Illinois Tool Works (NYSE:ITW) Given New $327.00 Price Target at JPMorgan Chase & Co.

Illinois Tool Works (NYSE:ITW) had its target price lifted by analysts at JPMorgan Chase & Co. from $310.00 to $327.00 in a report issued on Wednesday,MarketScreener reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 18.07% from the company’s previous close.

Several other brokerages have also recently weighed in on ITW. Evercore decreased their price target on Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating on the stock in a research report on Monday, November 17th. UBS Group reaffirmed a “neutral” rating and set a $285.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Robert W. Baird set a $278.00 target price on shares of Illinois Tool Works in a report on Wednesday, February 4th. Citigroup raised their price target on shares of Illinois Tool Works from $271.00 to $284.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, Truist Financial boosted their price target on shares of Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $275.69.

Illinois Tool Works Price Performance

Illinois Tool Works stock opened at $276.95 on Wednesday. The firm has a market capitalization of $79.82 billion, a P/E ratio of 26.40, a PEG ratio of 15.12 and a beta of 1.13. Illinois Tool Works has a one year low of $214.66 and a one year high of $303.15. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. The business has a fifty day moving average price of $273.02 and a 200-day moving average price of $260.50.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.03. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same period in the previous year, the company posted $2.54 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts forecast that Illinois Tool Works will post 10.39 EPS for the current year.

Insider Activity at Illinois Tool Works

In other news, Director Ernest Scott Santi sold 167,345 shares of the 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 of the company’s stock, valued at $75,282,792.38. This represents a 39.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Axel Beck sold 4,223 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the sale, the executive vice president owned 5,789 shares in the company, valued at approximately $1,680,083.58. This trade represents a 42.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ITW. Meridian Wealth Management LLC lifted its stake in Illinois Tool Works by 1.3% during the fourth quarter. Meridian Wealth Management LLC now owns 2,818 shares of the industrial products company’s stock worth $694,000 after purchasing an additional 37 shares during the last quarter. Winnow Wealth LLC boosted its holdings in shares of Illinois Tool Works by 1.0% in the 4th quarter. Winnow Wealth LLC now owns 3,809 shares of the industrial products company’s stock worth $941,000 after purchasing an additional 37 shares in the last quarter. Mayflower Financial Advisors LLC increased its position in shares of Illinois Tool Works by 3.8% during the 4th quarter. Mayflower Financial Advisors LLC now owns 1,065 shares of the industrial products company’s stock valued at $262,000 after purchasing an additional 39 shares during the last quarter. Revisor Wealth Management LLC raised its holdings in shares of Illinois Tool Works by 1.4% during the 4th quarter. Revisor Wealth Management LLC now owns 2,841 shares of the industrial products company’s stock valued at $734,000 after buying an additional 39 shares in the last quarter. Finally, Concord Asset Management LLC VA lifted its position in Illinois Tool Works by 1.1% in the 4th quarter. Concord Asset Management LLC VA now owns 3,591 shares of the industrial products company’s stock worth $884,000 after buying an additional 39 shares during the last quarter. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Company Profile

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.