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

Posted by Geri Gentry on Jul 28th, 2026

Illinois Tool Works (NYSE:ITW – Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 11.350-11.550 for the period, compared to the consensus EPS estimate of 11.340. The company issued revenue guidance of $16.7 billion-$16.8 billion, compared to the consensus revenue estimate of $16.6 billion.

Wall Street Analyst Weigh In

ITW has been the subject of a number of research reports. The Goldman Sachs Group reiterated a “sell” rating and set a $254.00 target price on shares of Illinois Tool Works in a report on Thursday, April 30th. Citigroup restated a “neutral” rating on shares of Illinois Tool Works in a report on Monday, July 13th. Barclays decreased their price objective on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research note on Wednesday, April 1st. Truist Financial upped their price target on shares of Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. 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. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $274.00.

Read Our Latest Stock Analysis on ITW

Illinois Tool Works Trading Up 0.7%

ITW opened at $285.12 on Tuesday. The firm’s 50 day moving average is $263.11 and its 200-day moving average is $267.30. Illinois Tool Works has a 52-week low of $238.82 and a 52-week high of $303.15. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $82.03 billion, a P/E ratio of 26.47, a P/E/G ratio of 4.86 and a beta of 1.00.

Illinois Tool Works (NYSE:ITW – Get Free Report) last announced its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.09. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.01 billion. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.38 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Analysts expect that Illinois Tool Works will post 11.37 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were paid a dividend of $1.61 per share. The ex-dividend date was Tuesday, June 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.3%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 59.80%.

Insider Buying and Selling

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

Institutional Trading of Illinois Tool Works

Several institutional investors have recently added to or reduced their stakes in ITW. Kemnay Advisory Services Inc. bought a new stake in shares of Illinois Tool Works in the 4th quarter worth about $27,000. Motiv8 Investments LLC bought a new position in shares of Illinois Tool Works during the fourth quarter worth about $27,000. Sfam LLC acquired a new position in Illinois Tool Works in the fourth quarter worth about $31,000. Meeder Asset Management Inc. increased its holdings in Illinois Tool Works by 215.0% in the fourth quarter. Meeder Asset Management Inc. now owns 126 shares of the industrial products company’s stock valued at $31,000 after buying an additional 86 shares during the last quarter. Finally, Wealth Watch Advisors INC increased its holdings in Illinois Tool Works by 347.2% in the fourth 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 last quarter. 79.77% of the stock is owned by institutional investors and hedge funds.

About Illinois Tool Works

(Get 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.