4 percent, a 1.5 percentage point increase at the midpoint.
Operating margin is projected to be in the range of 26.5 to 27.5 percent, with enterprise initiatives contributing more than 100 basis points. Free cash flow is projected to exceed 100 percent of net income, and the company expects to repurchase approximately $1.5 billion of its own shares. The projected effective tax rate is 23 to 24 percent.
Non-GAAP Measures
This earnings release contains certain non-GAAP financial measures. A reconciliation of these measures to the most directly comparable GAAP measures is included in the attached supplemental reconciliation schedule. The estimated guidance of free cash flow to net income conversion rate is based on assumptions that are difficult to predict, and estimated guidance for the most directly comparable GAAP measure and a reconciliation of this forward-looking estimate to its most directly comparable GAAP estimate have been omitted due to the unreasonable efforts required in connection with such a reconciliation and the lack of reliable forward-looking cash flow information. For the same reasons, the company is unable to address the potential significance of the unavailable information, which could be material to future results.
Forward-looking Statements
This earnings release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements regarding global supply chain challenges, expected impact of inflation including raw material inflation and rising interest rates, the potential impact of tariffs, the company’s projected pricing actions, the impact of enterprise initiatives, future financial and operating performance, free cash flow and free cash flow to net income conversion rate, organic and total revenue, operating and incremental margin, price/cost impact, statements regarding diluted income per share, expected dividend payments, after-tax return on invested capital, effective tax rates, exchange rates, expected timing and amount of share repurchases, end market economic and regulatory conditions, the impact of recent or potential acquisitions and/or divestitures, and the company’s 2026 guidance. These statements are subject to certain risks, uncertainties, assumptions, and other factors, which could cause actual results to differ materially from those anticipated. Important risks that could cause actual results to differ materially from the company’s expectations include those that are detailed in ITW’s Form 10-K for 2025 and subsequent reports filed with the SEC.
About Illinois Tool Works
ITW (NYSE: ITW) is a Fortune 300 global multi-industrial manufacturing leader with revenue of $16 billion in 2025. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 43,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. www.itw.com.
ILLINOIS TOOL WORKS INC. and SUBSIDIARIES
STATEMENT OF INCOME (UNAUDITED)
Three Months Ended Six Months Ended June 30, June 30,In millions except per share amounts2026 2025 2026 2025Operating Revenue$4,301 $4,053 $8,317 $7,892 Cost of revenue 2,403 2,271 4,659 4,432 Selling, administrative, and research and development expenses 735 693 1,457 1,399 Amortization and impairment of intangible assets 16 21 34 42 Operating Income 1,147 1,068 2,167 2,019 Interest expense (79) (74) (152) (142)Other income (expense) 12 4 32 16 Income Before Taxes 1,080 998 2,047 1,893 Income Taxes 265 243 464 438 Net Income$815 $755 $1,583 $1,455 Net Income Per Share: Basic$2.85 $2.58 $5.51 $4.97 Diluted$2.84 $2.58 $5.50 $4.95 Cash Dividends Per Share: Paid$1.61 $1.50 $3.22 $3.00 Declared$1.61 $1.50 $3.22 $3.00 Shares of Common Stock Outstanding During the Period: Average 286.4 292.3 287.3 292.9 Average assuming dilution 287.0 292.9 288.1 293.7 ILLINOIS TOOL WORKS INC. and SUBSIDIARIES
