Analysts Set Illinois Tool Works Inc. (NYSE:ITW) Target Price at $274.00

Illinois Tool Works Inc. (NYSE:ITW) has received an average recommendation of “Reduce” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $274.00.

ITW has been the subject of a number of research analyst reports. The Goldman Sachs Group reissued a “sell” rating and set a $254.00 target price on shares of Illinois Tool Works in a research report on Thursday, April 30th. Wolfe Research reiterated an “underperform” rating and issued a $286.00 price objective on shares of Illinois Tool Works in a research note on Thursday, July 9th. Barclays cut their price objective on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. JPMorgan Chase & Co. increased their target price on Illinois Tool Works from $295.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Finally, Weiss Ratings lowered Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th.

Insider Activity

In related news, Director Jennifer F. Scanlon acquired 806 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the purchase, the director owned 1,652 shares in the company, valued at approximately $409,679.48. The trade was a 95.27% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.83% of the company’s stock.

Institutional Trading of Illinois Tool Works

A number of hedge funds have recently bought and sold shares of ITW. Cresta Advisors Ltd. acquired a new position in shares of Illinois Tool Works during the fourth quarter valued at about $25,000. Motiv8 Investments LLC acquired a new stake in Illinois Tool Works during the fourth quarter worth about $27,000. Kemnay Advisory Services Inc. bought a new position in Illinois Tool Works during the fourth quarter valued at about $27,000. Lodestone Wealth Management LLC bought a new position in Illinois Tool Works during the fourth quarter valued at about $28,000. Finally, Beacon Financial Strategies CORP acquired a new position in Illinois Tool Works in the 4th quarter valued at approximately $29,000. 79.77% of the stock is owned by institutional investors.

Illinois Tool Works Trading Down 0.0%

NYSE:ITW opened at $282.91 on Friday. Illinois Tool Works has a 12 month low of $238.82 and a 12 month high of $303.15. The firm has a market cap of $81.39 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 4.86 and a beta of 1.00. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. The company’s 50 day moving average is $262.39 and its 200-day moving average is $267.08.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.09. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the company earned $2.38 earnings per share. Illinois Tool Works’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. Equities analysts anticipate that Illinois Tool Works will post 11.37 EPS for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were given a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio is currently 59.80%.

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.