Illinois Tool Works Inc. (NYSE:ITW) Receives $272.92 Consensus Price Target from Analysts

Shares of Illinois Tool Works Inc. (NYSE:ITW) have been assigned an average rating of “Reduce” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $272.9231.

Several equities research analysts have recently weighed in on ITW shares. Truist Financial raised their target price on Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a research report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and issued a $285.00 price target on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Evercore reduced their price objective on shares of Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating for the company in a research report on Monday, November 17th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $253.00 target price on shares of Illinois Tool Works in a research report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Illinois Tool Works from $275.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th.

Insider Buying and Selling at Illinois Tool Works

In other Illinois Tool Works news, EVP Axel Beck sold 4,223 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the completion of the sale, the executive vice president directly owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. This trade represents a 42.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $48,685,680.85. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. Company insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Cresta Advisors Ltd. purchased a new stake in shares of Illinois Tool Works in the fourth quarter valued at approximately $25,000. Corsicana & Co. acquired a new stake in Illinois Tool Works in the third quarter valued at $26,000. Motiv8 Investments LLC purchased a new stake in shares of Illinois Tool Works during the 4th quarter worth $27,000. Kemnay Advisory Services Inc. acquired a new position in shares of Illinois Tool Works during the 4th quarter worth $27,000. Finally, Lodestone Wealth Management LLC purchased a new position in shares of Illinois Tool Works in the 4th quarter valued at about $28,000. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Illinois Tool Works Trading Up 0.2%

Shares of NYSE:ITW opened at $290.41 on Tuesday. Illinois Tool Works has a 52 week low of $214.66 and a 52 week high of $303.15. The company’s 50 day moving average is $268.95 and its two-hundred day moving average is $259.47. The company has a market cap of $83.70 billion, a PE ratio of 27.68, a P/E/G ratio of 15.51 and a beta of 1.15. 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 issued its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $4.07 billion. During the same quarter in the previous year, the firm posted $2.54 earnings per share. The company’s revenue was up 4.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Equities analysts predict that Illinois Tool Works will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 31st will be given a $1.61 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $6.44 annualized dividend and a yield of 2.2%. Illinois Tool Works’s dividend payout ratio is 61.39%.

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.