STATEMENT OF FINANCIAL POSITION (UNAUDITED) In millionsJune 30, 2026 December 31, 2025Assets Current Assets: Cash and equivalents$839 $851 Trade receivables 3,564 3,227 Inventories 1,756 1,659 Prepaid expenses and other current assets 441 463 Total current assets 6,600 6,200 Net plant and equipment 2,235 2,230 Goodwill 5,074 5,098 Intangible assets 558 591 Deferred income taxes 489 519 Other assets 1,538 1,510 $16,494 $16,148 Liabilities and Stockholders' Equity Current Liabilities: Short-term debt$3,145 $2,286 Accounts payable 636 522 Accrued expenses 1,592 1,636 Cash dividends payable 457 465 Income taxes payable 123 217 Total current liabilities 5,953 5,126 Noncurrent Liabilities: Long-term debt 6,549 6,683 Deferred income taxes 162 154 Other liabilities 935 959 Total noncurrent liabilities 7,646 7,796 Stockholders' Equity: Common stock 6 6 Additional paid-in-capital 1,838 1,771 Retained earnings 30,812 30,150 Common stock held in treasury (28,004) (26,875)Accumulated other comprehensive income (loss) (1,758) (1,827)Noncontrolling interest 1 1 Total stockholders' equity 2,895 3,226 $16,494 $16,148 ILLINOIS TOOL WORKS INC. and SUBSIDIARIES
SEGMENT DATA (UNAUDITED)
Three Months Ended June 30, 2026Dollars in millionsTotal RevenueOperating IncomeOperating MarginAutomotive OEM$857 $185 21.6 %Food Equipment 692 188 27.1 %Test & Measurement and Electronics 769 193 25.2 %Welding 549 178 32.4 %Polymers & Fluids 476 140 29.3 %Construction Products 494 151 30.6 %Specialty Products 468 148 31.5 %Intersegment (4) — — %Total Segments 4,301 1,183 27.5 %Unallocated — (36)— %Total Company$4,301 $1,147 26.7 % Six Months Ended June 30, 2026Dollars in millionsTotal RevenueOperating IncomeOperating MarginAutomotive OEM$1,677 $358 21.3 %Food Equipment 1,329 345 26.0 %Test & Measurement and Electronics 1,484 357 24.1 %Welding 1,056 341 32.3 %Polymers & Fluids 928 266 28.7 %Construction Products 952 286 30.0 %Specialty Products 899 283 31.4 %Intersegment (8) — — %Total Segments 8,317 2,236 26.9 %Unallocated — (69)— %Total Company$8,317 $2,167 26.1 % ILLINOIS TOOL WORKS INC. and SUBSIDIARIES
SEGMENT DATA (UNAUDITED)
Q2 2026 vs. Q2 2025 Favorable/(Unfavorable)Operating
RevenueAutomotive OEMFood EquipmentTest & Measurement and ElectronicsWeldingPolymers & FluidsConstruction ProductsSpecialty ProductsTotal ITWOrganic(0.4)%— %10.0 %13.9 %7.3 %2.0 %1.6 %4.5 %Acquisitions/
Divestitures— %— %1.3 %— %— %— %— %0.2 %Translation1.7 %1.6 %0.8 %0.8 %1.5 %2.3 %1.4 %1.4 %Operating
Revenue1.3 %1.6 %12.1 %14.7 %8.8 %4.3 %3.0 %6.1 % Q2 2026 vs. Q2 2025 Favorable/(Unfavorable)Change in Operating MarginAutomotive OEMFood EquipmentTest & Measurement and ElectronicsWeldingPolymers & FluidsConstruction ProductsSpecialty ProductsTotal ITWOperating Leverage(10) bps—250 bps220 bps140 bps40 bps20 bps90 bpsChanges in Variable
Margin & OH Costs20 bps(60) bps—(250) bps40 bps(40) bps(150) bps(50) bpsTotal Organic10 bps(60) bps250 bps(30) bps180 bps—(130) bps40 bpsAcquisitions/
Divestitures——(20) bps—————Restructuring/Other20 bps—10 bps(40) bps(20) bps(20) bps20 bps—Total Operating
Margin Change30 bps(60) bps240 bps(70) bps160 bps(20) bps(110) bps40 bps Total Operating
