Equities Analysts Offer Predictions for ITW Q3 Earnings

Illinois Tool Works Inc. (NYSE:ITW) – Analysts at Zacks Research boosted their Q3 2027 earnings estimates for Illinois Tool Works in a research note issued on Tuesday, February 17th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $3.13 per share for the quarter, up from their previous forecast of $3.10. The consensus estimate for Illinois Tool Works’ current full-year earnings is $10.39 per share. Zacks Research also issued estimates for Illinois Tool Works’ FY2027 earnings at $12.10 EPS and FY2028 earnings at $13.21 EPS.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.03. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.07 billion. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS.

Several other equities research analysts have also issued reports on ITW. Citigroup lifted their price target on Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. boosted their target price on Illinois Tool Works from $275.00 to $310.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Bank of America raised Illinois Tool Works from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $220.00 to $255.00 in a research note on Tuesday, November 18th. UBS Group reissued a “neutral” rating and set a $285.00 price target on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $253.00 price objective on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $272.92.

Illinois Tool Works Stock Down 0.9%

Shares of NYSE:ITW opened at $293.39 on Friday. The firm has a market capitalization of $84.56 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 15.85 and a beta of 1.15. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.89 and a current ratio of 1.21. Illinois Tool Works has a 52-week low of $214.66 and a 52-week high of $303.15. The firm has a fifty day moving average of $265.13 and a 200 day moving average of $258.21.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ITW. Cresta Advisors Ltd. bought a new stake in shares of Illinois Tool Works in the 4th quarter worth approximately $25,000. Corsicana & Co. bought a new stake in Illinois Tool Works in the third quarter valued at $26,000. Motiv8 Investments LLC bought a new stake in Illinois Tool Works in the fourth quarter valued at $27,000. Kemnay Advisory Services Inc. purchased a new position in Illinois Tool Works during the 4th quarter valued at $27,000. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of Illinois Tool Works in the 4th quarter worth about $28,000. Institutional investors own 79.77% of the company’s stock.

Insider Buying and Selling at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total value of $48,685,680.85. Following the transaction, the director owned 258,766 shares in the company, valued at approximately $75,282,792.38. The trade was a 39.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the transaction, the executive vice president directly owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. This trade represents a 42.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by insiders.

Illinois Tool Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be issued a $1.61 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $6.44 annualized dividend and a dividend yield of 2.2%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 61.39%.

Illinois Tool Works News Summary

Here are the key news stories impacting Illinois Tool Works this week:

• Positive Sentiment: Zacks Research raised several near‑ and medium‑term EPS forecasts (small but consistent increases), including FY2026 to $11.21 (from $11.17), FY2027 to $12.10 (from $12.04) and FY2028 to $13.21 — these upgrades signal an improving earnings trajectory well above the current consensus full‑year estimate of $10.39, which can support higher valuation for ITW.
• Positive Sentiment: Zacks also lifted multiple quarterly estimates (Q1–Q4 2026, Q2–Q4 2026/2027, and Q3 2027) — the breadth of revisions suggests analysts see durable margin or revenue improvement across cycles rather than a one‑off beat.
• Neutral Sentiment: A very small cut to Zacks’ Q1 2027 estimate (from $2.80 to $2.79) is immaterial in isolation, but highlights analysts are still fine‑tuning near‑term timing; these micro changes are unlikely to drive major stock moves.
• Negative Sentiment: A Seeking Alpha piece argues that “the market has better opportunities available,” presenting a bearish/rotational view that could weigh on sentiment if investors favor higher‑growth or cheaper alternatives. Article Title

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.