Illinois Tool Works (ITW) Competitors

Illinois Tool Works logo
$264.38 +0.29 (+0.11%)
Closing price 06/18/2026 03:59 PM Eastern
Extended Trading
$264.09 -0.29 (-0.11%)
As of 06/18/2026 05:42 PM Eastern
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ITW vs. NDSN, AIT, AOS, DE, and DOV

Should you buy Illinois Tool Works stock or one of its competitors? MarketBeat compares Illinois Tool Works with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Illinois Tool Works include Nordson (NDSN), Applied Industrial Technologies (AIT), A. O. Smith (AOS), Deere & Company (DE), and Dover (DOV). These companies are all part of the "industrials" sector.

How does Illinois Tool Works compare to Nordson?

Illinois Tool Works (NYSE:ITW) and Nordson (NASDAQ:NDSN) are both large-cap industrials companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, media sentiment, valuation, earnings, institutional ownership, analyst recommendations, risk and dividends.

79.8% of Illinois Tool Works shares are owned by institutional investors. Comparatively, 72.1% of Nordson shares are owned by institutional investors. 0.8% of Illinois Tool Works shares are owned by company insiders. Comparatively, 0.8% of Nordson shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Illinois Tool Works has higher revenue and earnings than Nordson. Illinois Tool Works is trading at a lower price-to-earnings ratio than Nordson, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Illinois Tool Works$16.04B4.74$3.07B$10.7724.55
Nordson$2.79B5.91$484.47M$9.3831.55

Illinois Tool Works has a net margin of 19.32% compared to Nordson's net margin of 18.19%. Illinois Tool Works' return on equity of 97.36% beat Nordson's return on equity.

Company Net Margins Return on Equity Return on Assets
Illinois Tool Works19.32% 97.36% 19.41%
Nordson 18.19%20.08%10.39%

Illinois Tool Works presently has a consensus price target of $271.92, suggesting a potential upside of 2.85%. Nordson has a consensus price target of $311.29, suggesting a potential upside of 5.19%. Given Nordson's stronger consensus rating and higher probable upside, analysts plainly believe Nordson is more favorable than Illinois Tool Works.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Illinois Tool Works
5 Sell rating(s)
7 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
1.69
Nordson
0 Sell rating(s)
4 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.50

Illinois Tool Works pays an annual dividend of $6.44 per share and has a dividend yield of 2.4%. Nordson pays an annual dividend of $3.28 per share and has a dividend yield of 1.1%. Illinois Tool Works pays out 59.8% of its earnings in the form of a dividend. Nordson pays out 35.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Illinois Tool Works has raised its dividend for 55 consecutive years and Nordson has raised its dividend for 62 consecutive years.

Illinois Tool Works has a beta of 1.01, indicating that its stock price is 1% more volatile than the broader market. Comparatively, Nordson has a beta of 0.97, indicating that its stock price is 3% less volatile than the broader market.

In the previous week, Illinois Tool Works had 11 more articles in the media than Nordson. MarketBeat recorded 17 mentions for Illinois Tool Works and 6 mentions for Nordson. Nordson's average media sentiment score of 1.54 beat Illinois Tool Works' score of 1.31 indicating that Nordson is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Illinois Tool Works
13 Very Positive mention(s)
2 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Nordson
6 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

Summary

Illinois Tool Works beats Nordson on 10 of the 19 factors compared between the two stocks.

How does Illinois Tool Works compare to Applied Industrial Technologies?

Illinois Tool Works (NYSE:ITW) and Applied Industrial Technologies (NYSE:AIT) are both large-cap industrials companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, dividends, profitability, media sentiment, earnings, risk and valuation.

