Illinois Tool Works (NYSE:ITW – Get Free Report) had its target price decreased by equities research analysts at JPMorgan Chase & Co. from $303.00 to $295.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 15.87% from the company’s current price.
Other analysts have also issued reports about the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Monday. UBS Group reissued a “neutral” rating and issued a $285.00 target price on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Robert W. Baird set a $278.00 target price on Illinois Tool Works in a research note on Wednesday, February 4th. Wells Fargo & Company reduced their price target on Illinois Tool Works from $270.00 to $245.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $254.00 price objective on shares of Illinois Tool Works in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $269.46.
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Illinois Tool Works Trading Down 1.3%
Illinois Tool Works (NYSE:ITW – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, topping the consensus estimate of $2.57 by $0.09. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the business earned $2.38 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, equities research analysts predict that Illinois Tool Works will post 11.26 EPS for the current fiscal year.
Insider Buying and Selling at Illinois Tool Works
In other Illinois Tool Works news, EVP Axel Beck sold 4,223 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works stock in a transaction dated Wednesday, February 4th. The stock was 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 directly owned 258,766 shares of the company’s stock, valued at $75,282,792.38. This trade represents a 39.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.83% of the stock is owned by company insiders.
Institutional Trading of Illinois Tool Works
Institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Illinois Tool Works in the fourth quarter worth $808,351,000. Auto Owners Insurance Co increased its holdings in Illinois Tool Works by 24,530.0% in the 4th quarter. Auto Owners Insurance Co now owns 628,065 shares of the industrial products company’s stock worth $15,469,000 after acquiring an additional 625,515 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Illinois Tool Works by 1,517.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 390,022 shares of the industrial products company’s stock valued at $96,062,000 after purchasing an additional 365,915 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Illinois Tool Works by 11.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,311,357 shares of the industrial products company’s stock valued at $815,587,000 after buying an additional 353,056 shares in the last quarter. Finally, Caisse de depot et placement du Quebec lifted its position in shares of Illinois Tool Works by 293.0% in the third quarter. Caisse de depot et placement du Quebec now owns 424,547 shares of the industrial products company’s stock valued at $110,705,000 after acquiring an additional 316,512 shares in the last quarter. 79.77% of the stock is currently owned by hedge funds and other institutional investors.
Key Stories Impacting Illinois Tool Works
Here are the key news stories impacting Illinois Tool Works this week:
- Positive Sentiment: Q1 beat and margin/cash-flow improvement — ITW reported GAAP EPS of $2.66 (above consensus) on revenue of $4.02B, operating margin expanded ~60 bps and management said cash flow strengthened; the company raised FY2026 GAAP EPS guidance to $11.10–$11.50. ITW Reports First Quarter 2026 Results
- Positive Sentiment: Headline beat reinforced across outlets — multiple analyst summaries and earnings-call transcripts highlight the 12% GAAP EPS growth year-over-year and disciplined execution that expanded margins. Illinois Tool Surpasses Q1 Earnings Estimates, Updates 2026 View
- Neutral Sentiment: Guidance essentially in line with consensus — FY EPS and revenue ranges were reiterated/updated around Street expectations (EPS range centers near consensus, revenue guide roughly $16.4–16.7B vs ~$16.6B estimate), so guidance was not a clear beat. ITW projects $11.10-$11.50 2026 GAAP EPS while maintaining 1%-3% organic growth outlook
- Negative Sentiment: Muted organic growth and uneven segment demand — organic revenue was roughly flat (~0.4%), with several end-market segments (automotive OEM, food equipment, construction products, specialty products) showing declines; FX helped headline growth. Investors often penalize low-quality/FX-driven growth. Illinois Tool Works slides as investors focus on muted organic growth despite Q1 beat and higher EPS outlook
- Negative Sentiment: Market reaction and sentiment pressure — some analysts and investors viewed the modest guidance raise as partly driven by a lower tax-rate assumption (not demand acceleration); the stock also underperformed peers on the day and recent insider selling / mixed analyst ratings add pressure. Illinois Tool Works Inc. stock underperforms Thursday when compared to competitors
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.
Further Reading
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