Illinois Tool Works stock holds firm after Q2 beat
Published on 08/29/2026 at 12:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Illinois Tool Works Inc. (US4523081093) traded at $280.10 on August 29, 2026, after a second-quarter report that showed $4.30 billion in revenue and $2.84 in adjusted EPS. The shares also carried a $80.15 billion market cap and a 52-week range of $238.82 to $303.15.
Q2 still sets the tone
The most recent quarter, reported on July 28, 2026, included revenue up 6.1% year over year and EPS ahead of estimates by $0.04. That combination matters because the company held fiscal 2026 EPS guidance at $11.35 to $11.55 while raising the quarterly dividend to $1.72 a share.
Analyst sentiment is still cautious, with a MarketBeat average rating of Reduce and an average target price of $281.25, which leaves the stock close to the consensus view. The latest research note cited in the same data set came on August 11, 2026, when Evercore ISI Group raised its target price to $93 on another industrial name, underscoring how selective the sector has become.
Dividend and valuation
ITW's valuation remains tied to earnings quality rather than top-line growth alone. The stock traded at 25.52 times earnings, while its 2026 guidance range implies the market is still paying for a high-margin industrial model with steady cash generation.
The dividend step-up also gives investors a clean reference point: the quarterly payout moved to $1.72 from $1.61, equal to $6.88 a year and a 2.4% yield. That change is modest in cash terms, but it signals confidence in the balance sheet and free cash flow profile.
What the business sells
Illinois Tool Works is a diversified industrial manufacturer with engineered fastening systems, welding products, foodservice equipment, adhesives and polymer products, and test-and-measurement technologies. Those products feed automotive, construction, electronics, foodservice and maintenance demand across multiple end markets.
Price and level
At $280.10 on August 29, 2026, the shares sat just below the $281.25 average target and far under the 52-week high of $303.15. The recent range and the 6.1% revenue increase from the July 28, 2026 quarter frame a stock that is priced for durability, not acceleration.
Fact box
Company: Illinois Tool Works Inc.
ISIN: US4523081093
Ticker: ITW
Exchange: NYSE
Price (as of August 29, 2026): $280.10 USD
Market cap: $80.15 billion (as of August 29, 2026)
Sector / Industry: Industrials / Specialty Industrial Machinery
Index membership: S&P 500
