Illinois Tool Works (ITW) Expected to Release Quarterly Earnings on Tuesday

Illinois Tool Works (NYSE:ITW) will likely be issuing its Q2 2026 results before the market opens on Tuesday, July 28th. Analysts expect the company to announce earnings of $2.79 per share and revenue of $4.1893 billion for the quarter. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Investors can check the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Tuesday, July 28, 2026 at 10:00 AM ET.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.38 earnings per share. On average, analysts expect Illinois Tool Works to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Illinois Tool Works Stock Performance

Shares of Illinois Tool Works stock opened at $282.91 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. Illinois Tool Works has a 52 week low of $238.82 and a 52 week high of $303.15. The firm’s 50 day moving average is $262.39 and its two-hundred day moving average is $267.08. The firm has a market capitalization of $81.39 billion, a P/E ratio of 26.27, a P/E/G ratio of 4.86 and a beta of 1.00.

Illinois Tool Works Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were issued a $1.61 dividend. 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 is presently 59.80%.

Insiders Place Their Bets

In other Illinois Tool Works news, Director Jennifer F. Scanlon purchased 806 shares of the firm’s stock in a transaction that occurred 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 approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. 0.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Illinois Tool Works

Several hedge funds have recently made changes to their positions in ITW. Virtu Financial LLC purchased a new stake in Illinois Tool Works during the 4th quarter valued at approximately $533,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of Illinois Tool Works by 184.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,268 shares of the industrial products company’s stock valued at $2,283,000 after purchasing an additional 6,010 shares during the period. Claris Financial LLC acquired a new position in shares of Illinois Tool Works in the fourth quarter valued at approximately $404,000. Axxcess Wealth Management LLC raised its stake in shares of Illinois Tool Works by 23.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 12,703 shares of the industrial products company’s stock worth $3,129,000 after purchasing an additional 2,439 shares during the last quarter. Finally, Corient Private Wealth LLC raised its stake in shares of Illinois Tool Works by 1.5% during the fourth quarter. Corient Private Wealth LLC now owns 622,227 shares of the industrial products company’s stock worth $149,538,000 after purchasing an additional 9,110 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ITW shares. Barclays cut their price target on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Truist Financial upped their price objective on shares of Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Wolfe Research reaffirmed an “underperform” rating and set a $286.00 price objective on shares of Illinois Tool Works in a report on Thursday, July 9th. The Goldman Sachs Group reiterated a “sell” rating and set a $254.00 target price on shares of Illinois Tool Works in a research report on Thursday, April 30th. Finally, Weiss Ratings downgraded Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $274.00.

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.