Illinois Tool Works (NYSE:ITW) Price Target Lowered to $276.00 at Wolfe Research

Illinois Tool Works (NYSE:ITW) had its price objective reduced by analysts at Wolfe Research from $278.00 to $276.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The firm presently has an “underperform” rating on the industrial products company’s stock. Wolfe Research’s price target suggests a potential downside of 6.01% from the stock’s current price.

Several other research analysts also recently weighed in on the company. UBS Group reiterated a “neutral” rating and issued a $285.00 price target on shares of Illinois Tool Works in a report on Wednesday. Robert W. Baird set a $278.00 price objective on shares of Illinois Tool Works in a report on Wednesday. Truist Financial increased their price target on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a research report on Wednesday. Bank of America raised Illinois Tool Works from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $220.00 to $255.00 in a report on Tuesday, November 18th. Finally, Citigroup lifted their target price on Illinois Tool Works from $271.00 to $284.00 and gave the company a “neutral” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $270.54.

Illinois Tool Works Stock Performance

NYSE:ITW opened at $293.63 on Wednesday. The firm has a market cap of $85.18 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 15.50 and a beta of 1.15. The firm’s fifty day moving average price is $256.81 and its 200 day moving average price is $255.86. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 1.11. Illinois Tool Works has a 1-year low of $214.66 and a 1-year high of $294.79.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.03. The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.07 billion. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, sell-side analysts expect that Illinois Tool Works will post 10.39 EPS for the current year.

Insider Activity

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total value of $48,685,680.85. Following the sale, the director owned 258,766 shares of the company’s stock, valued at $75,282,792.38. The trade was a 39.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ITW. Meridian Wealth Management LLC raised its holdings in shares of Illinois Tool Works by 1.3% in the 4th quarter. Meridian Wealth Management LLC now owns 2,818 shares of the industrial products company’s stock valued at $694,000 after purchasing an additional 37 shares during the period. Mayflower Financial Advisors LLC lifted its position in shares of Illinois Tool Works by 3.8% during the 4th quarter. Mayflower Financial Advisors LLC now owns 1,065 shares of the industrial products company’s stock valued at $262,000 after acquiring an additional 39 shares during the period. Revisor Wealth Management LLC boosted its position in shares of Illinois Tool Works by 1.4% during the 4th quarter. Revisor Wealth Management LLC now owns 2,841 shares of the industrial products company’s stock worth $734,000 after acquiring an additional 39 shares in the last quarter. Concord Asset Management LLC VA increased its stake in shares of Illinois Tool Works by 1.1% in the 4th quarter. Concord Asset Management LLC VA now owns 3,591 shares of the industrial products company’s stock valued at $884,000 after purchasing an additional 39 shares during the last quarter. Finally, Planning Alternatives Ltd. ADV grew its position in Illinois Tool Works by 2.6% in the fourth quarter. Planning Alternatives Ltd. ADV now owns 1,558 shares of the industrial products company’s stock valued at $384,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Company Profile

Illinois Tool Works Inc (ITW) is a diversified industrial manufacturer that designs and produces a broad array of engineered products, consumables and related service solutions for industrial customers. Its offerings span engineered fastening systems, specialty components, industrial equipment, welding products, foodservice and packaging equipment, adhesives and polymer products, and test-and-measurement technologies. These products are used as critical inputs by customers across automotive, construction, electronics, foodservice, maintenance and other industrial end markets.

The company operates a decentralized business model in which independently managed businesses focus on niche product lines and close customer relationships.