Margin % *21.6%27.1%25.2%32.4%29.3%30.6%31.5%26.7% * Includes unfavorable operating margin impact of amortization expense from acquisition-related intangible assets20 bps10 bps120 bps—80 bps10 bps20 bps40 bps **** Amortization expense from acquisition-related intangible assets had an unfavorable impact of ($0.04) on GAAP earnings per share for the second quarter of 2026. ILLINOIS TOOL WORKS INC. and SUBSIDIARIES
SEGMENT DATA (UNAUDITED) H1 2026 vs. H1 2025 Favorable/(Unfavorable)Operating
RevenueAutomotive OEMFood EquipmentTest & Measurement and ElectronicsWeldingPolymers & FluidsConstruction ProductsSpecialty ProductsTotal ITWOrganic(0.6)%(1.3)%7.4 %10.0 %4.6 %0.4 %(1.5)%2.5 %Acquisitions/
Divestitures— %— %1.5 %— %— %— %— %0.3 %Translation3.4 %2.9 %2.0 %1.0 %2.5 %3.5 %2.6 %2.6 %Operating
Revenue2.8 %1.6 %10.9 %11.0 %7.1 %3.9 %1.1 %5.4 % H1 2026 vs. H1 2025 Favorable/(Unfavorable)Change in
Operating MarginAutomotive OEMFood EquipmentTest & Measurement and ElectronicsWeldingPolymers & FluidsConstruction ProductsSpecialty ProductsTotal ITWOperating Leverage(10) bps(20) bps200 bps160 bps90 bps20 bps(30) bps50 bpsChanges in Variable
Margin & OH Costs70 bps(100) bps20 bps(180) bps80 bps(10) bps(40) bps(10) bpsTotal Organic60 bps(120) bps220 bps(20) bps170 bps10 bps(70) bps40 bpsAcquisitions/
Divestitures——(40) bps—————Restructuring/Other40 bps10 bps20 bps(30) bps(10) bps(10) bps30 bps10 bpsTotal Operating
Margin Change100 bps(110) bps200 bps(50) bps160 bps—(40) bps50 bps Total Operating
Margin % *21.3%26.0%24.1%32.3%28.7%30.0%31.4%26.1% * Includes unfavorable operating margin impact of amortization expense from acquisition-related intangible assets20 bps—130 bps—90 bps10 bps20 bps40 bps **** Amortization expense from acquisition-related intangible assets had an unfavorable impact of ($0.09) on GAAP earnings per share for the first half of 2026. ILLINOIS TOOL WORKS INC. and SUBSIDIARIES
GAAP to NON-GAAP RECONCILIATIONS (UNAUDITED)AFTER-TAX RETURN ON AVERAGE INVESTED CAPITAL (UNAUDITED)
Three Months Ended Six Months Ended June 30, June 30,Dollars in millions2026 2025 2026 2025Numerator: Net Income$815 $755 $1,583 $1,455 Discrete tax benefit related to the first quarter 2026 — — (34) — Discrete tax benefit related to the first quarter 2025 — — — (21)Interest expense, net of tax (1) 59 56 115 108 Other (income) expense, net of tax (1) (9) (3) (24) (12)Operating income after taxes$865 $808 $1,640 $1,530 Denominator: Invested capital: Cash and equivalents$839 $788 $839 $788 Trade receivables 3,564 3,320 3,564 3,320 Inventories 1,756 1,710 1,756 1,710 Net plant and equipment 2,235 2,177 2,235 2,177 Goodwill and intangible assets 5,632 5,596 5,632 5,596 Accounts payable and accrued expenses (2,228) (2,157) (2,228) (2,157)Debt (9,694) (8,937) (9,694) (8,937)Other, net 791 714 791 714 Total net assets (stockholders' equity) 2,895 3,211 2,895 3,211 Cash and equivalents (839) (788) (839) (788)Debt 9,694 8,937 9,694 8,937 Total invested capital$11,750 $11,360 $11,750 $11,360 Average invested capital (2)$11,650 $10,996 $11,548 $10,741 Net income to average invested capital (3) 28.0 % 27.4 % 27.4 % 27.1 %After-tax return on average invested capital (3) 29.7 % 29.4 % 28.4 % 28.5 % (1) Effective tax rate used for interest expense and other (income) expense for the three months ended June 30, 2026 and 2025 was 24.4% in both periods. Effective tax rate used for interest expense and other (income) expense for the six months ended June 30, 2026 and 2025 was 24.3% and 24.2%, respectively.
