OakChart

Illinois Tool Works Inc

ITWIndustrials·Specialty Industrial Machinery·USA·Large·NYSE·Nov 11 • 2:31 PM ET

288.04-0.01 (-0.00%)
2026-11-11 20:31 CET
Market cap
81,863.81 USD m
Revenue, TTM
16,646.00 USD m
Net income, TTM
3,228.00 USD m
Free cash flow, TTM
2,868.00 USD m
EPS diluted, TTM
11.22
P/E
25.68
Compare

Price

ITW against its 20, 50 and 200-day averages
2050200beat
240.00260.00280.00300.001.5M3.0MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26ITWclose 288.0420-day 280.3950-day 272.57200-day 271.76288.0452w high52w low

5.0% under the 52-week high of 303.16 on 12 Feb 2026. 52-week low 238.82 on 18 Nov 2025. Last 15 sessions, 10.9% high to low

Profile

ITW
52-week range, 77% of the way up
238.82303.15

Illinois Tool Works, Inc. engages in the manufacture of industrial products and equipment. It operates through the following segments: Automotive OEM, Food Equipment, Test and Measurement and Electronics, Welding, Polymers and Fluids, Construction Products, and Specialty Products. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment supplies commercial food equipment and provides related services. The Test and Measurement and Electronics segment focuses on manufacturing equipment, consumables, and related software for testing and measuring of materials, structures, gases, and fluids. The Welding segment is involved in the arc of welding equipment, consumables, and accessories for a wide array of industrial and commercial applications. The Polymers and Fluids segment provides adhesives, sealants, lubrication and cutting fluids, janitorial and hygiene products, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment refers to the construction of fastening systems and solutions. The Specialty Products segment represents the manufacturing of beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. The company was founded by Byron L. Smith in 1912 and is headquartered in Glenview, IL.

IndexS&P 500, RUI
Employees43000
IPOMar 13, 1973
Beta0.94
ATR, 14d6.71
Rel volume0.35
Short float3.02%
Insider own0.38%
Inst own88.30%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap81.86B
Enterprise Value90.42B
Income3.23B
Sales16.65B
Book/sh11.05
Cash/sh2.85
Dividend Est.6.47 (2.25%)
Dividend TTM6.55 (2.27%)
Dividend Ex-DateDec 31, 2026
Dividend Gr. 3/5Y7.12% 7.07%
Payout59.30%
Employees43000
IPOMar 13, 1973

Ratios

P/E25.68
Forward P/E23.42
PEG3.06
P/S4.92
P/B26.06
P/C101.19
P/FCF28.54
EV/EBITDA18.73
EV/Sales5.43
Quick Ratio0.94
Current Ratio1.29
Debt/Eq2.98
LT Debt/Eq2.28
Option/ShortYes / Yes

Earnings

EPS (ttm)11.22
EPS next Y12.30
EPS next Q2.99
EPS this Y9.44%
EPS next Y7.11%
EPS next 5Y7.65%
EPS past 3/5Y2.41% 9.62%
Sales past 3/5Y0.23% 4.99%
EPS Y/Y TTM8.78%
Sales Y/Y TTM4.80%
EPS Q/Q6.48%
Sales Q/Q4.36%
EarningsOct 27 BMO
EPS/Sales Surpr.1.12% -0.55%

Ownership

Insider Own0.38%
Insider Trans-8.54%
Inst Own88.30%
Inst Trans0.08%
ROA19.78%
ROE101.69%
ROIC31.36%
Gross Margin43.90%
Oper. Margin26.61%
Profit Margin19.39%
SMA202.73%
SMA505.67%
SMA2005.99%
Trades-

Technical

Shs Outstand284.20M
Shs Float283.11M
Short Float3.02%
Short Ratio6.67
Short Interest8.54M
52W High303.15 -4.99%
52W Low238.82 20.61%
Volatility2.62% 2.40%
ATR (14)6.71
RSI (14)59.65
Beta0.94
Rel Volume0.35
Avg Volume1.28M
Volume349,600

Performance

Perf Week-1.84%
Perf Month8.16%
Perf Quarter-1.01%
Perf Half Y15.17%
Perf YTD16.95%
Perf Year17.39%
Perf 3Y23.89%
Perf 5Y23.23%
Perf 10Y132.46%
Recom3.28
Target Price297.92
Prev Close288.05
Price288.04
Change %-0.00%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 09, 2026DowngradeJJP MorganOverweight → Neutral$270-6.3%
Dec 16, 2025DowngradeGGoldmanNeutral → Sell$230-20.1%
Nov 18, 2025UpgradeBBofA SecuritiesUnderperform → Neutral$255-11.5%
Aug 14, 2025DowngradeBBarclaysEqual Weight → Underweight$243-15.6%
Jul 31, 2025DowngradeTTruistBuy → Hold$283-1.7%
May 07, 2025DowngradeBBofA SecuritiesNeutral → Underperform$220-23.6%
Feb 19, 2025UpgradeDDeutsche BankSell → Hold$257-10.8%
Dec 05, 2024UpgradeBBarclaysUnderweight → Equal Weight$230 → $270-6.3%
Nov 13, 2024DowngradeEEvercore ISIIn-line → Underperform$246 → $255-11.5%
Mar 14, 2024InitiatedTTruistBuy$301+4.5%

