Illinois Tool Works (NYSE:ITW) Given New $281.00 Price Target at Deutsche Bank Aktiengesellschaft

Illinois Tool Works (NYSE:ITW) had its price objective reduced by research analysts at Deutsche Bank Aktiengesellschaft from $287.00 to $281.00 in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the industrial products company’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 5.30% from the stock’s current price.

Several other analysts also recently weighed in on ITW. Truist Financial increased their target price on Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. UBS Group reiterated a “neutral” rating and set a $300.00 price target on shares of Illinois Tool Works in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price objective on Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Illinois Tool Works from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Finally, Robert W. Baird upped their target price on shares of Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $282.33.

Illinois Tool Works Stock Performance

Shares of ITW opened at $266.86 on Wednesday. The company has a market capitalization of $76.00 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.11 and a quick ratio of 0.81. Illinois Tool Works has a one year low of $238.82 and a one year high of $303.15. The company’s fifty day moving average price is $279.59 and its 200 day moving average price is $268.26.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.04. The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.58 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, analysts expect that Illinois Tool Works will post 11.44 earnings per share for the current year.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, CAO Matteo C. Pigozzo sold 277 shares of Illinois Tool Works stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total transaction of $80,113.94. Following the sale, the chief accounting officer directly owned 3,394 shares of the company’s stock, valued at approximately $981,612.68. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ernest Santi sold 41,431 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total value of $11,894,425.79. Following the completion of the transaction, the director directly owned 266,288 shares of the company’s stock, valued at approximately $76,448,621.92. The trade was a 13.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.83% of the company’s stock.

Institutional Trading of Illinois Tool Works

A number of large investors have recently bought and sold shares of ITW. BlackRock Inc. bought a new position in shares of Illinois Tool Works during the second quarter valued at $6,296,349,000. Bank of New York Mellon Corp bought a new stake in shares of Illinois Tool Works in the 2nd quarter worth about $603,166,000. Legal & General Group Plc acquired a new stake in shares of Illinois Tool Works during the 2nd quarter worth about $500,748,000. Deutsche Bank AG bought a new position in Illinois Tool Works during the 2nd quarter valued at about $221,746,000. Finally, Hsbc Holdings PLC acquired a new position in Illinois Tool Works in the second quarter valued at about $209,959,000. 79.77% of the stock is currently owned by institutional investors.

Illinois Tool Works Company Profile

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces engineered products and systems for customers worldwide. The company serves a broad range of end markets, including automotive, construction, food service, welding, electronics, and general industry.

ITW’s product portfolio includes automotive components and fasteners, commercial food equipment, welding equipment and consumables, test and measurement instruments, electronic components, polymers and fluids, construction fastening systems, and other specialized industrial products.