Illinois Tool Works (ITW)
Makes industrial equipment for automotive, food-service, testing, welding, construction, and specialty markets.
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Manufactures automotive components, food equipment, test systems, welding products, polymers and fluids, construction fasteners, and specialty packaging equipment. Products reach industrial customers through direct sales and independent distributors, while decentralized divisions apply a common 80/20 operating system.
Manufactures through seven segments: Automotive OEM, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products. Offerings range from vehicle fasteners and commercial kitchen equipment to materials-testing systems, welders, adhesives, construction fasteners, and packaging machinery.
Runs decentralized divisions across North America, Europe, the Middle East and Africa, and Asia-Pacific, with roughly half of revenue generated in North America. A common 80/20 Front-to-Back process directs resources toward core customer and product opportunities, while customer-back innovation starts with customer-defined problems.
Sells primarily to industrial manufacturers directly and through independent distributors. Demand spans automotive production, food service, electronics, capital equipment, construction, and maintenance. Results depend on industrial activity, foreign currencies, trade policy, and steel, resin, and chemical input costs; no single customer generates more than a small share of revenue.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 29, 2026 | UBS | Reiterate | Rating: —Target: $285 | Target: $300 |
| Jul 29, 2026 | Robert W. Baird | Target | Target: $278 | Target: $297 |
| Jul 9, 2026 | Wolfe Research | Reiterate | Rating: —Target: $250 | Target: $286 |
| Jul 2, 2026 | Truist Financial | Target | Target: $280 | Target: $301 |
| May 11, 2026 | Evercore ISI | Target | Target: $265 | Target: $272 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $839.0M · Total debt $9.69B · Total assets $16.50B · Shareholders' equity $2.89B
- Revenue
- $4.30B
- Operating income
- $1.15B
- Net income
- $815.0M
HistoryDividendAnnual yieldUpcoming
| Institutions | 85.29% | 245.38M shares | |
|---|---|---|---|
| 2,006 holders · as of Jun 30, 2026 | |||
| Insiders | 0.25% | 715.4K shares | |
| 26 holders · as of Aug 21, 2026 | |||
| Other | 14.46% | 41.60M shares | |
| remainder | |||
287.70M company shares as of Sep 7, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Briar Hall Management LLCInstitution | 8.97% | 25.81M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 8.09% | 23.28M | as of Jun 30, 2026 |
State Farm Mutual Automobile Insurance CoInstitution | 7.31% | 21.03M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.08% | 17.48M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.45% | 12.79M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Ernest Scott Santi | director | −41,431 | $287.09 |
| Aug 13, 2026 | Matteo C. Pigozzo | officer: VP & Chief Accounting Officer | −277 | $289.22 |
| Jun 2, 2026 | Jennifer F. Scanlon | director | +806 | $247.99 |
| Feb 6, 2026 | Mary Katherine Lawler | officer: SVP & Chief HR Officer | −17,279 | $291.90 |
| Feb 5, 2026 | Axel Beck | officer: Executive Vice President | −4,223 | $290.22 |
- Middleby
Direct food equipment rival; names ITW Hobart/Vulcan as top competitor.
- Lincoln Electric
Head-to-head in arc welding equipment and consumables globally.
- ESAB
Named in ITW's 10-K as global welding segment competitor alongside Lincoln.
- Ralliant
Precision test instruments; Tektronix competes with ITW MTS and Instron.
- Stanley Black & Decker
Overlaps ITW Construction Products via engineered fastening systems.
- Parker-Hannifin
Diversified industrial peer; polymers, fluids, and motion control overlap.
- Dover
Conglomerate peer; food retail refrigeration and fluid handling overlap.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Illinois Tool Works | $268.53 | +0.38% | $76.97B | 24.3 | 22.8 | 4.7 | +6.1% |
| Middleby | $112.50 | +1.12% | $5.03B | — | 15.4 | 1.4 | −35.5% |
| Lincoln Electric | $262.70 | +1.70% | $14.08B | 25.8 | 22.0 | 3.1 | +12.0% |
| ESAB | $68.13 | +1.67% | $4.08B | 24.5 | 11.5 | 1.4 | +12.9% |
| Ralliant | $69.83 | +1.34% | $7.62B | — | 22.5 | 3.5 | +12.8% |
| Stanley Black & Decker | $90.87 | +2.47% | $13.39B | 21.7 | 15.7 | 0.9 | +0.4% |
| Parker-Hannifin | $960.80 | +0.27% | $120.81B | 33.6 | 27.3 | 5.6 | +9.8% |
| Dover | $186.35 | +0.14% | $25.06B | 22.5 | 16.6 | 3.0 | +6.9% |
| Median | 24.5 | 16.6 | 3.0 | +9.8% |