Peers

Mkt cap
TickerCompanyMkt cap
DOVDover Corp28.28B
PHParker-Hannifin Corp122.48B
AMEAmetek Inc54.93B
MIDDMiddleby Corp6.20B
EMREmerson Electric Co92.00B
LECOLincoln Electric Holdings Inc15.58B
MMM3M Co98.03B
ETNEaton Corp Plc140.91B
HONHoneywell International Inc72.17B
SWKStanley Black & Decker Inc17.17B

Insider trading

latest 14 of 32
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
SANTI ERNEST SCOTTDirectorNov 04 '26Option Exercise187.8660,00011,271,600326,333Nov 06 04:16 PM
SANTI ERNEST SCOTTDirectorNov 04 '26Sale292.8760,00017,572,280266,333Nov 06 04:16 PM
SANTI ERNEST SCOTTDirectorNov 04 '26Proposed Sale292.8760,00017,572,114Nov 04 01:02 PM
SANTI ERNEST SCOTTDirectorAug 19 '26Option Exercise187.8641,4317,783,228307,719Aug 21 04:10 PM
SANTI ERNEST SCOTTDirectorAug 19 '26Sale287.0941,43111,894,421266,288Aug 21 04:10 PM
SANTI ERNEST SCOTTDirectorAug 19 '26Proposed Sale286.5541,43111,872,053Aug 19 01:20 PM
Pigozzo Matteo C.VP & Chief Accounting OfficerAug 13 '26Sale289.2227780,1143,394Aug 17 04:21 PM
Pigozzo Matteo C.OfficerAug 13 '26Proposed Sale289.2227780,113Aug 13 01:35 PM
Scanlon Jennifer F.DirectorJun 02 '26Buy247.99806199,8801,652Jun 04 04:22 PM
Carbonell Javier GraciaExecutive Vice PresidentFeb 12 '26Option Exercise0.001,88304,553Feb 17 04:52 PM
Szafranski SharonExecutive Vice PresidentFeb 12 '26Option Exercise0.002,09809,294Feb 17 04:52 PM
SCHEUNEMAN RANDALL JVP & Chief Accounting OfficerFeb 12 '26Option Exercise0.00803011,117Feb 17 04:52 PM
Thibeault Mark A.Executive Vice PresidentFeb 12 '26Option Exercise0.004690750Feb 17 04:51 PM
SANTI ERNEST SCOTTDirectorFeb 12 '26Option Exercise0.009,5720268,457Feb 17 04:50 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VTVVanguard Morningstar Value ETFAUM: 196.23B
XLIState Street Industrial Select Sector SPDR ETFAUM: 30.88B
VIGVanguard Dividend Appreciation FTFAUM: 117.07B
QUALiShares MSCI USA Quality Factor ETFAUM: 48.51B
CGDVCapital Group Dividend Value ETFAUM: 38.70B
VYMVanguard High Dividend Yield Indx ETFAUM: 83.15B

News

latest 14 of 200

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-273.0002.9673.0004,2364,25912
2026Q22026-07-282.8402.7902.8404,3014,18911
2026Q12026-04-302.6602.5682.6574,0164,01013
2025Q42026-02-032.7202.6852.7224,0934,06514
2025Q32025-10-242.8102.7492.8154,0594,07914
2025Q22025-07-302.5802.5622.5784,0534,02415
2025Q12025-04-302.3802.3412.3773,8393,84315
2024Q42025-02-052.5402.4942.5363,9323,98215
2024Q32024-10-303.9102.5153.9063,9664,01815
2024Q22024-07-302.5402.4732.5434,0274,07915
2024Q12024-04-302.7302.3592.7303,9734,02913
2023Q42024-02-012.3802.4072.3813,9834,01314
2023Q32023-10-242.5502.4702.5484,0314,08615
2023Q22023-08-012.4802.3942.4794,0744,13716
2023Q12023-05-022.3302.2282.3334,0193,98317
2022Q42023-02-022.9502.5212.9463,9713,89318

