Illinois Tool Works Inc. (NYSE:ITW) Receives $275.69 Average Target Price from Analysts

Illinois Tool Works Inc. (NYSE:ITW) has been given a consensus rating of “Reduce” by the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $275.6923.

Several analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” rating in a report on Wednesday, February 4th. UBS Group restated a “neutral” rating and set a $285.00 price target on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Robert W. Baird set a $278.00 price target on Illinois Tool Works in a report on Wednesday, February 4th. Barclays boosted their price objective on Illinois Tool Works from $244.00 to $275.00 and gave the stock an “underweight” rating in a research note on Monday, February 9th. Finally, Truist Financial increased their target price on Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th.

Insider Activity

In other news, EVP Axel Beck sold 4,223 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the sale, the executive vice president directly owned 5,789 shares of the company’s stock, valued at $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ernest Scott Santi sold 167,345 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the completion of the sale, the director directly owned 258,766 shares of the company’s stock, valued at approximately $75,282,792.38. This represents a 39.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. AE Wealth Management LLC raised its stake in Illinois Tool Works by 128.4% during the 3rd quarter. AE Wealth Management LLC now owns 9,128 shares of the industrial products company’s stock worth $2,380,000 after buying an additional 5,131 shares during the period. Madison Asset Management LLC increased its stake in Illinois Tool Works by 411.8% during the 3rd quarter. Madison Asset Management LLC now owns 87,875 shares of the industrial products company’s stock worth $22,914,000 after purchasing an additional 70,704 shares in the last quarter. Mediolanum International Funds Ltd raised its holdings in Illinois Tool Works by 10.4% during the 3rd quarter. Mediolanum International Funds Ltd now owns 103,161 shares of the industrial products company’s stock worth $26,964,000 after buying an additional 9,738 shares during the period. Brendel Financial Advisors LLC lifted its stake in Illinois Tool Works by 1,328.6% in the third quarter. Brendel Financial Advisors LLC now owns 13,929 shares of the industrial products company’s stock valued at $3,632,000 after buying an additional 12,954 shares in the last quarter. Finally, Siemens Fonds Invest GmbH lifted its position in Illinois Tool Works by 70.1% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company’s stock valued at $4,753,000 after acquiring an additional 7,508 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors.

Illinois Tool Works Trading Up 0.5%

ITW stock opened at $266.35 on Friday. The business’s 50 day moving average is $276.81 and its 200-day moving average is $260.63. Illinois Tool Works has a 1-year low of $214.66 and a 1-year high of $303.15. The firm has a market cap of $76.76 billion, a P/E ratio of 25.39, a P/E/G ratio of 14.16 and a beta of 1.13. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07.

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

Illinois Tool Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $1.61 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.44 dividend on an annualized basis and a yield of 2.4%. Illinois Tool Works’s dividend payout ratio is currently 61.39%.

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.