Illinois Tool Works (NYSE:ITW) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Illinois Tool Works (NYSE:ITW) posted its quarterly earnings results on Wednesday. The industrial products company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.04, Zacks reports. Illinois Tool Works had a net margin of 21.66% and a return on equity of 97.06%. Illinois Tool Works updated its FY 2025 guidance to 10.150-10.550 EPS.

Illinois Tool Works Stock Down 0.7 %

Shares of ITW traded down $1.87 on Wednesday, hitting $252.81. The company’s stock had a trading volume of 915,450 shares, compared to its average volume of 932,460. The firm’s fifty day moving average price is $261.20 and its 200-day moving average price is $257.14. The company has a quick ratio of 0.97, a current ratio of 1.36 and a debt-to-equity ratio of 1.94. Illinois Tool Works has a fifty-two week low of $232.77 and a fifty-two week high of $279.13. The firm has a market capitalization of $74.65 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 3.61 and a beta of 1.11.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ITW shares. Barclays cut their target price on Illinois Tool Works from $270.00 to $265.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Robert W. Baird lifted their target price on Illinois Tool Works from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Truist Financial upped their price target on shares of Illinois Tool Works from $312.00 to $318.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company cut their price objective on shares of Illinois Tool Works from $260.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Evercore ISI cut Illinois Tool Works from an “in-line” rating to an “underperform” rating and boosted their price target for the stock from $246.00 to $255.00 in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $272.67.

Illinois Tool Works Company Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.