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY7.7307.6187.74314,10914,101
2020FY6.6306.3906.62612,57412,421
2021FY8.5108.4668.51514,45514,310
2022FY9.7709.3309.76515,93215,850
2023FY9.7409.7649.74016,10716,137
2024FY11.71011.51411.71315,89815,948
2025FY10.49010.45610.49016,04416,016
2026FY-11.480--16,838
2027FY-12.297--17,464
2028FY-13.087--18,013
2029FY-13.280--18,559
2030FY-14.019--18,427

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-10-2813714,2864,1824,319
2026Q4S2026-10-2713614,2814,1824,319
2026Q4S2026-10-1713024,2554,2044,328
2026Q4S2026-10-1113124,2554,2044,328
2026Q4S2026-10-0813324,2554,2044,328
2026Q4S2026-10-0713414,2604,2044,328
2026Q4S2026-10-0513414,2584,2044,328
2026Q4S2026-10-0213504,2624,2044,328
2026Q4S2026-09-2813504,2624,2044,328
2026Q4S2026-09-1413504,2634,2044,328
2026Q4S2026-08-2613504,2604,2044,328
2026Q4S2026-08-1413604,2604,2044,328
2026Q4S2026-08-0313604,2604,2044,328
2026Q4S2026-08-0112404,2554,2044,328

Estimate history

EPS, annual4.867.6037.7436.6268.5159.7659.7411.71310.48911.2154
Period201720182019202020212022202320242025TTM
EPS, quarterly3.9062.5362.3772.5782.8152.7222.6572.842.997
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual14314147681410912574144551593216107158981604416646
Period201720182019202020212022202320242025TTM
Sales, quarterly396639323839405340594093401643014236
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual341.5328.1319.8316.7312.9305299.3294288.6284.2
Period201720182019202020212022202320242025MRQ
Shares, quarterly295.3294293291.5290.1288.6287.7284.8284.2
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue16,646.0016,044.0015,898.0016,107.0015,932.0014,455.0012,574.0014,109.0014,768.00
Cost of Goods Sold Incl. D&A9,339.009,049.008,959.009,429.009,563.008,622.007,529.008,346.008,793.00
Gross Profit7,307.006,995.006,939.006,678.006,369.005,833.005,045.005,763.005,975.00
Selling, General and Administrative Excl. Other2,878.002,779.002,675.002,638.002,579.002,356.002,163.002,361.002,391.00
Research and Development-302.00292.00284.00269.00239.00214.00221.00233.00
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income4,429.004,216.004,264.004,040.003,790.003,477.002,882.003,402.003,584.00
Interest Expense310.00292.00283.00266.00203.00202.00206.00221.00257.00
Unusual Expense0.000.000.000.000.000.000.000.000.00
Net Income Before Taxes4,202.003,966.004,422.003,823.003,842.003,326.002,704.003,288.003,394.00
Income Taxes974.00900.00934.00866.00808.00632.00595.00767.00831.00
Consolidated Net Income3,228.003,066.003,488.002,957.003,034.002,694.002,109.002,521.002,563.00
Net Income From Continuing Operations3,228.003,066.003,488.002,957.003,034.002,694.002,109.002,521.002,563.00
Net Income3,228.003,066.003,488.002,957.003,034.002,694.002,109.002,521.002,563.00
EPS (Recurring)11.3110.4911.719.749.778.516.637.747.60
EPS (Basic, Before Extraordinaries)11.2410.5211.759.779.808.556.667.787.65
EPS (Diluted)11.2210.4911.719.749.778.516.637.747.60
EBITDA4,829.004,613.004,666.004,435.004,200.003,887.003,309.003,828.004,045.00
Non-Operating Income (Expense)83.0042.00441.0049.00255.0051.0028.00107.0067.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense65.9562.0053.0062.0056.0047.0037.0036.0035.00
Price To Earnings Ratio25.6825.6821.9325.4225.1528.9930.7823.2116.67
Price To Sales Ratio4.414.494.754.944.305.405.164.152.89
Gross Margin43.9043.6043.6541.4639.9840.3540.1240.8540.46
Operating Margin26.6126.2826.8225.0823.7924.0522.9224.1124.27
Net Margin19.3919.1121.9418.3619.0418.6416.7717.8717.36
Shares Outstanding284.20288.60294.00299.30305.00312.90316.70319.80328.10
Market Capitalization81,863.8181,863.8174,876.2778,814.0867,673.0877,465.8364,532.1057,734.1642,035.87

