Illinois Tool Works (ITW) Expected to Post Earnings on Friday

Key Points

• Illinois Tool Works is expected to report Q3 2026 results before market open on October 23. Analysts forecast earnings of $2.97 per share on $4.26 billion in revenue, compared with full-year EPS guidance of $11.35–$11.55.
• ITW’s previous quarter exceeded expectations, with EPS of $2.84 versus the $2.80 consensus and revenue of $4.30 billion, up 6.1% year over year.
• Analyst sentiment remains cautious: the stock has an average “Reduce” rating and a consensus price target of $273.42, while ITW recently raised its quarterly dividend from $1.61 to $1.72 per share.

Illinois Tool Works (NYSE:ITW - Get Free Report) is anticipated to post its Q3 2026 results before the market opens on Friday, October 23rd. Analysts expect Illinois Tool Works to post earnings of $2.97 per share and revenue of $4.26 billion for the quarter. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. Parties can find conference call details on the company's upcoming Q3 2026 earnings report for the latest details on the call scheduled for Tuesday, October 27, 2026 at 10:00 AM ET.

Illinois Tool Works (NYSE:ITW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.04. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.58 earnings per share. On average, analysts expect Illinois Tool Works to post $11.42 EPS for the current fiscal year and $12.37 EPS for the next fiscal year.

Illinois Tool Works Stock Performance

Shares of Illinois Tool Works stock opened at $271.01 on Friday. The company has a 50 day moving average price of $273.99 and a 200 day moving average price of $268.35. The firm has a market capitalization of $77.18 billion, a P/E ratio of 24.43, a PEG ratio of 2.91 and a beta of 0.96. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26. Illinois Tool Works has a 52 week low of $238.82 and a 52 week high of $303.15.

Illinois Tool Works Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th were issued a $1.72 dividend. This is an increase from Illinois Tool Works's previous quarterly dividend of $1.61. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 30th. Illinois Tool Works's dividend payout ratio is 62.38%.

Analyst Ratings Changes

ITW has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Illinois Tool Works from $287.00 to $281.00 and set a "hold" rating for the company in a research note on Wednesday, September 30th. JPMorgan Chase & Co. lowered shares of Illinois Tool Works from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $350.00 to $270.00 in a report on Friday, October 9th. Robert W. Baird upped their target price on Illinois Tool Works from $278.00 to $297.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. UBS Group set a $277.00 target price on Illinois Tool Works in a research note on Friday, October 9th. Finally, Weiss Ratings cut Illinois Tool Works from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday. One investment 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. Based on data from MarketBeat, Illinois Tool Works currently has an average rating of "Reduce" and a consensus price target of $273.42.

Insider Buying and Selling

In related news, Director Ernest Santi sold 41,431 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $287.09, for a total value of $11,894,425.79. Following the transaction, the director owned 266,288 shares in the company, valued at approximately $76,448,621.92. This represents a 13.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matteo Pigozzo sold 277 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total transaction of $80,113.94. Following the transaction, the chief accounting officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. 0.83% of the stock is owned by corporate insiders.

Illinois Tool Works Company Profile

Illinois Tool Works Inc NYSE: ITW is a diversified industrial manufacturer that develops and produces engineered products and systems for customers worldwide. The company serves a broad range of end markets, including automotive, construction, food service, welding, electronics, and general industry.

ITW's product portfolio includes automotive components and fasteners, commercial food equipment, welding equipment and consumables, test and measurement instruments, electronic components, polymers and fluids, construction fastening systems, and other specialized industrial products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.