Illinois Tool Works (NYSE:ITW) Price Target Lowered to $250.00 at Barclays

Illinois Tool Works (NYSE:ITW) had its price objective decreased by Barclays from $275.00 to $250.00 in a report issued on Wednesday,Benzinga reports. Barclays currently has an underweight rating on the industrial products company’s stock.

Other analysts have also issued reports about the company. Robert W. Baird set a $278.00 target price on Illinois Tool Works in a report on Wednesday, February 4th. JPMorgan Chase & Co. upped their price objective on shares of Illinois Tool Works from $310.00 to $327.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Citigroup increased their price objective on shares of Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. UBS Group reissued a “neutral” rating and issued a $285.00 target price on shares of Illinois Tool Works in a report on Wednesday, February 4th. Finally, Truist Financial upped their price target on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $271.85.

Illinois Tool Works Stock Up 0.1%

Shares of ITW opened at $260.68 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07. Illinois Tool Works has a 12 month low of $214.66 and a 12 month high of $303.15. The firm’s 50 day moving average is $276.66 and its 200-day moving average is $260.45. The stock has a market capitalization of $75.10 billion, a PE ratio of 24.85, a P/E/G ratio of 13.93 and a beta of 1.13.

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, topping analysts’ consensus estimates 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 the consensus estimate of $4.07 billion. During the same quarter in the prior year, the business posted $2.54 earnings per share. The firm’s quarterly revenue 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. Equities research analysts forecast that Illinois Tool Works will post 10.39 EPS for the current year.

Illinois Tool Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 31st will be paid a $1.61 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.44 annualized dividend and a yield of 2.5%. Illinois Tool Works’s dividend payout ratio (DPR) is 61.39%.

Insider Activity

In other Illinois Tool Works news, EVP Axel Beck sold 4,223 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the completion of the transaction, the executive vice president owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. The trade was a 42.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ernest Scott Santi sold 167,345 shares of the stock in a transaction dated 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 transaction, the director directly owned 258,766 shares of the company’s stock, valued at $75,282,792.38. This trade represents a 39.27% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is currently owned by insiders.

Institutional Trading of Illinois Tool Works

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Illinois Tool Works during the fourth quarter worth $808,351,000. Auto Owners Insurance Co lifted its stake in shares of Illinois Tool Works by 24,530.0% in the 4th quarter. Auto Owners Insurance Co now owns 628,065 shares of the industrial products company’s stock valued at $15,469,000 after acquiring an additional 625,515 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Illinois Tool Works by 1,517.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 390,022 shares of the industrial products company’s stock valued at $96,062,000 after acquiring an additional 365,915 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Illinois Tool Works by 11.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,311,357 shares of the industrial products company’s stock worth $815,587,000 after acquiring an additional 353,056 shares during the last quarter. Finally, Caisse de depot et placement du Quebec increased its holdings in Illinois Tool Works by 293.0% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 424,547 shares of the industrial products company’s stock worth $110,705,000 after purchasing an additional 316,512 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

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.