Brokerages Set Illinois Tool Works Inc. (NYSE:ITW) PT at $281.25

Illinois Tool Works Inc. (NYSE:ITW) has earned an average rating of “Reduce” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $281.25.

Several brokerages have recently commented on ITW. Wolfe Research reaffirmed an “underperform” rating and set a $286.00 target price on shares of Illinois Tool Works in a report on Thursday, July 9th. Robert W. Baird increased their price target on Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. UBS Group restated a “neutral” rating and set a $300.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, July 29th. Weiss Ratings upgraded Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. increased their target price on Illinois Tool Works from $310.00 to $350.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th.

Insider Buying and Selling

In other Illinois Tool Works news, CAO Matteo C. Pigozzo sold 277 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total value of $80,113.94. Following the sale, the chief accounting officer owned 3,394 shares of the company’s stock, valued at approximately $981,612.68. This trade represents a 7.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ernest Santi sold 41,431 shares of Illinois Tool Works stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $287.09, for a total value of $11,894,425.79. Following the completion of the transaction, the director owned 266,288 shares in the company, valued at approximately $76,448,621.92. The trade was a 13.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System grew its position in shares of Illinois Tool Works by 23,625.6% during the 2nd quarter. California State Teachers Retirement System now owns 109,530,343 shares of the industrial products company’s stock valued at $29,624,672,000 after purchasing an additional 109,068,689 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Illinois Tool Works in the second quarter worth $6,296,349,000. Geode Capital Management LLC boosted its stake in Illinois Tool Works by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 6,944,651 shares of the industrial products company’s stock valued at $1,709,734,000 after buying an additional 184,301 shares during the period. Capital Research Global Investors grew its position in Illinois Tool Works by 3.2% during the fourth quarter. Capital Research Global Investors now owns 4,636,392 shares of the industrial products company’s stock worth $1,141,948,000 after buying an additional 142,837 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in Illinois Tool Works by 1.5% in the 4th quarter. Fisher Asset Management LLC now owns 3,705,081 shares of the industrial products company’s stock worth $912,562,000 after acquiring an additional 54,519 shares during the last quarter. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Up 0.4%

ITW opened at $269.25 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.81 and a current ratio of 1.11. The stock has a fifty day moving average of $279.96 and a 200-day moving average of $269.28. Illinois Tool Works has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The company has a market capitalization of $76.68 billion, a P/E ratio of 24.41, a P/E/G ratio of 3.64 and a beta of 0.98.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.04. The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. Illinois Tool Works’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $2.58 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, equities analysts expect that Illinois Tool Works will post 11.43 EPS for the current year.

Illinois Tool Works Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be issued a $1.72 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.88 annualized dividend and a yield of 2.6%. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s payout ratio is 62.38%.

About Illinois Tool Works

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces specialized equipment, components, consumables and related solutions for businesses worldwide. Its products are used across industries including automotive, food service, construction, electronics, welding and general manufacturing.

The company operates through several business segments, including Automotive, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products.