Recent Research Analysts’ Ratings Updates for Illinois Tool Works (ITW)

Illinois Tool Works (NYSE: ITW) has recently received a number of price target changes and ratings updates:

• 1/22/2025 – Illinois Tool Works was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/14/2025 – Illinois Tool Works was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/13/2025 – Illinois Tool Works had its price target lowered by analysts at Citigroup Inc. from $279.00 to $265.00. They now have a “neutral” rating on the stock.
• 1/8/2025 – Illinois Tool Works had its price target lowered by analysts at Barclays PLC from $270.00 to $265.00. They now have an “equal weight” rating on the stock.
• 1/7/2025 – Illinois Tool Works had its price target lowered by analysts at Wells Fargo & Company from $260.00 to $250.00. They now have an “underweight” rating on the stock.
• 12/19/2024 – Illinois Tool Works had its price target raised by analysts at Truist Financial Co. from $312.00 to $318.00. They now have a “buy” rating on the stock.
• 12/11/2024 – Illinois Tool Works had its price target raised by analysts at Stifel Nicolaus from $262.00 to $268.00. They now have a “hold” rating on the stock.
• 12/9/2024 – Illinois Tool Works had its price target raised by analysts at Citigroup Inc. from $266.00 to $279.00. They now have a “neutral” rating on the stock.
• 12/6/2024 – Illinois Tool Works had its price target raised by analysts at Jefferies Financial Group Inc. from $255.00 to $290.00. They now have a “hold” rating on the stock.
• 12/5/2024 – Illinois Tool Works was upgraded by analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating. They now have a $270.00 price target on the stock, up previously from $230.00.

Illinois Tool Works Stock Performance

Shares of ITW opened at $259.02 on Thursday. The company has a market capitalization of $76.49 billion, a PE ratio of 22.41, a P/E/G ratio of 3.57 and a beta of 1.11. Illinois Tool Works Inc. has a 52-week low of $232.77 and a 52-week high of $279.13. The company has a 50-day simple moving average of $263.71 and a 200-day simple moving average of $256.07. 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 (NYSE:ITW) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.12. Illinois Tool Works had a return on equity of 97.06% and a net margin of 21.66%. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period last year, the business posted $2.55 EPS. Illinois Tool Works’s quarterly revenue was down 1.6% on a year-over-year basis. Equities research analysts predict that Illinois Tool Works Inc. will post 10.13 earnings per share for the current fiscal year.

Institutional Trading of Illinois Tool Works

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sugar Maple Asset Management LLC acquired a new position in Illinois Tool Works in the 4th quarter valued at $28,000. True Wealth Design LLC increased its stake in Illinois Tool Works by 1,060.0% in the third quarter. True Wealth Design LLC now owns 116 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 106 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in Illinois Tool Works during the third quarter worth about $32,000. Ulland Investment Advisors LLC acquired a new stake in Illinois Tool Works in the 4th quarter worth about $33,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Illinois Tool Works in the 3rd quarter valued at about $35,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

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.