Illinois Tool Works Inc. (NYSE:ITW) Receives $271.92 Consensus Target Price from Brokerages

Shares of Illinois Tool Works Inc. (NYSE:ITW) have received an average recommendation of “Reduce” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $273.5385.

Several equities research analysts have issued reports on the stock. Evercore dropped their price objective on shares of Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Citigroup lifted their target price on shares of Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Barclays decreased their price target on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. Wells Fargo & Company increased their price target on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a report on Monday, May 4th. Finally, Weiss Ratings cut Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th.

Insiders Place Their Bets

In other news, Director Jennifer F. Scanlon acquired 806 shares of the stock in a transaction on Tuesday, June 2nd. The stock was bought at an average price of $247.99 per share, with a total value of $199,879.94. Following the completion of the transaction, the director directly owned 1,652 shares of the company’s stock, valued at $409,679.48. The trade was a 95.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Illinois Tool Works

A number of large investors have recently added to or reduced their stakes in ITW. Siemens Fonds Invest GmbH grew its holdings in shares of Illinois Tool Works by 70.1% during the third quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company’s stock valued at $4,753,000 after purchasing an additional 7,508 shares during the last quarter. Hudson Bay Capital Management LP boosted its position in Illinois Tool Works by 123.4% during the 3rd quarter. Hudson Bay Capital Management LP now owns 23,063 shares of the industrial products company’s stock valued at $6,014,000 after purchasing an additional 12,741 shares during the period. Gradient Investments LLC boosted its position in Illinois Tool Works by 691.3% during the 4th quarter. Gradient Investments LLC now owns 62,677 shares of the industrial products company’s stock valued at $15,437,000 after purchasing an additional 54,756 shares during the period. Y.D. More Investments Ltd bought a new position in Illinois Tool Works during the 4th quarter worth $2,498,000. Finally, Vinva Investment Management Ltd increased its position in Illinois Tool Works by 32.5% in the third quarter. Vinva Investment Management Ltd now owns 76,587 shares of the industrial products company’s stock worth $20,018,000 after buying an additional 18,801 shares during the period. 79.77% of the stock is owned by institutional investors and hedge funds.

Illinois Tool Works Stock Performance

Shares of NYSE:ITW opened at $272.80 on Monday. The business has a 50-day moving average of $258.09 and a two-hundred day moving average of $264.65. The firm has a market capitalization of $78.49 billion, a PE ratio of 25.33, a P/E/G ratio of 4.69 and a beta of 1.00. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86. 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 issued its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.09. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, research analysts forecast that Illinois Tool Works will post 11.37 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be issued a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 59.80%.

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.