Illinois Tool Works, US4523081093

Illinois Tool Works stock: Zacks raises FY2026 EPS estimate

Published on 11/13/2026 at 16:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Illinois Tool Works stock gets a modest analyst boost after stronger quarterly execution. Zacks raised its FY2026 earnings estimate, while the consensus stayed cautious.

What changed for Illinois Tool Works

  • Zacks Research raised its FY2026 earnings estimate, while the broader consensus remained close to the new forecast.
  • Third-quarter margin expansion and higher company guidance continue to support the earnings case.
  • Analysts still weigh cyclical demand and input costs when assessing the shares.
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On November 10, Zacks Research raised its fiscal 2026 earnings estimate for Illinois Tool Works from 11.39 US dollars to 11.46 US dollars per share. The change followed the company's stronger third-quarter execution and higher full-year outlook, according to MarketBeat.

Analyst estimate moves higher

The new Zacks estimate remains close to the broader consensus forecast of 11.49 US dollars for the year. MarketBeat said the latest quarter produced adjusted earnings of 3.00 US dollars per share against a 2.97 US dollar consensus estimate, while revenue of 4.24 billion US dollars fell slightly short of the 4.26 billion US dollar estimate.

Illinois Tool Works released those third-quarter results on October 27. In its official results release, the company reported revenue of 4.236 billion US dollars, up 4.4 percent year over year, and a quarterly operating margin of 27.8 percent. Management raised its FY2026 GAAP EPS outlook to a range of 11.45 to 11.55 US dollars and lifted total revenue growth guidance to 4.5 to 5.5 percent.

Margins remain the key support

Operating income reached a quarterly record of 1.177 billion US dollars. Enterprise initiatives contributed 130 basis points to the margin, while pricing actions more than offset higher raw-material costs. The company also reported 953 million US dollars of operating cash flow and 851 million US dollars of free cash flow for the quarter.

Capital returns remain part of the investor case. Illinois Tool Works repurchased 187 million US dollars of stock during the quarter and raised its annualized dividend to 6.88 US dollars per share, marking the 63rd consecutive year of dividend increases. The company expects about 1.5 billion US dollars of repurchases during 2026.

Illinois Tool Works stock traded at 260.40 euros on Lang & Schwarz at 16:09 CET on Friday, November 13, 2026.

Illinois Tool Works at a glance

  • Company: Illinois Tool Works Inc.
  • ISIN: US4523081093
  • Ticker: ITW
  • Exchange: New York Stock Exchange
  • Price: 260.40 euros on Lang & Schwarz, November 13, 2026, 16:09 CET

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