Seaport Res Ptn Analysts Boost Earnings Estimates for Illinois Tool Works Inc. (NYSE:ITW)

Illinois Tool Works Inc. (NYSE:ITW) – Stock analysts at Seaport Res Ptn lifted their Q1 2025 earnings estimates for Illinois Tool Works in a report issued on Thursday, May 2nd. Seaport Res Ptn analyst W. Liptak now anticipates that the industrial products company will earn $2.56 per share for the quarter, up from their prior forecast of $2.48. The consensus estimate for Illinois Tool Works’ current full-year earnings is $10.29 per share. Seaport Res Ptn also issued estimates for Illinois Tool Works’ Q2 2025 earnings at $2.71 EPS, Q3 2025 earnings at $2.75 EPS and Q4 2025 earnings at $2.89 EPS.

Other research analysts have also issued research reports about the company. Bank of America lowered Illinois Tool Works from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $260.00 to $235.00 in a research report on Wednesday, January 10th. StockNews.com upgraded Illinois Tool Works from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Stifel Nicolaus boosted their price target on shares of Illinois Tool Works from $258.00 to $259.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Wells Fargo & Company lowered their price objective on shares of Illinois Tool Works from $255.00 to $244.00 and set an “underweight” rating for the company in a research report on Wednesday, May 1st. Finally, Truist Financial boosted their target price on shares of Illinois Tool Works from $303.00 to $305.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Four analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $257.78.

Illinois Tool Works Stock Performance

ITW opened at $243.92 on Monday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.97 and a current ratio of 1.32. The stock has a market capitalization of $72.87 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 3.57 and a beta of 1.14. The company has a fifty day moving average of $258.75 and a 200 day moving average of $252.03. Illinois Tool Works has a fifty-two week low of $217.06 and a fifty-two week high of $271.15.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.09. The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Illinois Tool Works had a return on equity of 97.82% and a net margin of 19.07%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.33 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ITW. Briaud Financial Planning Inc acquired a new stake in Illinois Tool Works in the third quarter worth about $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Illinois Tool Works in the 4th quarter worth approximately $26,000. Frazier Financial Advisors LLC purchased a new stake in Illinois Tool Works during the 4th quarter worth approximately $26,000. Financial Connections Group Inc. acquired a new position in Illinois Tool Works during the 4th quarter valued at approximately $28,000. Finally, Security National Bank purchased a new position in shares of Illinois Tool Works in the fourth quarter worth $28,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Randall J. Scheuneman sold 5,827 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $256.29, for a total value of $1,493,401.83. Following the completion of the sale, the chief accounting officer now owns 8,870 shares in the company, valued at approximately $2,273,292.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Illinois Tool Works news, Chairman Ernest Scott Santi sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $254.44, for a total value of $12,722,000.00. Following the completion of the sale, the chairman now directly owns 221,015 shares in the company, valued at $56,235,056.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Randall J. Scheuneman sold 5,827 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $256.29, for a total value of $1,493,401.83. Following the transaction, the chief accounting officer now directly owns 8,870 shares in the company, valued at $2,273,292.30. The disclosure for this sale can be found here. Insiders have sold a total of 139,471 shares of company stock valued at $35,970,816 over the last quarter. 0.88% of the stock is owned by corporate insiders.

Illinois Tool Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Friday, March 29th were issued a $1.40 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.30%. Illinois Tool Works’s payout ratio is 55.23%.

About Illinois Tool Works

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.