Illinois Tool Works Inc. (NYSE:ITW) Stock Has Consensus Target Price of $282.00

Shares of Illinois Tool Works Inc. (NYSE:ITW) have earned a consensus recommendation of “Reduce” from the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $273.42.

Several research firms recently commented on ITW. Truist Financial dropped their price objective on shares of Illinois Tool Works from $308.00 to $297.00 and set a “hold” rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating for the company in a research note on Wednesday, September 30th. Wolfe Research reiterated an “underperform” rating and set a $286.00 target price on shares of Illinois Tool Works in a report on Thursday, July 9th. Weiss Ratings upgraded Illinois Tool Works from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, September 28th. Finally, UBS Group set a $277.00 price objective on Illinois Tool Works in a research report on Friday.

Insider Buying and Selling at Illinois Tool Works

In other news, Director Ernest Santi sold 41,431 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total transaction of $11,894,425.79. Following the completion of the transaction, the director directly owned 266,288 shares in the company, valued at $76,448,621.92. This trade represents a 13.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matteo Pigozzo sold 277 shares of Illinois Tool Works stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $289.22, for a total value of $80,113.94. Following the completion of the transaction, the chief accounting officer directly owned 3,394 shares of the company’s stock, valued at approximately $981,612.68. This represents a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.83% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Illinois Tool Works during the second quarter valued at approximately $6,296,349,000. State Street Corp lifted its position in Illinois Tool Works by 1.0% in the 2nd quarter. State Street Corp now owns 12,788,570 shares of the industrial products company’s stock valued at $3,479,219,000 after acquiring an additional 128,089 shares in the last quarter. Bank of America Corp DE boosted its stake in Illinois Tool Works by 2.5% during the 1st quarter. Bank of America Corp DE now owns 3,005,659 shares of the industrial products company’s stock valued at $782,343,000 after purchasing an additional 72,951 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Illinois Tool Works in the 2nd quarter worth $603,166,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Illinois Tool Works by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,045,009 shares of the industrial products company’s stock worth $532,261,000 after purchasing an additional 60,009 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Price Performance

ITW opened at $263.94 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.81 and a debt-to-equity ratio of 2.26. The company has a market cap of $75.17 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 2.86 and a beta of 0.96. The stock has a fifty day simple moving average of $276.07 and a two-hundred day simple moving average of $268.17. 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 announced its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.04. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. Research analysts predict that Illinois Tool Works will post 11.44 earnings per share for the current fiscal year.

Illinois Tool Works Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th were paid a $1.72 dividend. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Illinois Tool Works’s payout ratio is currently 62.38%.

Illinois Tool Works Company Profile

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces engineered products and systems for customers worldwide. The company serves a broad range of end markets, including automotive, construction, food service, welding, electronics, and general industry.

ITW’s product portfolio includes automotive components and fasteners, commercial food equipment, welding equipment and consumables, test and measurement instruments, electronic components, polymers and fluids, construction fastening systems, and other specialized industrial products.