JPMorgan Chase & Co. Lowers Illinois Tool Works (NYSE:ITW) Price Target to $303.00

Illinois Tool Works (NYSE:ITW) had its target price cut by equities researchers at JPMorgan Chase & Co. from $327.00 to $303.00 in a note issued to investors on Friday, MarketBeat.com reports. The firm presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 12.01% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company cut their price target on Illinois Tool Works from $270.00 to $245.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Citigroup lifted their price target on shares of Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and set a $285.00 price target on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Finally, Barclays lowered their price target on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $270.00.

Illinois Tool Works Stock Performance

Shares of Illinois Tool Works stock opened at $270.50 on Friday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. The firm has a market cap of $77.93 billion, a P/E ratio of 25.79, a P/E/G ratio of 14.47 and a beta of 1.13. The firm has a 50 day simple moving average of $277.26 and a 200 day simple moving average of $260.53. Illinois Tool Works has a fifty-two week low of $223.69 and a fifty-two week high of $303.15.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.03. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same quarter in the prior year, the firm posted $2.54 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Sell-side analysts predict that Illinois Tool Works will post 10.39 earnings per share for the current fiscal year.

Insider Activity

In other Illinois Tool Works news, EVP Axel Beck sold 4,223 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $290.22, for a total value of $1,225,599.06. Following the sale, the executive vice president directly owned 5,789 shares in the company, valued at approximately $1,680,083.58. This trade represents a 42.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ernest Scott Santi sold 167,345 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the completion of the sale, the director owned 258,766 shares in the company, valued at approximately $75,282,792.38. This trade represents a 39.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Illinois Tool Works

Several hedge funds have recently bought and sold shares of ITW. Meridian Wealth Management LLC grew its stake in Illinois Tool Works by 1.3% in the fourth quarter. Meridian Wealth Management LLC now owns 2,818 shares of the industrial products company’s stock valued at $694,000 after acquiring an additional 37 shares during the period. Winnow Wealth LLC grew its stake in Illinois Tool Works by 1.0% in the fourth quarter. Winnow Wealth LLC now owns 3,809 shares of the industrial products company’s stock valued at $941,000 after acquiring an additional 37 shares during the period. Mayflower Financial Advisors LLC grew its stake in Illinois Tool Works by 3.8% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,065 shares of the industrial products company’s stock valued at $262,000 after acquiring an additional 39 shares during the period. Revisor Wealth Management LLC raised its holdings in Illinois Tool Works by 1.4% during the 4th quarter. Revisor Wealth Management LLC now owns 2,841 shares of the industrial products company’s stock worth $734,000 after buying an additional 39 shares during the period. Finally, Concord Asset Management LLC VA raised its holdings in Illinois Tool Works by 1.1% during the 4th quarter. Concord Asset Management LLC VA now owns 3,591 shares of the industrial products company’s stock worth $884,000 after buying an additional 39 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.