In the previous week, Illinois Tool Works had 9 more articles in the media than Applied Industrial Technologies. MarketBeat recorded 17 mentions for Illinois Tool Works and 8 mentions for Applied Industrial Technologies. Illinois Tool Works' average media sentiment score of 1.31 beat Applied Industrial Technologies' score of 1.00 indicating that Illinois Tool Works is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Illinois Tool Works
13 Very Positive mention(s)
2 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Applied Industrial Technologies
4 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Illinois Tool Works pays an annual dividend of $6.44 per share and has a dividend yield of 2.4%. Applied Industrial Technologies pays an annual dividend of $2.04 per share and has a dividend yield of 0.6%. Illinois Tool Works pays out 59.8% of its earnings in the form of a dividend. Applied Industrial Technologies pays out 19.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Illinois Tool Works has raised its dividend for 55 consecutive years and Applied Industrial Technologies has raised its dividend for 16 consecutive years. Illinois Tool Works is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Illinois Tool Works has higher revenue and earnings than Applied Industrial Technologies. Illinois Tool Works is trading at a lower price-to-earnings ratio than Applied Industrial Technologies, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Illinois Tool Works$16.04B4.74$3.07B$10.7724.55
Applied Industrial Technologies$4.56B2.74$392.99M$10.5932.00

79.8% of Illinois Tool Works shares are held by institutional investors. Comparatively, 93.5% of Applied Industrial Technologies shares are held by institutional investors. 0.8% of Illinois Tool Works shares are held by company insiders. Comparatively, 1.6% of Applied Industrial Technologies shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Illinois Tool Works has a net margin of 19.32% compared to Applied Industrial Technologies' net margin of 8.34%. Illinois Tool Works' return on equity of 97.36% beat Applied Industrial Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
Illinois Tool Works19.32% 97.36% 19.41%
Applied Industrial Technologies 8.34%21.64%12.91%

Illinois Tool Works has a beta of 1.01, indicating that its share price is 1% more volatile than the broader market. Comparatively, Applied Industrial Technologies has a beta of 0.84, indicating that its share price is 16% less volatile than the broader market.

Illinois Tool Works currently has a consensus target price of $271.92, indicating a potential upside of 2.85%. Applied Industrial Technologies has a consensus target price of $323.14, indicating a potential downside of 4.63%. Given Illinois Tool Works' higher probable upside, analysts plainly believe Illinois Tool Works is more favorable than Applied Industrial Technologies.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Illinois Tool Works
5 Sell rating(s)
7 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
1.69
Applied Industrial Technologies
0 Sell rating(s)
1 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.86

Summary

Illinois Tool Works beats Applied Industrial Technologies on 13 of the 19 factors compared between the two stocks.

How does Illinois Tool Works compare to A. O. Smith?

A. O. Smith (NYSE:AOS) and Illinois Tool Works (NYSE:ITW) are both industrials companies, but which is the better stock? We will compare the two companies based on the strength of their profitability, institutional ownership, media sentiment, valuation, earnings, dividends, analyst recommendations and risk.

A. O. Smith currently has a consensus target price of $69.33, suggesting a potential upside of 18.73%. Illinois Tool Works has a consensus target price of $271.92, suggesting a potential upside of 2.85%. Given A. O. Smith's stronger consensus rating and higher possible upside, research analysts clearly believe A. O. Smith is more favorable than Illinois Tool Works.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
A. O. Smith
3 Sell rating(s)
6 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
1.91
Illinois Tool Works
5 Sell rating(s)
7 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
1.69

Illinois Tool Works has a net margin of 19.32% compared to A. O. Smith's net margin of 13.84%. Illinois Tool Works' return on equity of 97.36% beat A. O. Smith's return on equity.

Company Net Margins Return on Equity Return on Assets
A. O. Smith13.84% 28.42% 15.98%
Illinois Tool Works 19.32%97.36%19.41%

A. O. Smith pays an annual dividend of $1.44 per share and has a dividend yield of 2.5%. Illinois Tool Works pays an annual dividend of $6.44 per share and has a dividend yield of 2.4%. A. O. Smith pays out 38.3% of its earnings in the form of a dividend. Illinois Tool Works pays out 59.8% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. A. O. Smith has raised its dividend for 31 consecutive years and Illinois Tool Works has raised its dividend for 55 consecutive years. A. O. Smith is clearly the better dividend stock, given its higher yield and lower payout ratio.

A. O. Smith has a beta of 1.18, meaning that its share price is 18% more volatile than the broader market. Comparatively, Illinois Tool Works has a beta of 1.01, meaning that its share price is 1% more volatile than the broader market.

