Illinois Tool Works (ITW) to Release Quarterly Earnings on Wednesday

Illinois Tool Works (NYSE:ITW - Get Free Report) is projected to announce its Q2 2025 earnings results before the market opens on Wednesday, July 30th. Analysts expect Illinois Tool Works to post earnings of $2.54 per share and revenue of $4.01 billion for the quarter. Illinois Tool Works has set its FY 2025 guidance at 10.150-10.550 EPS.

Illinois Tool Works (NYSE:ITW - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.04. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.83 billion. Illinois Tool Works had a net margin of 21.37% and a return on equity of 92.77%. The company's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.44 EPS. On average, analysts expect Illinois Tool Works to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Illinois Tool Works Trading Up 0.0%

Shares of ITW traded up $0.04 on Friday, reaching $261.87. 1,092,980 shares of the company's stock were exchanged, compared to its average volume of 879,734. The business has a 50 day moving average price of $250.18 and a two-hundred day moving average price of $249.90. Illinois Tool Works has a 12 month low of $214.66 and a 12 month high of $279.13. The stock has a market capitalization of $76.73 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 5.52 and a beta of 1.09. The company has a current ratio of 1.60, a quick ratio of 1.16 and a debt-to-equity ratio of 2.25.

Illinois Tool Works Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Monday, June 30th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Monday, June 30th. Illinois Tool Works's payout ratio is 52.77%.

Insiders Place Their Bets

In other news, Director David Byron Smith, Jr. purchased 872 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were bought at an average cost of $241.16 per share, for a total transaction of $210,291.52. Following the completion of the acquisition, the director directly owned 122,884 shares in the company, valued at approximately $29,634,705.44. This trade represents a 0.71% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.88% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Illinois Tool Works stock. Brighton Jones LLC raised its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 5.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,519 shares of the industrial products company's stock after acquiring an additional 277 shares during the quarter. Brighton Jones LLC's holdings in Illinois Tool Works were worth $1,399,000 at the end of the most recent reporting period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Citigroup lifted their price objective on Illinois Tool Works from $254.00 to $265.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Barclays raised their target price on Illinois Tool Works from $237.00 to $240.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Wells Fargo & Company increased their price target on shares of Illinois Tool Works from $230.00 to $235.00 and gave the company an "underweight" rating in a research report on Tuesday, July 1st. Evercore ISI reduced their price objective on shares of Illinois Tool Works from $252.00 to $249.00 and set an "underperform" rating on the stock in a research note on Monday, May 19th. Finally, UBS Group lowered their target price on shares of Illinois Tool Works from $269.00 to $234.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Illinois Tool Works presently has an average rating of "Hold" and a consensus price target of $255.67.

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.