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue4,236.004,301.004,016.004,093.004,059.004,053.003,839.003,932.00
Cost of Goods Sold Incl. D&A2,342.002,419.002,274.002,304.002,271.002,292.002,182.002,246.00
Gross Profit1,894.001,882.001,742.001,789.001,788.001,761.001,657.001,686.00
Selling, General and Administrative Excl. Other717.00735.00722.00704.00676.00693.00706.00655.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income1,177.001,147.001,020.001,085.001,112.001,068.00951.001,031.00
Interest Expense83.0079.0073.0075.0075.0074.0068.0068.00
Unusual Expense0.000.000.000.000.000.000.000.00
Net Income Before Taxes1,131.001,080.00967.001,024.001,049.00998.00895.00983.00
Income Taxes276.00265.00199.00234.00228.00243.00195.00233.00
Consolidated Net Income855.00815.00768.00790.00821.00755.00700.00750.00
Net Income From Continuing Operations855.00815.00768.00790.00821.00755.00700.00750.00
Net Income855.00815.00768.00790.00821.00755.00700.00750.00
EPS (Recurring)3.002.842.662.722.812.582.382.54
EPS (Basic, Before Extraordinaries)3.002.852.662.732.822.582.382.54
EPS (Diluted)3.002.842.662.722.812.582.382.54
EBITDA1,277.001,245.001,119.001,188.001,212.001,167.001,046.001,133.00
Non-Operating Income (Expense)37.0012.0020.0014.0012.004.0012.0020.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense13.4317.3814.2220.9213.4315.0112.6415.08
Price To Earnings Ratio25.6825.1124.8123.9022.8821.7621.1721.93
Price To Sales Ratio4.414.714.644.464.794.594.634.72
Gross Margin44.7143.7643.3843.7144.0543.4543.1642.88
Operating Margin27.7926.6725.4026.5127.4026.3524.7726.22
Net Margin20.1818.9519.1219.3020.2318.6318.2319.07
Shares Outstanding284.20284.80287.70288.60290.10291.50293.00294.00
Market Capitalization81,863.8177,814.2275,015.5871,451.6376,011.5472,444.2572,757.7074,876.27

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments851.00948.001,065.00708.001,527.002,564.001,981.001,504.003,094.00
Short Term Receivables3,404.003,096.003,251.003,273.002,942.002,621.002,611.002,799.002,819.00
Inventories1,719.001,665.001,762.002,106.001,765.001,219.001,189.001,348.001,246.00
Other Current Assets226.00147.00157.00183.00140.00119.00472.00127.00119.00
Total Current Assets6,200.005,856.006,235.006,270.006,374.006,523.006,253.005,778.007,278.00
Net Property, Plant & Equipment2,524.002,302.002,224.002,060.002,031.001,993.001,935.001,791.001,778.00
Total Investments and Advances0.000.000.000.000.000.0051.0051.0053.00
Intangible Assets5,689.005,431.005,566.005,632.005,937.005,471.005,343.005,717.006,024.00
Deferred Tax Assets519.00369.00479.00494.00552.00533.00516.00554.00505.00
Other Assets1,216.001,109.001,014.00966.001,183.001,092.00970.00979.001,142.00
Total Assets16,148.0015,067.0015,518.0015,422.0016,077.0015,612.0015,068.0014,870.0016,780.00
Short Term Debt Incl. Current Port. of LT Debt2,348.001,612.001,883.001,645.00839.00405.0055.001,351.00850.00
Accounts Payable522.00519.00581.00594.00585.00534.00472.00524.00590.00
Income Tax Payable217.00217.00187.00147.0077.0060.0048.0068.0089.00
Other Current Liabilities2,039.001,960.002,024.002,074.001,969.001,590.001,579.001,599.001,524.00
Total Current Liabilities5,126.004,308.004,675.004,460.003,470.002,589.002,154.003,542.003,053.00
Long Term Debt6,863.006,466.006,487.006,304.007,042.007,905.007,882.006,029.007,478.00
Provision for Risks Charges205.00224.00312.00306.00383.00432.00413.00382.00393.00
Deferred Tax Liabilities154.00119.00326.00484.00654.00588.00668.00707.00164.00
Other Liabilities574.00633.00705.00779.00902.00916.00921.00952.001,103.00
Total Liabilities12,922.0011,750.0012,505.0012,333.0012,451.0012,430.0012,038.0011,612.0012,191.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity3,225.003,316.003,012.003,088.003,625.003,181.003,026.003,254.004,585.00
Total Shareholders Equity3,225.003,316.003,012.003,088.003,625.003,181.003,026.003,254.004,585.00
Accumulated Minority Interest1.001.001.001.001.001.004.004.004.00
Total Equity3,226.003,317.003,013.003,089.003,626.003,182.003,030.003,258.004,589.00
Total Liabilities & Stockholders Equity16,148.0015,067.0015,518.0015,422.0016,077.0015,612.0015,068.0014,870.0016,780.00
Book Value Per Share11.1711.2810.0610.1211.5910.049.469.9213.43
Tangible Book Value Per Share-8.54-7.19-8.53-8.34-7.39-7.23-7.25-7.51-4.21
Full-Time Employees43,00044,00045,00046,00045,00043,00045,00048,00050,000
Price to Book Ratio26.0622.0826.2522.4621.3020.3018.9812.7711.38
Return on Assets19.6422.8119.1119.2617.0013.7516.8416.2010.55
Return on Equity93.75110.2496.9590.3979.1767.9680.2965.3938.17
Return on Invested Capital30.3935.6631.1332.3025.2619.0223.1127.6113.98
Quick Ratio0.870.970.960.931.332.052.351.251.98
Current Ratio1.211.361.331.411.842.522.901.632.38

