Illinois Tool Works (ITW) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $3.00
- Estimate
- $2.97
- Surprise
- +0.9%
- Score at report (before → after)
- 5.4 → 5.5/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Illinois Tool Works (ITW) beat the $2.97 estimate with adjusted EPS of $3.00 — a modest 0.9% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.4/10) to Hold at 5.5/10 after the report.
Coverage in the report window
- Tornado Knocks $40 Million Off Illinois Tool Works Revenue — Yet Welding Sales Still Grow 7% — benzinga, 2026-10-27
Where TrendMatrix's rating stands now
TrendMatrix currently rates ITW Hold at 5.5/10.
4 of the last 4 quarters beat the estimate; this quarter's +0.9% surprise compares with a +1.8% four-quarter average.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.6 in RISK_OFF)
- Strong earnings beat streak (4/4)
What argues against it
- Analyst target reached - limited upside remaining
- Sector modifier (Industrials): -0.7
- Leverage penalty (D/E 3.3): -1.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $275.93
- Stop
- $263.99
At 24.6× trailing and 22.4× forward earnings, consensus estimates imply little change in earnings power.
Risk check: RSI 77 — a level conventionally read as overbought; gains at these levels often lean on momentum; trading volume is running 1.6× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-28 — shown for context, not personalized investment advice.
ITW at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Specialty Industrial Machinery
- Market cap
- $78.58B
- P/E (fwd)
- 22.4
- P/E (ttm)
- 24.6
- 52-week range
- $238.82–$303.16
- Off 52-week high
- 9.0%
- RSI (14)
- 77
- Volume vs avg
- 1.59×
- Score today
- 5.5/10