(2) Average invested capital is calculated using the total invested capital balances at the start of the period and at the end of each quarter within each of the periods presented.
(3) Returns for the three months ended June 30, 2026 and 2025 were converted to an annual rate by multiplying the calculated return by 4. Returns for the six months ended June 30, 2026 and 2025 were converted to an annual rate by multiplying the calculated return by 2.
A reconciliation of the tax rate for the six month period ended June 30, 2026, excluding the first quarter 2026 discrete tax benefit of $34 million primarily related to the resolution of a U.S. tax audit, is as follows:
Six Months Ended June 30, 2026Dollars in millionsIncome Taxes
Tax RateAs reported$464 22.6 %Discrete tax benefit related to the first quarter 2026 34 1.7 %As adjusted$498 24.3 % A reconciliation of the tax rate for the six month period ended June 30, 2025, excluding the first quarter 2025 discrete tax benefit of $21 million related to the reversal of a valuation allowance on net operating loss carryforwards, is as follows:
Six Months Ended June 30, 2025Dollars in millionsIncome Taxes Tax RateAs reported$438 23.1 %Discrete tax benefit related to the first quarter 2025 21 1.1 %As adjusted$459 24.2 % AFTER-TAX RETURN ON AVERAGE INVESTED CAPITAL (UNAUDITED)
Twelve Months EndedDollars in millionsDecember 31, 2025Numerator: Net income$3,066 Net discrete tax benefit related to the third quarter 2025 (27)Discrete tax benefit related to the first quarter 2025 (21)Interest expense, net of tax (1) 222 Other (income) expense, net of tax (1) (32)Operating income after taxes$3,208 Denominator: Invested capital: Cash and equivalents$851 Trade receivables 3,227 Inventories 1,659 Net plant and equipment 2,230 Goodwill and intangible assets 5,689 Accounts payable and accrued expenses (2,158)Debt (8,969)Other, net 697 Total net assets (stockholders' equity) 3,226 Cash and equivalents (851)Debt 8,969 Total invested capital$11,344 Average invested capital (2)$10,959 Net income to average invested capital 28.0 %After-tax return on average invested capital 29.3 % (1) Effective tax rate used for interest expense and other (income) expense for the year ended December 31, 2025 was 23.9%.
(2) Average invested capital is calculated using the total invested capital balances at the start of the period and at the end of each quarter within the period presented.
A reconciliation of the 2025 effective tax rate, excluding the third quarter 2025 net discrete tax benefit of $27 million, which included a favorable discrete tax benefit of $43 million related to the estimated U.S. federal tax liability for 2024, partially offset by a $16 million discrete tax expense related primarily to the resolution of a foreign tax audit, and excluding the first quarter 2025 discrete tax benefit of $21 million related to the reversal of a valuation allowance on net operating loss carryforwards, is as follows:
Twelve Months Ended December 31, 2025Dollars in millionsIncome Taxes
Tax RateAs reported$900 22.7 %Net discrete tax benefit related to the third quarter 2025 27 0.7 %Discrete tax benefit related to the first quarter 2025 21 0.5 %As adjusted$948 23.9 % FREE CASH FLOW (UNAUDITED)
Three Months Ended Six Months Ended June 30, June 30,Dollars in millions2026 2025 2026 2025Net cash provided by operating activities$723 $550 $1,346 $1,142 Less: Additions to plant and equipment (92) (101) (187) (197)Free cash flow$631 $449 $1,159 $945 Net income$815 $755 $1,583 $1,455 Net cash provided by operating activities to net income conversion rate 89 % 73 % 85 % 78 %Free cash flow to net income conversion rate 77 % 59 % 73 % 65 % Investor Relations & Media Contact:
Erin Linnihan
Tel: 224.661.7431 [email protected] | [email protected]
Illinois Tool Works oznámí výsledky za 2. čtvrtletí 28. července před otevřením trhu. Konsensus čeká tržby 4,18 miliardy USD a upravený zisk na akcii 2,80 USD.
