Illinois Tool Works (NYSE:ITW) Issues FY 2026 Earnings Guidance

Illinois Tool Works (NYSE:ITW) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 11.000-11.400 for the period, compared to the consensus earnings per share estimate of 11.260. The company issued revenue guidance of $16.4 billion-$16.7 billion, compared to the consensus revenue estimate of $16.5 billion.

Illinois Tool Works Stock Performance

Shares of ITW opened at $264.35 on Tuesday. Illinois Tool Works has a 1 year low of $214.66 and a 1 year high of $278.13. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.53 and a quick ratio of 1.11. The stock’s fifty day moving average price is $253.76 and its two-hundred day moving average price is $254.97. The firm has a market cap of $76.69 billion, a PE ratio of 25.64, a PEG ratio of 13.99 and a beta of 1.15.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.04. Illinois Tool Works had a return on equity of 93.26% and a net margin of 19.05%.The company’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the company posted $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, equities research analysts forecast that Illinois Tool Works will post 10.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on ITW shares. Wolfe Research upped their price target on shares of Illinois Tool Works from $264.00 to $278.00 and gave the company an “underperform” rating in a research note on Thursday, January 15th. Truist Financial dropped their target price on Illinois Tool Works from $298.00 to $275.00 and set a “hold” rating on the stock in a research report on Monday, October 27th. Barclays lifted their price target on Illinois Tool Works from $243.00 to $244.00 and gave the company an “underweight” rating in a research report on Monday, October 27th. Robert W. Baird set a $265.00 price objective on Illinois Tool Works in a report on Monday, October 27th. Finally, Wells Fargo & Company lifted their target price on Illinois Tool Works from $245.00 to $250.00 and gave the company an “underweight” rating in a report on Wednesday, January 7th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $258.25.

Insider Activity

In other news, Director Pamela B. Strobel sold 1,521 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $245.25, for a total transaction of $373,025.25. Following the completion of the transaction, the director owned 39,249 shares of the company’s stock, valued at approximately $9,625,817.25. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.88% of the company’s stock.

Hedge Funds Weigh In On Illinois Tool Works

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Osterweis Capital Management Inc. increased its holdings in shares of Illinois Tool Works by 6,240.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 317 shares of the industrial products company’s stock worth $78,000 after buying an additional 312 shares during the last quarter. Front Street Capital Management Inc. purchased a new position in Illinois Tool Works in the second quarter worth $124,000. MUFG Securities EMEA plc bought a new position in Illinois Tool Works in the second quarter valued at $195,000. Invenio Wealth Partners LLC purchased a new stake in Illinois Tool Works during the third quarter valued at about $201,000. Finally, Seven Mile Advisory bought a new stake in Illinois Tool Works during the third quarter worth about $219,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

About Illinois Tool Works

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.