Zacks Research Brokers Lower Earnings Estimates for ITW

Posted by Stanley Muller on Oct 28th, 2026

Illinois Tool Works Inc. (NYSE:ITW – Free Report) – Stock analysts at Zacks Research cut their Q2 2027 EPS estimates for Illinois Tool Works in a report released on Friday, October 23rd. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $3.03 for the quarter, down from their previous estimate of $3.04. The consensus estimate for Illinois Tool Works’ current full-year earnings is $11.42 per share. Zacks Research also issued estimates for Illinois Tool Works’ Q1 2028 earnings at $2.97 EPS, Q2 2028 earnings at $3.28 EPS, Q3 2028 earnings at $3.48 EPS and FY2028 earnings at $13.20 EPS.

ITW has been the subject of a number of other research reports. JPMorgan Chase & Co. cut Illinois Tool Works from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $350.00 to $270.00 in a research report on Friday, October 9th. Citigroup reaffirmed a “neutral” rating on shares of Illinois Tool Works in a research report on Monday, July 13th. 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 research note on Monday, October 5th. Wolfe Research reissued an “underperform” rating and issued a $286.00 target price on shares of Illinois Tool Works in a report on Thursday, July 9th. Finally, Weiss Ratings cut shares of Illinois Tool Works from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th. 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $274.75.

Get Our Latest Stock Analysis on Illinois Tool Works

Illinois Tool Works Stock Performance

Shares of Illinois Tool Works stock opened at $275.76 on Monday. The stock has a market cap of $78.54 billion, a P/E ratio of 25.00 and a beta of 0.96. The stock’s fifty day moving average is $271.71 and its 200 day moving average is $270.33. Illinois Tool Works has a one year low of $238.82 and a one year high of $303.15.

Illinois Tool Works (NYSE:ITW – Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.03. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.26 billion. The company’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.81 EPS.

Institutional Investors Weigh In On Illinois Tool Works

A number of institutional investors have recently added to or reduced their stakes in the stock. North Dakota State Investment Board increased its stake in shares of Illinois Tool Works by 2.2% during the third quarter. North Dakota State Investment Board now owns 8,810 shares of the industrial products company’s stock valued at $2,267,000 after buying an additional 193 shares during the period. VestGen Advisors LLC lifted its stake in Illinois Tool Works by 10.8% in the third quarter. VestGen Advisors LLC now owns 7,653 shares of the industrial products company’s stock worth $1,969,000 after acquiring an additional 745 shares during the period. Great Lakes Retirement Inc. lifted its stake in Illinois Tool Works by 2.3% in the third quarter. Great Lakes Retirement Inc. now owns 8,848 shares of the industrial products company’s stock worth $2,292,000 after acquiring an additional 198 shares during the period. Generali Asset Management SPA SGR grew its holdings in Illinois Tool Works by 1.2% during the 3rd quarter. Generali Asset Management SPA SGR now owns 32,100 shares of the industrial products company’s stock worth $8,259,000 after acquiring an additional 367 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in Illinois Tool Works by 3.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 119,967 shares of the industrial products company’s stock worth $30,865,000 after acquiring an additional 3,660 shares in the last quarter. 79.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Illinois Tool Works

In other news, CAO Matteo 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 transaction, the chief accounting officer owned 3,394 shares of the company’s stock, valued at $981,612.68. This represents a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ernest Santi sold 41,431 shares of the 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 sale, the director owned 266,288 shares of the company’s stock, valued at $76,448,621.92. This represents a 13.46% decrease in their position. The SEC filing for this sale provides additional information. 0.83% of the stock is owned by company insiders.

Illinois Tool Works Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th were issued a dividend of $1.72 per share. This is a boost 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 2.5%. The ex-dividend date of this dividend was Wednesday, September 30th. Illinois Tool Works’s payout ratio is 62.38%.

Illinois Tool Works News Summary

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

Positive Sentiment: Q3 EPS beat expectations: ITW reported adjusted earnings of $3.00 per share, above the roughly $2.97–$2.99 consensus and up from $2.81 a year earlier. Revenue increased 4.5% year over year to $4.24 billion. ITW Reports Third Quarter 2026 Results
Positive Sentiment: Raised 2026 outlook: Management increased its full-year 2026 earnings guidance, signaling confidence in continued growth. Electronics was a key growth driver, while enterprise initiatives helped expand operating margins and produce record operating income. Illinois Tool Works Q3 2026 Earnings Call Highlights
Positive Sentiment: Welding remained resilient: Welding sales grew 7%, supporting ITW’s results despite broader industrial and construction-market pressure. Tornado Knocks $40 Million Off Illinois Tool Works Revenue
Neutral Sentiment: Revenue slightly missed forecasts: Quarterly sales of $4.24 billion fell short of the $4.26 billion analyst estimate. The miss may be limiting the market’s reaction to the earnings and guidance improvements. Illinois Tool Works Q3 Earnings, Revenue Rise
Negative Sentiment: Temporary and market headwinds affected sales: A tornado reduced revenue by approximately $40 million, while weak construction markets and currency pressure remain concerns. Analysts also made small reductions to several future EPS estimates, suggesting expectations for near-term growth remain cautious. ITW Q3 Earnings Beat Estimates on Electronics Strength

Illinois Tool Works Company Profile

(Get Free Report)

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces specialized equipment, components, consumables and systems for customers in a range of industries. Founded in 1912 and headquartered in Glenview, Illinois, the company serves markets worldwide through a portfolio of highly engineered businesses.

ITW’s operations include food equipment, automotive components, welding products, test and measurement equipment, electronics materials, polymers and fluids, construction products, and specialty products.