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income3,228.003,066.003,488.002,957.003,034.002,694.002,109.002,521.002,563.00
Depreciation400.00397.00402.00395.00410.00410.00427.00426.00461.00
Other Funds (Non Cash)73.0086.00-414.0067.00-128.0040.0051.00-12.0041.00
Funds from Operations3,725.003,532.003,300.003,331.003,166.002,996.002,557.002,967.003,099.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-463.00-406.00-19.00208.00-818.00-439.00250.0028.00-288.00
Income Taxes Payable-75.00-135.00-70.00-72.00-35.0049.0034.00-7.00-41.00
Cash from Operating Activities3,262.003,126.003,281.003,539.002,348.002,557.002,807.002,995.002,811.00
Capital Expenditures-394.00-419.00-437.00-455.00-412.00-296.00-236.00-326.00-364.00
Net Assets From Acquisitions-119.00-119.00-115.000.00-2.00-731.000.00-4.000.00
Sale of Fixed Assets and Businesses4.0012.00407.0027.00293.008.0011.00145.0027.00
Purchase or Sale of Investments1.007.0011.0027.0012.0038.0014.0020.0016.00
Purchase of Investments0.000.000.000.000.000.000.000.000.00
Sale Or Maturity of Investments1.007.0011.0027.0012.0038.0014.0020.0016.00
Other Uses-1.00-2.00-10.00-2.00-1.00-3.00-3.00-18.00-4.00
Other Sources30.000.000.000.000.000.000.000.000.00
Cash from Investing Activities-479.00-521.00-144.00-403.00-110.00-984.00-214.00-183.00-325.00
Cash Dividends Paid-1,853.00-1,785.00-1,695.00-1,615.00-1,542.00-1,463.00-1,379.00-1,321.00-1,124.00
Change in Capital Stock-1,619.00-1,435.00-1,448.00-1,447.00-1,721.00-950.00-640.00-1,415.00-1,978.00
Repurchase of Common Pref Stock-1,687.00-1,500.00-1,500.00-1,500.00-1,750.00-1,000.00-706.00-1,500.00-2,000.00
Sale of Common Pref Stock68.0065.0052.0053.0029.0050.0066.0085.0022.00
Proceedsfrom Stock Options68.0065.0052.0053.0029.0050.0066.0085.0022.00
Issuance or Reduction of Debt, Net600.00508.00-8.00294.00276.00-141.00-4.00422.00-851.00
Change in Long Term Debt1,496.000.00-320.00746.00-520.00-261.00-4.00423.00-1.00
Issuance of Long Term Debt1,496.000.001,606.001,425.00593.0090.000.001,774.000.00
Reduction of Long Term Debt0.000.00-1,926.00-679.00-1,113.00-351.00-4.00-1,351.00-1.00
Net Financing Active Other Cash Flow-41.00-32.00-38.00-14.00-13.00-10.00-26.00-12.00-11.00
Other Financing Activities Uses-41.00-32.00-38.00-14.00-13.00-10.00-26.00-12.00-11.00
Cash from Financing Activities-2,913.00-2,744.00-3,189.00-2,782.00-3,000.00-2,564.00-2,049.00-2,326.00-3,964.00
Exchange Rate Effect15.0042.00-65.003.00-57.00-46.0039.00-9.00-112.00
Net Change in Cash-115.00-97.00-117.00357.00-819.00-1,037.00583.00477.00-1,590.00
Free Cash Flow2,868.002,707.002,844.003,084.001,936.002,261.002,571.002,669.002,447.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow72.3278.0865.7254.14173.7297.8554.4443.3932.28
Deferred Taxes & Investment Tax Credit--17.00-176.00-88.00-150.00-148.00-30.0032.0034.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments809.00839.00827.00851.00924.00788.00
Short Term Receivables3,516.003,564.003,380.003,404.003,255.003,320.00
Inventories1,823.001,756.001,726.001,719.001,725.001,710.00
Other Current Assets450.00441.00402.00226.00416.00416.00
Total Current Assets6,598.006,600.006,335.006,200.006,320.006,234.00
Net Property, Plant & Equipment2,254.002,235.002,230.002,524.002,203.002,177.00
Total Investments and Advances0.000.000.000.000.000.00
Intangible Assets5,616.005,632.005,657.005,689.005,568.005,596.00
Deferred Tax Assets492.00489.00505.00519.00573.00564.00
Other Assets1,537.001,538.001,537.001,216.001,471.001,477.00
Total Assets16,497.0016,494.0016,264.0016,148.0016,135.0016,048.00
Short Term Debt Incl. Current Port. of LT Debt2,219.003,145.002,545.002,348.001,267.001,242.00
Accounts Payable623.00636.00609.00522.00608.00613.00
Income Tax Payable133.00123.00180.00217.00223.0096.00
Other Current Liabilities2,125.002,049.001,997.002,039.002,034.001,981.00
Total Current Liabilities5,100.005,953.005,331.005,126.004,132.003,932.00
Long Term Debt7,153.006,549.006,603.006,863.007,675.007,695.00
Provision for Risks Charges0.000.000.00205.000.000.00
Deferred Tax Liabilities168.00162.00158.00154.00149.00144.00
Other Liabilities934.00935.00942.00574.00970.001,066.00
Total Liabilities13,355.0013,599.0013,034.0012,922.0012,926.0012,837.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity3,141.002,894.003,229.003,225.003,208.003,210.00
Total Shareholders Equity3,141.002,894.003,229.003,225.003,208.003,210.00
Accumulated Minority Interest1.001.001.001.001.001.00
Total Equity3,142.002,895.003,230.003,226.003,209.003,211.00
Total Liabilities & Stockholders Equity16,497.0016,494.0016,264.0016,148.0016,135.0016,048.00
Book Value Per Share11.0510.1611.2211.1711.0611.01
Tangible Book Value Per Share-8.71-9.61-8.44-8.54-8.14-8.19
Full-Time Employees---43,000--
Price to Book Ratio26.0624.1023.2922.2723.6822.35
Return on Assets19.7819.6319.7519.6418.9421.28
Return on Equity101.69104.6596.8893.7591.71109.06
Return on Invested Capital8.318.637.817.837.546.92
Quick Ratio0.940.810.860.871.111.15
Current Ratio1.291.111.191.211.531.59