Illinois Tool Works has higher revenue and earnings than A. O. Smith. A. O. Smith is trading at a lower price-to-earnings ratio than Illinois Tool Works, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
A. O. Smith$3.83B2.10$546.20M$3.7615.53
Illinois Tool Works$16.04B4.74$3.07B$10.7724.55

In the previous week, Illinois Tool Works had 15 more articles in the media than A. O. Smith. MarketBeat recorded 17 mentions for Illinois Tool Works and 2 mentions for A. O. Smith. Illinois Tool Works' average media sentiment score of 1.31 beat A. O. Smith's score of 0.01 indicating that Illinois Tool Works is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
A. O. Smith
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Illinois Tool Works
13 Very Positive mention(s)
2 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

76.1% of A. O. Smith shares are held by institutional investors. Comparatively, 79.8% of Illinois Tool Works shares are held by institutional investors. 0.5% of A. O. Smith shares are held by insiders. Comparatively, 0.8% of Illinois Tool Works shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Summary

Illinois Tool Works beats A. O. Smith on 13 of the 19 factors compared between the two stocks.

How does Illinois Tool Works compare to Deere & Company?

Deere & Company (NYSE:DE) and Illinois Tool Works (NYSE:ITW) are both large-cap industrials companies, but which is the better business? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, valuation, profitability, risk, dividends, media sentiment and earnings.

Deere & Company has higher revenue and earnings than Illinois Tool Works. Illinois Tool Works is trading at a lower price-to-earnings ratio than Deere & Company, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Deere & Company$45.68B3.49$5.03B$17.6533.45
Illinois Tool Works$16.04B4.74$3.07B$10.7724.55

In the previous week, Deere & Company had 3 more articles in the media than Illinois Tool Works. MarketBeat recorded 20 mentions for Deere & Company and 17 mentions for Illinois Tool Works. Illinois Tool Works' average media sentiment score of 1.31 beat Deere & Company's score of 1.22 indicating that Illinois Tool Works is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Deere & Company
18 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Illinois Tool Works
13 Very Positive mention(s)
2 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Deere & Company currently has a consensus target price of $639.58, indicating a potential upside of 8.33%. Illinois Tool Works has a consensus target price of $271.92, indicating a potential upside of 2.85%. Given Deere & Company's stronger consensus rating and higher probable upside, equities research analysts plainly believe Deere & Company is more favorable than Illinois Tool Works.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Deere & Company
0 Sell rating(s)
9 Hold rating(s)
14 Buy rating(s)
0 Strong Buy rating(s)
2.61
Illinois Tool Works
5 Sell rating(s)
7 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
1.69

Deere & Company has a beta of 0.92, suggesting that its share price is 8% less volatile than the broader market. Comparatively, Illinois Tool Works has a beta of 1.01, suggesting that its share price is 1% more volatile than the broader market.

68.6% of Deere & Company shares are held by institutional investors. Comparatively, 79.8% of Illinois Tool Works shares are held by institutional investors. 0.3% of Deere & Company shares are held by insiders. Comparatively, 0.8% of Illinois Tool Works shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Deere & Company pays an annual dividend of $6.48 per share and has a dividend yield of 1.1%. Illinois Tool Works pays an annual dividend of $6.44 per share and has a dividend yield of 2.4%. Deere & Company pays out 36.7% of its earnings in the form of a dividend. Illinois Tool Works pays out 59.8% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Deere & Company has raised its dividend for 4 consecutive years and Illinois Tool Works has raised its dividend for 55 consecutive years. Illinois Tool Works is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Illinois Tool Works has a net margin of 19.32% compared to Deere & Company's net margin of 10.09%. Illinois Tool Works' return on equity of 97.36% beat Deere & Company's return on equity.

Company Net Margins Return on Equity Return on Assets
Deere & Company10.09% 18.25% 4.51%
Illinois Tool Works 19.32%97.36%19.41%

Summary

Illinois Tool Works beats Deere & Company on 10 of the 19 factors compared between the two stocks.

How does Illinois Tool Works compare to Dover?

Dover (NYSE:DOV) and Illinois Tool Works (NYSE:ITW) are both large-cap industrials companies, but which is the superior business? We will contrast the two businesses based on the strength of their media sentiment, earnings, dividends, profitability, institutional ownership, risk, analyst recommendations and valuation.

