Illinois Tool Works (NYSE:ITW) Sets New 52-Week High – Should You Buy?

Illinois Tool Works Inc. (NYSE:ITW) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $295.29 and last traded at $294.7260, with a volume of 382167 shares trading hands. The stock had previously closed at $290.58.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ITW shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Robert W. Baird set a $278.00 price objective on Illinois Tool Works in a report on Wednesday, February 4th. JPMorgan Chase & Co. boosted their price target on shares of Illinois Tool Works from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. The Goldman Sachs Group restated a “sell” rating and set a $253.00 price objective on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Finally, Wolfe Research cut their price target on shares of Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating on the stock in a report on Wednesday, February 4th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $272.92.

Illinois Tool Works Trading Up 1.5%

The company has a market capitalization of $85.59 billion, a PE ratio of 28.14, a PEG ratio of 15.72 and a beta of 1.15. The company has a fifty day simple moving average of $257.67 and a 200-day simple moving average of $255.98. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07.

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

Insider Buying and Selling at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total value of $48,685,680.85. Following the transaction, the director owned 258,766 shares in the company, valued at $75,282,792.38. This trade represents a 39.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. The trade was a 42.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is owned by company insiders.

Institutional Trading of Illinois Tool Works

A number of institutional investors have recently modified their holdings of ITW. Brighton Jones LLC grew its holdings in Illinois Tool Works by 5.3% during the 4th quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock valued at $1,399,000 after purchasing an additional 277 shares in the last quarter. Bison Wealth LLC increased its holdings in shares of Illinois Tool Works by 2.3% in the 4th quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock valued at $901,000 after acquiring an additional 81 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Illinois Tool Works by 20.6% during the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company’s stock worth $257,000 after purchasing an additional 177 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in Illinois Tool Works by 1.4% in the second quarter. Concurrent Investment Advisors LLC now owns 22,045 shares of the industrial products company’s stock worth $5,451,000 after acquiring an additional 313 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Illinois Tool Works by 24.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 44,225 shares of the industrial products company’s stock valued at $10,938,000 after purchasing an additional 8,576 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

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.