Illinois Tool Works Inc. (NYSE:ITW) Stock Has Consensus Price Target of $282.00

Shares of Illinois Tool Works Inc. (NYSE:ITW) have been assigned a consensus recommendation of “Reduce” from the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $273.42.

ITW has been the topic of a number of recent analyst reports. Wolfe Research reissued an “underperform” rating and set a $286.00 price target on shares of Illinois Tool Works in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. Citigroup reiterated a “neutral” rating on shares of Illinois Tool Works in a research report on Monday, July 13th. Robert W. Baird upped their price objective on shares of Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. lowered shares of Illinois Tool Works from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $350.00 to $270.00 in a research note on Friday.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, 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 transaction of $11,894,425.79. Following the transaction, the director owned 266,288 shares in the company, valued at approximately $76,448,621.92. This represents a 13.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Matteo Pigozzo sold 277 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 3,394 shares in the company, valued at approximately $981,612.68. The trade was a 7.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ITW. Castleview Partners LLC increased its position in shares of Illinois Tool Works by 16.6% during the third quarter. Castleview Partners LLC now owns 1,619 shares of the industrial products company’s stock worth $417,000 after acquiring an additional 230 shares during the period. Riversedge Advisors LLC raised its stake in shares of Illinois Tool Works by 37.0% in the third quarter. Riversedge Advisors LLC now owns 1,300 shares of the industrial products company’s stock valued at $334,000 after acquiring an additional 351 shares in the last quarter. Wedmont Private Capital boosted its holdings in Illinois Tool Works by 27.8% in the third quarter. Wedmont Private Capital now owns 4,464 shares of the industrial products company’s stock valued at $1,182,000 after purchasing an additional 970 shares during the period. Monument Capital Management boosted its holdings in Illinois Tool Works by 3.2% in the third quarter. Monument Capital Management now owns 1,729 shares of the industrial products company’s stock valued at $445,000 after purchasing an additional 54 shares during the period. Finally, Acropolis Investment Management LLC boosted its holdings in Illinois Tool Works by 14.6% in the third quarter. Acropolis Investment Management LLC now owns 658 shares of the industrial products company’s stock valued at $169,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Down 0.1%

Shares of ITW stock opened at $263.94 on Wednesday. Illinois Tool Works has a twelve month low of $238.82 and a twelve month high of $303.15. The stock has a market cap of $75.17 billion, a P/E ratio of 23.93, a P/E/G ratio of 2.85 and a beta of 0.96. The stock has a 50 day moving average of $276.07 and a 200 day moving average of $268.21. The company has a current ratio of 1.11, a quick ratio of 0.81 and a debt-to-equity ratio of 2.26.

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

Illinois Tool Works Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Wednesday, September 30th were issued a $1.72 dividend. This represents a $6.88 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s payout ratio is currently 62.38%.

About Illinois Tool Works

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.