Dover pays an annual dividend of $2.08 per share and has a dividend yield of 0.9%. Illinois Tool Works pays an annual dividend of $6.44 per share and has a dividend yield of 2.4%. Dover pays out 25.9% of its earnings in the form of a dividend. Illinois Tool Works pays out 59.8% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Dover has raised its dividend for 70 consecutive years and Illinois Tool Works has raised its dividend for 55 consecutive years.

84.5% of Dover shares are owned by institutional investors. Comparatively, 79.8% of Illinois Tool Works shares are owned by institutional investors. 1.1% of Dover shares are owned by insiders. Comparatively, 0.8% of Illinois Tool Works shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Illinois Tool Works has a net margin of 19.32% compared to Dover's net margin of 13.30%. Illinois Tool Works' return on equity of 97.36% beat Dover's return on equity.

Company Net Margins Return on Equity Return on Assets
Dover13.30% 18.01% 10.10%
Illinois Tool Works 19.32%97.36%19.41%

Dover presently has a consensus target price of $239.85, suggesting a potential upside of 7.25%. Illinois Tool Works has a consensus target price of $271.92, suggesting a potential upside of 2.85%. Given Dover's stronger consensus rating and higher probable upside, analysts plainly believe Dover is more favorable than Illinois Tool Works.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Dover
0 Sell rating(s)
6 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
2.57
Illinois Tool Works
5 Sell rating(s)
7 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
1.69

Dover has a beta of 1.17, meaning that its share price is 17% more volatile than the broader market. Comparatively, Illinois Tool Works has a beta of 1.01, meaning that its share price is 1% more volatile than the broader market.

Illinois Tool Works has higher revenue and earnings than Dover. Illinois Tool Works is trading at a lower price-to-earnings ratio than Dover, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Dover$8.09B3.72$1.09B$8.0227.89
Illinois Tool Works$16.04B4.74$3.07B$10.7724.55

In the previous week, Illinois Tool Works had 13 more articles in the media than Dover. MarketBeat recorded 17 mentions for Illinois Tool Works and 4 mentions for Dover. Illinois Tool Works' average media sentiment score of 1.31 beat Dover's score of 0.92 indicating that Illinois Tool Works is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Dover
1 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Illinois Tool Works
13 Very Positive mention(s)
2 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Illinois Tool Works beats Dover on 10 of the 19 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding ITW and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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ITW vs. The Competition

MetricIllinois Tool WorksMACH IndustryIndustrials SectorNYSE Exchange
Market Cap$75.98B$16.20B$9.64B$23.21B
Dividend Yield2.44%1.24%3.55%4.06%
P/E Ratio24.5541.9325.9231.61
Price / Sales4.746.764,969.03112.15
Price / Cash22.1238.8227.9924.44
Price / Book23.785.204.694.68
Net Income$3.07B$445.56M$792.17M$1.08B
7 Day Performance2.78%4.51%1.53%-0.82%
1 Month Performance5.54%6.32%1.80%1.61%
1 Year Performance9.97%42.66%26.36%24.87%

Illinois Tool Works Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ITW
Illinois Tool Works
4.3355 of 5 stars
$264.38
+0.1%
$271.92
+2.9%
+9.6%$75.98B$16.04B24.5543,000
NDSN
Nordson
4.2205 of 5 stars
$292.24
+1.4%
$311.29
+6.5%
+38.6%$16.28B$2.79B31.168,000
AIT
Applied Industrial Technologies
3.4505 of 5 stars
$316.38
-1.2%
$313.67
-0.9%
+50.0%$11.69B$4.84B29.876,800
AOS
A. O. Smith
4.2066 of 5 stars
$60.05
+1.6%
$69.33
+15.5%
-7.4%$8.28B$3.83B15.9711,500
DE
Deere & Company
4.7124 of 5 stars
$575.87
-0.3%
$639.58
+11.1%
+12.4%$155.45B$46.32B32.6373,100

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This page (NYSE:ITW) was last updated on 6/20/2026 by MarketBeat.com Staff.
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