Companies

Illinois Tool Works Inc

NYSE: ITW

24/7 Wall St. View

ITW at a Glance

Price
24/7 target
$309.56
Street target
$294.50
Earnings
Q3 2026 EPS
$3.00
vs. $2.97 est.
+0.9%

NYSE: ITW

About Illinois Tool Works

Illinois Tool Works Inc. (NYSE: ITW), founded in 1912, is a global multi-industry manufacturer that reported revenue of $16 billion in 2025 and employs approximately 43,000 people. It operates through seven segments:
- **Automotive OEM:** components and fasteners for vehicle manufacturers.
- **Food Equipment:** commercial foodservice equipment.
- **Test & Measurement and Electronics:** testing, measurement and electronics assembly products.
- **Welding:** welding equipment and consumables.
- **Polymers & Fluids:** adhesives, sealants, lubricants and fluids.
- **Construction Products:** fasteners and building products.
- **Specialty Products:** diversified niche products.

The company runs a decentralized structure under its proprietary 'ITW Business Model.' This model emphasizes enterprise initiatives such as 80/20 front-to-back simplification, which contributed 130 bps of margin in Q3 2026. It also emphasizes organic growth through 'Customer-Back Innovation,' with a goal of a 3%-plus innovation yield. The company targets above-market organic growth with high margins and returns on capital, and returns cash to shareholders through dividends, which have increased for 63 consecutive years, and ongoing share repurchases. Updated

Revenue by Segment · Q3 2026
  1. Test & Measurement and Electronics19%
  2. Automotive OEM19%
  3. Food Equipment16%
  4. Welding12%
  5. Polymers & Fluids11%
  6. Construction Products11%
  7. Specialty Products11%

ITW Coverage

Frequently Asked Questions

What does Illinois Tool Works do?

Illinois Tool Works Inc. (NYSE: ITW), founded in 1912, is a global multi-industry manufacturer that reported revenue of $16 billion in 2025 and employs approximately 43,000 people.

What is the ITW stock price target?

24/7 Wall St.'s 12-month price target for ITW is $309.56, rated Buy. The Wall Street consensus target is $294.50. ITW price prediction →