Illinois Tool Works (NYSE:ITW) Announces Quarterly Earnings Results

Illinois Tool Works (NYSE:ITW) released its quarterly earnings data on Tuesday. The industrial products company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.04, Briefing.com reports. Illinois Tool Works had a return on equity of 93.26% and a net margin of 19.05%.During the same period in the previous year, the company posted $2.54 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Illinois Tool Works updated its FY 2026 guidance to 11.000-11.400 EPS.

Illinois Tool Works Trading Up 1.2%

Shares of NYSE 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 firm has a 50-day moving average of $253.76 and a 200 day moving average of $254.97. The stock has a market cap of $76.69 billion, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 13.99 and a beta of 1.15.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ITW. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Illinois Tool Works in a research note on Wednesday, January 28th. Wolfe Research raised their target price on shares of Illinois Tool Works from $264.00 to $278.00 and gave the stock an “underperform” rating in a research report on Thursday, January 15th. Barclays boosted their price target on shares of Illinois Tool Works from $243.00 to $244.00 and gave the company an “underweight” rating in a research report on Monday, October 27th. Truist Financial lowered their price objective on shares of Illinois Tool Works from $298.00 to $275.00 and set a “hold” rating for the company in a report on Monday, October 27th. Finally, The Goldman Sachs Group downgraded Illinois Tool Works from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $258.00 to $230.00 in a report on Tuesday, December 16th. One research 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. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $258.25.

Insider Buying and Selling at Illinois Tool Works

In other news, Director Pamela B. Strobel sold 1,521 shares of Illinois Tool Works stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $245.25, for a total transaction of $373,025.25. Following the completion of the transaction, the director directly owned 39,249 shares in the company, valued at approximately $9,625,817.25. This trade represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ITW. IMS Capital Management raised its stake in Illinois Tool Works by 5.6% during the third quarter. IMS Capital Management now owns 950 shares of the industrial products company’s stock valued at $248,000 after buying an additional 50 shares during the last quarter. L2 Asset Management LLC increased its holdings in shares of Illinois Tool Works by 5.2% during the third quarter. L2 Asset Management LLC now owns 1,316 shares of the industrial products company’s stock valued at $343,000 after acquiring an additional 65 shares in the last quarter. Johnson Financial Group Inc. raised its position in shares of Illinois Tool Works by 8.6% in the 3rd quarter. Johnson Financial Group Inc. now owns 837 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 66 shares during the last quarter. Equitable Holdings Inc. boosted its stake in Illinois Tool Works by 2.5% in the 3rd quarter. Equitable Holdings Inc. now owns 2,752 shares of the industrial products company’s stock worth $718,000 after purchasing an additional 67 shares in the last quarter. Finally, IHT Wealth Management LLC grew its position in Illinois Tool Works by 0.7% during the 2nd quarter. IHT Wealth Management LLC now owns 10,218 shares of the industrial products company’s stock valued at $2,526,000 after purchasing an additional 68 shares during the last quarter. Institutional investors own 79.77% of the company’s stock.

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.