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income855.00815.00768.00790.00821.00755.00
Depreciation100.0098.0099.00103.00100.0099.00
Other Funds (Non Cash)-4.0031.0022.0024.0018.0022.00
Funds from Operations946.00950.00890.00939.00930.00863.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital7.00-227.00-267.0024.0091.00-313.00
Income Taxes Payable16.00-106.00-6.0021.0038.00-266.00
Cash from Operating Activities953.00723.00623.00963.001,021.00550.00
Capital Expenditures-102.00-92.00-95.00-105.00-117.00-101.00
Net Assets From Acquisitions0.000.000.00-119.000.000.00
Sale of Fixed Assets and Businesses-4.002.002.004.000.003.00
Purchase or Sale of Investments-1.001.000.001.001.005.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments-1.001.000.001.001.005.00
Other Uses2.004.00-6.00-1.000.000.00
Other Sources31.000.000.00-1.000.001.00
Cash from Investing Activities-74.00-85.00-99.00-221.00-116.00-92.00
Cash Dividends Paid-458.00-463.00-465.00-467.00-438.00-439.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-176.00-750.00-323.00-370.00-362.00-372.00
Repurchase of Common Pref Stock-187.00-750.00-375.00-375.00-375.00-375.00
Sale of Common Pref Stock11.000.0052.005.0013.003.00
Proceedsfrom Stock Options11.000.0052.005.0013.003.00
Issuance or Reduction of Debt, Net-274.00596.00259.0019.0025.00262.00
Change in Long Term Debt1,496.000.000.000.000.000.00
Issuance of Long Term Debt1,496.000.000.000.000.000.00
Reduction of Long Term Debt0.000.000.000.000.000.00
Net Financing Active Other Cash Flow-8.00-15.00-18.000.000.00-14.00
Other Financing Activities Uses-8.00-15.00-18.000.000.00-14.00
Cash from Financing Activities-916.00-632.00-547.00-818.00-775.00-563.00
Exchange Rate Effect7.006.00-1.003.006.0020.00
Net Change in Cash-30.0012.00-24.00-73.00136.00-85.00
Free Cash Flow851.00631.00528.00858.00904.00449.00
Price to Free Cash Flow72.3271.3580.9177.5270.1773.45