Key Takeaways ITW is set to report Q2 2026 results on July 28 before market open after four straight earnings beats.ITW's Food Equipment, Automotive OEM and Electronics units are expected to post revenue growth.ITW may face pressure from weak construction demand in Europe and foreign currency headwinds. Illinois Tool Works Inc. (ITW - Free Report) is scheduled to release second-quarter 2026 results on July 28, 2026, before market open.
The Zacks Consensus Estimate for second-quarter earnings has remained steady in the past 30 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters. The average surprise was 2.8%.
The consensus estimate for second-quarter revenues is pegged at $4.18 billion, suggesting growth of 3.2% from the year-ago quarter’s figure. The consensus estimate for adjusted earnings is pinned at $2.80 per share, indicating an 8.5% increase from the year-ago quarter’s number.
Let’s see how things have shaped up for Illinois Tool this earnings season.
Factors to Note Ahead of ITW’s ResultsGrowth in the institutional and food retail markets in North America, along with higher service revenues, is likely to have boosted the performance of Illinois Tool’s Food Equipment segment. Our model estimates the segment’s revenues to increase 2.5% year over year to $696.8 million.
Strong momentum in the filter medical business is likely to have driven its Specialty Products segment’s performance. We expect the Specialty Products segment’s revenues to grow 2.6% year over year to $466.6 million.
Solid momentum in the equipment and filler metals businesses due to higher demand for products in North America is expected to have aided the Welding segment’s performance in the second quarter. Our model estimates the segment’s revenues to increase 4.7% from the year-ago quarter to $501.5 million.
The Automotive OEM segment’s performance is expected to have benefited from growth in the electric vehicles end market. We expect the segment’s revenues to grow 2.1% year over year to $862.3 million in the second quarter.
Strength in the semiconductor and electronics end markets in North America and the Asia Pacific is expected to boost the Test & Measurement and Electronics segment’s results. We expect the segment’s revenues to increase 4.5% year over year to $716.9 million in the second quarter.
The Polymers & Fluids segment is anticipated to have performed well in the second quarter, driven by new product launches in the automotive aftermarket. We expect the segment’s revenues to increase 2.9% from the year-ago quarter to $450.8 million.
However, weakness in the commercial and residential construction end markets, owing to lower demand for products in Europe, is likely to have hurt the Construction Products segment’s revenues in the second quarter.
ITW has considerable exposure to overseas markets. Given the company’s substantial international operations, foreign currency headwinds are likely to have marred its profitability.
Earnings WhispersOur proven model does not conclusively predict an earnings beat for ITW this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as elaborated below.
Earnings ESP: ITW has an Earnings ESP of 0.00% as both the Zacks Consensus Estimate and the Most Accurate Estimate are pegged at $2.80 per share. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank: Illinois Tool presently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to ConsiderHere are some companies, which according to our model, have the right combination of elements to beat on earnings in this reporting cycle.
Crane Company (CR - Free Report) has an Earnings ESP of +4.73% and a Zacks Rank of 2 at present. The company is scheduled to release second-quarter 2026 results on July 28.
Crane’s earnings surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 11.3%.
Ferguson Enterprises Inc. (FERG - Free Report) has an Earnings ESP of +1.22% and a Zacks Rank of 2 at present. The company is slated to release second-quarter 2026 results on Aug. 10.
Ferguson’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 6.5%.
Ingersoll Rand Inc. (IR - Free Report) has an Earnings ESP of +0.61% and a Zacks Rank of 3 at present. The company is slated to release second-quarter 2026 results on July 30.
Ingersoll Rand’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters while matching the mark in two, the average surprise being 2.4%.
