Zacks Research Issues Pessimistic Estimate for ITW Earnings

Illinois Tool Works Inc. (NYSE:ITW) – Analysts at Zacks Research lowered their Q3 2027 EPS estimates for shares of Illinois Tool Works in a research note issued on Wednesday, January 14th. Zacks Research analyst Team now expects that the industrial products company will earn $3.10 per share for the quarter, down from their prior estimate of $3.11. The consensus estimate for Illinois Tool Works’ current full-year earnings is $10.39 per share.

ITW has been the topic of several other reports. Wells Fargo & Company increased their price target on shares of Illinois Tool Works from $245.00 to $250.00 and gave the company an “underweight” rating in a research note on Wednesday, January 7th. Barclays raised their target price on shares of Illinois Tool Works from $243.00 to $244.00 and gave the company an “underweight” rating in a research note on Monday, October 27th. Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Friday, October 31st. Evercore ISI reduced their target price on Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating on the stock in a report on Monday, November 17th. Finally, The Goldman Sachs Group cut Illinois Tool Works from a “neutral” rating to a “sell” rating and reduced their price target for the company from $258.00 to $230.00 in a research report on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $259.67.

Illinois Tool Works Stock Up 0.4%

Shares of NYSE ITW opened at $259.93 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.53 and a debt-to-equity ratio of 2.39. The company has a market cap of $75.41 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 13.76 and a beta of 1.15. Illinois Tool Works has a 12-month low of $214.66 and a 12-month high of $278.13. The firm’s 50-day simple moving average is $249.43 and its 200 day simple moving average is $254.67.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Friday, October 24th. The industrial products company reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.09. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.09 billion. Illinois Tool Works had a net margin of 19.05% and a return on equity of 93.26%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.91 earnings per share. Illinois Tool Works has set its FY 2025 guidance at 10.400-10.500 EPS.

Illinois Tool Works Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 31st were paid a $1.61 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $6.44 annualized dividend and a yield of 2.5%. Illinois Tool Works’s dividend payout ratio is presently 62.46%.

Insider Buying and Selling at Illinois Tool Works

In other news, Director Pamela B. Strobel sold 1,521 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $245.25, for a total transaction of $373,025.25. Following the completion of the transaction, the director directly owned 39,249 shares in the company, valued at approximately $9,625,817.25. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.

Institutional Investors Weigh In On Illinois Tool Works

Large investors have recently bought and sold shares of the stock. J. Safra Sarasin Holding AG grew its stake in Illinois Tool Works by 2.2% in the fourth quarter. J. Safra Sarasin Holding AG now owns 242,652 shares of the industrial products company’s stock valued at $59,765,000 after acquiring an additional 5,277 shares during the period. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Illinois Tool Works by 2.8% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 108,350 shares of the industrial products company’s stock worth $26,687,000 after buying an additional 2,921 shares during the last quarter. Mitchell & Pahl Private Wealth LLC raised its stake in shares of Illinois Tool Works by 3.5% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 8,765 shares of the industrial products company’s stock valued at $2,159,000 after buying an additional 293 shares during the period. Woodstock Corp boosted its position in Illinois Tool Works by 0.8% during the fourth quarter. Woodstock Corp now owns 45,903 shares of the industrial products company’s stock worth $11,306,000 after purchasing an additional 381 shares during the period. Finally, Baron Wealth Management LLC raised its position in shares of Illinois Tool Works by 10.9% in the fourth quarter. Baron Wealth Management LLC now owns 969 shares of the industrial products company’s stock valued at $239,000 after purchasing an additional 95 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

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.