Revenue breakdown

Asia Pacific2024: 2.96B 2025: 3.08B
Canada And Mexico2024: 1.16B 2025: 1.09B
EMEA2024: 4.10B 2025: 4.16B
South America2024: 306.00M 2025: 323.00M
United States2024: 7.37B 2025: 7.40B
Automotive OEM2024: 3.19B 2025: 3.29B
Consolidation, Policy2024: -22.00M 2025: -18.00M
Construction Products2024: 1.91B 2025: 1.82B
Food Equipment2024: 2.65B 2025: 2.70B
Polymers and Fluids2024: 1.76B 2025: 1.77B
Specialty Products2024: 1.74B 2025: 1.78B
Test and Measurement and Electronics2024: 2.82B 2025: 2.83B
Welding2024: 1.85B 2025: 1.89B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-303.02%8.5M283.1M1.24M
2026-10-152.92%8.3M283.7M1.31M
2026-09-303.24%9.2M283.7M1.29M
2026-09-153.09%8.8M283.7M1.32M
2026-08-313.09%8.8M283.7M1.32M
2026-08-143.09%8.8M283.7M1.43M
2026-07-313.14%8.9M283.7M1.47M
2026-07-153.33%9.5M286.6M1.38M
2026-06-303.54%10.1M286.6M1.38M
2026-06-153.33%9.5M286.1M1.32M
2026-05-293.36%9.6M286.6M1.32M
2026-05-153.28%9.4M286.6M1.31M
2026-04-303.15%9.0M286.6M1.45M
2026-04-153.12%9.0M287.1M1.43M
2026-03-313.32%9.5M287.2M1.48M
2026-03-133.07%8.8M287.2M1.45M
2026-02-273.19%9.2M287.2M1.39M
2026-02-133.10%8.9M287.2M1.36M
2026-01-302.75%8.0M289.1M1.20M
2026-01-152.66%7.7M289.1M1.26M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call155131.6134.70.002.4870.000.000.995-0.0490.006
call160126.6129.60.002.3490.000.000.995-0.0490.006
call165121.61250.002.3420.000.000.995-0.0490.006
call170117.2119.50.002.1120.000.000.995-0.0500.006
call175111.5114.90.002.1080.000.000.994-0.0500.007
call180106.51100.002.0290.000.000.994-0.0500.007
call185101.6104.972.601.9090.000.000.994-0.0500.007
call19096.5099.9076.831.8130.000.000.993-0.0500.008
call19591.5094.7063.401.6780.000.000.981-0.1460.020
call20086.5090.0062.321.6450.000.000.980-0.1440.021
call21076.5080.1059.601.4820.000.000.978-0.1420.023
call22066.7069.7057.351.2435.000.000.975-0.1390.026
call23056.7059.7044.101.0784.000.000.971-0.1350.029
call24047.3050.0032.070.92837.000.000.966-0.1310.033
call25037.3039.8023.500.75716.000.000.944-0.1760.051
call26026.8030.0026.230.63124.000.000.928-0.1670.061
call27017.7019.5026.200.4214360.000.892-0.1680.083
call2808.1010.809.390.3412,3521.000.740-0.2450.146
call2902.854.203.500.2847102.000.441-0.2610.177
call3000.601.150.850.2764860.000.192-0.2050.123
call3100.000.900.350.3702780.000.122-0.1980.091
call3200.000.050.220.4591360.000.077-0.1660.065
call3300.000.901.140.36191.000.000.009-0.0230.011
call3400.002.151.040.43926.000.000.008-0.0240.010
call3500.002.152.050.4962.000.000.007-0.0240.009
call3600.002.150.100.55611.000.000.006-0.0250.008
call3700.002.152.100.6153.000.000.006-0.0260.007
call3800.002.150.500.6755.000.000.005-0.0260.007
call3900.002.151.050.7306.000.000.005-0.0260.006
call4000.002.151.500.7845.000.000.005-0.0270.006
put1550.002.150.351.4521.000.00-0.002-0.0270.003
put1600.002.150.601.3811.000.00-0.003-0.0270.004
put1650.002.151.001.3162.000.00-0.003-0.0270.004
put1700.002.150.451.2491.000.00-0.003-0.0270.004
put1750.002.151.001.18512.000.00-0.003-0.0260.004
put1800.002.150.051.1381.000.00-0.003-0.0270.004
put1850.002.150.901.2871.000.00-0.012-0.0980.014
put1900.000.100.051.01530.000.00-0.003-0.0260.005
put1950.001.750.401.2573.000.00-0.018-0.1420.020
put2000.000.951.151.1862.000.00-0.019-0.1400.021
put2100.002.150.101.04314.000.00-0.022-0.1360.023
put2200.001.400.200.91011.000.00-0.025-0.1320.026
put2300.001.000.140.78463.000.00-0.028-0.1270.029
put2400.050.400.050.65493.000.00-0.033-0.1220.033
put2500.000.800.080.5861020.00-0.056-0.1660.051
put2600.000.700.210.45695.000.00-0.070-0.1550.061
put2700.200.650.530.3201800.00-0.107-0.1560.083
put2800.901.651.250.2581798.00-0.260-0.2320.146
put2904.205.1010.000.22177.000.00-0.563-0.2460.177
put30011.3014.0013.250.3380.000.00-0.808-0.1890.123
put31020.3023.3024.000.4170.000.00-0.885-0.1720.087
put32030.6033.500.000.5590.000.00-0.988-0.0040.013
put33040.7043.500.000.6720.000.00-0.990-0.0040.011
put34050.3053.5074.500.7760.000.00-0.992-0.0040.010
put35060.6063.500.000.8750.000.00-0.992-0.0030.009
put36070.6073.500.000.9680.000.00-0.993-0.0030.008
put37080.7083.500.001.0570.000.00-0.994-0.0020.007
put38090.6093.500.001.1670.000.00-0.994-0.0020.007
put390100.3103.50.001.2240.000.00-0.995-0.0010.006
put400110.7113.50.001.3290.000.00-0.9950.0000.006

