Illinois Tool Works Inc. (NYSE:ITW) Receives $281.25 Consensus PT from Analysts

Shares of Illinois Tool Works Inc. (NYSE:ITW) have earned a consensus recommendation of “Reduce” from the thirteen ratings firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $281.25.

A number of analysts have weighed in on the stock. UBS Group reissued a “neutral” rating and issued a $300.00 price target on shares of Illinois Tool Works in a report on Wednesday, July 29th. Wells Fargo & Company upped their price objective on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research report on Monday, May 4th. Evercore reduced their target price on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Citigroup restated a “neutral” rating on shares of Illinois Tool Works in a research note on Monday, July 13th. Finally, Robert W. Baird raised their price objective on Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th.

Illinois Tool Works Stock Performance

Shares of NYSE ITW opened at $282.49 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26. The business’s 50 day moving average is $277.50 and its two-hundred day moving average is $271.42. The company has a market cap of $80.45 billion, a P/E ratio of 25.61, a P/E/G ratio of 4.80 and a beta of 0.99. Illinois Tool Works has a 12 month low of $238.82 and a 12 month high of $303.15.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.04. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.19 billion. During the same period in the prior year, the business earned $2.58 earnings per share. Illinois Tool Works’s revenue for the quarter was up 6.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, equities analysts expect that Illinois Tool Works will post 11.45 EPS for the current year.

Illinois Tool Works Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be given a $1.72 dividend. This represents a $6.88 annualized dividend and a yield of 2.4%. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. The ex-dividend date of this dividend is Wednesday, September 30th. Illinois Tool Works’s dividend payout ratio (DPR) is 58.39%.

Insiders Place Their Bets

In other Illinois Tool Works news, CAO Matteo C. Pigozzo sold 277 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $289.22, for a total value of $80,113.94. Following the sale, the chief accounting officer owned 3,394 shares of the company’s stock, valued at $981,612.68. The trade was a 7.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jennifer F. Scanlon acquired 806 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average price of $247.99 per share, with a total value of $199,879.94. Following the purchase, the director owned 1,652 shares in the company, valued at approximately $409,679.48. This represents a 95.27% increase in their position. The SEC filing for this purchase provides additional information. 0.83% of the stock is owned by insiders.

Hedge Funds Weigh In On Illinois Tool Works

Institutional investors have recently added to or reduced their stakes in the company. Cresta Advisors Ltd. bought a new position in shares of Illinois Tool Works in the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC bought a new stake in Illinois Tool Works during the 4th quarter worth approximately $27,000. Kemnay Advisory Services Inc. acquired a new stake in Illinois Tool Works during the 4th quarter valued at $27,000. Ares Financial Consulting LLC acquired a new stake in Illinois Tool Works during the 4th quarter valued at $31,000. Finally, Wilkerson Advisory Group LLC raised its position in Illinois Tool Works by 77.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 52 shares during the last quarter. 79.77% of the stock is owned by institutional investors.

About Illinois Tool Works

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.