Illinois Tool Works (NYSE:ITW) Price Target Lowered to $303.00 at JPMorgan Chase & Co.

Illinois Tool Works (NYSE:ITW) had its price target lowered by investment analysts at JPMorgan Chase & Co. from $327.00 to $303.00 in a research note issued on Friday,MarketScreener reports. The firm presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 10.71% from the stock’s current price.

A number of other brokerages also recently commented on ITW. UBS Group reaffirmed 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 objective on Illinois Tool Works in a report on Wednesday, February 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. The Goldman Sachs Group restated a “sell” rating and set a $253.00 price target on shares of Illinois Tool Works in a report on Tuesday, February 3rd. Finally, Wolfe Research increased their price objective on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research report on Friday, February 27th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $270.00.

Illinois Tool Works Stock Up 0.2%

ITW opened at $273.68 on Friday. Illinois Tool Works has a fifty-two week low of $219.85 and a fifty-two week high of $303.15. The firm has a market capitalization of $78.84 billion, a P/E ratio of 26.09, a PEG ratio of 14.42 and a beta of 1.13. The company’s 50-day moving average is $277.07 and its 200 day moving average is $260.47. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89.

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

Insider Buying and Selling at Illinois Tool Works

In related news, Director Ernest Scott Santi sold 167,345 shares of the stock in a transaction dated Wednesday, February 4th. The stock was 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 owned 258,766 shares in the company, valued at approximately $75,282,792.38. This trade represents a 39.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Axel Beck sold 4,223 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $290.22, for a total value of $1,225,599.06. Following the completion of the transaction, the executive vice president directly owned 5,789 shares in the company, valued at approximately $1,680,083.58. This represents a 42.18% 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 Investors Weigh In On Illinois Tool Works

Several large investors have recently added to or reduced their stakes in ITW. Corsicana & Co. bought a new position in Illinois Tool Works in the 3rd quarter valued at $26,000. Cresta Advisors Ltd. purchased a new stake in Illinois Tool Works in the fourth quarter valued at about $25,000. Motiv8 Investments LLC acquired a new stake in shares of Illinois Tool Works during the fourth quarter worth $27,000. Kemnay Advisory Services Inc. purchased a new position in shares of Illinois Tool Works during the fourth quarter worth $27,000. Finally, Lodestone Wealth Management LLC purchased a new stake in Illinois Tool Works in the fourth quarter valued at $28,000. 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.