Illinois Tool Works (NYSE:ITW) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Illinois Tool Works (NYSE:ITW) announced its earnings results on Tuesday. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.79 by $0.05, Briefing.com reports. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same period last year, the firm posted $2.58 earnings per share. Illinois Tool Works’s quarterly revenue was up 6.1% on a year-over-year basis. Illinois Tool Works updated its FY 2026 guidance to 11.350-11.550 EPS.

Illinois Tool Works Price Performance

Shares of NYSE:ITW traded up $14.29 during midday trading on Tuesday, reaching $299.12. 300,301 shares of the company were exchanged, compared to its average volume of 1,418,467. The stock has a market cap of $86.06 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 4.86 and a beta of 1.00. The business’s fifty day moving average is $263.11 and its two-hundred day moving average is $267.30. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04. Illinois Tool Works has a one year low of $238.82 and a one year high of $303.15.

Illinois Tool Works Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were given a dividend of $1.61 per share. The ex-dividend date was Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.2%. Illinois Tool Works’s dividend payout ratio is currently 59.80%.

Analyst Upgrades and Downgrades

ITW has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on Illinois Tool Works from $295.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Wolfe Research restated an “underperform” rating and set a $286.00 price target on shares of Illinois Tool Works in a report on Thursday, July 9th. Wells Fargo & Company raised their target price on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research report on Monday, May 4th. 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. Finally, Evercore cut their price objective on shares of Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. One 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $274.00.

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 shares were bought at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.83% of the company’s stock.

Institutional Trading of Illinois Tool Works

Hedge funds have recently made changes to their positions in the business. Motiv8 Investments LLC purchased a new position in Illinois Tool Works in the fourth quarter worth about $27,000. Kemnay Advisory Services Inc. purchased a new position in shares of Illinois Tool Works in the 4th quarter worth approximately $27,000. Sfam LLC purchased a new position in shares of Illinois Tool Works in the 4th quarter worth approximately $31,000. Meeder Asset Management Inc. increased its position in shares of Illinois Tool Works by 215.0% during the 4th quarter. Meeder Asset Management Inc. now owns 126 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 86 shares during the last quarter. Finally, Wealth Watch Advisors INC raised its holdings in Illinois Tool Works by 347.2% during the 4th quarter. Wealth Watch Advisors INC now owns 237 shares of the industrial products company’s stock valued at $58,000 after buying an additional 184 shares during the period. 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.