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-104Statement of changes in beneficial ownership of securities2026-11-06SEC
2026-11-104Statement of changes in beneficial ownership of securities2026-11-06SEC
2026-11-104Statement of changes in beneficial ownership of securities2026-11-06SEC
2026-11-104Statement of changes in beneficial ownership of securities2026-11-06SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-04144Filing for proposed sale of securities under Rule 144.SEC
2026-10-2810-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-278-KCurrent report2026-10-27SEC
2026-08-214Statement of changes in beneficial ownership of securities2026-08-19SEC
2026-08-19144Filing for proposed sale of securities under Rule 144.SEC
2026-08-174Statement of changes in beneficial ownership of securities2026-08-13SEC
2026-08-13144Filing for proposed sale of securities under Rule 144.SEC
2026-08-138-KCurrent report2026-08-11SEC
2026-08-12424B5SEC
2026-08-114Statement of changes in beneficial ownership of securities2026-08-07SEC
2026-08-11FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-08-11424B5SEC
2026-08-114Statement of changes in beneficial ownership of securities2026-08-07SEC
2026-08-114Statement of changes in beneficial ownership of securities2026-08-07SEC
2026-08-114Statement of changes in beneficial ownership of securities2026-08-07SEC
2026-08-0610-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-288-KCurrent report2026-07-28SEC
2026-07-09S-3ASRAutomatic shelf registration statement of securities of well-known seasoned issuersSEC
2026-07-013Initial statement of beneficial ownership of securities2026-07-01SEC
2026-06-1111-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-06-044Statement of changes in beneficial ownership of securities2026-06-02SEC
2026-06-01SDSpecialized Disclosure ReportSEC
2026-05-228-KCurrent report2026-05-19SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-08SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110017.57M1
2026-100000
2026-090000
2026-080011.97M2
2026-070000
2026-06199.88K100
2026-050000
2026-040000
2026-030000
2026-020054.96M3
2026-010000
2025-121.68M100
2025-1100373.03K1

Institutional holders

Manager% owned
Briar Hall Management LLC8.97%
BlackRock, Inc.8.09%
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO7.31%
VANGUARD CAPITAL MANAGEMENT LLC6.08%
STATE STREET CORP4.45%
NORTHERN TRUST CORP3.84%
GEODE CAPITAL MANAGEMENT, LLC2.53%
VANGUARD PORTFOLIO MANAGEMENT LLC2.41%
MORGAN STANLEY1.70%
Capital Research Global Investors1.70%

Funds

Fund% owned
VANGUARD TOTAL BOND MARKET II INDEX FUND8.97%
VANGUARD TOTAL BOND MARKET INDEX FUND6.48%
Invesco BulletShares 2026 Corporate Bond ETF6.01%
iShares iBonds Dec 2026 Term Corporate ETF4.82%
VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND4.29%
VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND3.82%
AVE MARIA BOND FUND3.68%
Invesco BulletShares 2029 Corporate Bond ETF3.53%
VANGUARD TOTAL STOCK MARKET INDEX FUND3.02%
MoA Inflation Focused Bond Fund2.54%

OakChart. ITW. Cached 15 minutes.