Illinois Tool Works (NYSE:ITW) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Key Points

• Deutsche Bank raised its price target for Illinois Tool Works (ITW) from $265 to $268, indicating a potential upside of 3% from the previous close, while maintaining a "hold" rating on the stock.
• The stock recently opened at $260.19, with a 52-week high of $279.13 and a market cap of $75.85 billion.
• Illinois Tool Works reported quarterly earnings of $2.58 per share, exceeding expectations and showing a 0.6% increase in revenue year-over-year, with guidance for FY 2025 set between 10.350-10.550 EPS.

Illinois Tool Works (NYSE:ITW - Get Free Report) had its target price increased by research analysts at Deutsche Bank Aktiengesellschaft from $265.00 to $268.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The brokerage presently has a "hold" rating on the industrial products company's stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 3.00% from the company's previous close.

ITW has been the topic of several other reports. UBS Group raised their target price on shares of Illinois Tool Works from $243.00 to $255.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Wells Fargo & Company lifted their target price on shares of Illinois Tool Works from $235.00 to $250.00 and gave the stock an "underweight" rating in a report on Thursday, July 31st. Truist Financial lowered shares of Illinois Tool Works from a "buy" rating to a "hold" rating and set a $283.00 price target on the stock. in a research report on Thursday, July 31st. Evercore ISI set a $265.00 price target on Illinois Tool Works and gave the company an "underperform" rating in a research note on Tuesday, August 19th. Finally, Stifel Nicolaus raised their price objective on Illinois Tool Works from $255.00 to $261.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $261.58.

Illinois Tool Works Stock Performance

NYSE:ITW opened at $260.19 on Thursday. The firm's 50-day moving average is $261.43 and its 200-day moving average is $251.05. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.15 and a current ratio of 1.59. The company has a market cap of $75.85 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 5.62 and a beta of 1.10. Illinois Tool Works has a 52-week low of $214.66 and a 52-week high of $279.13.

Illinois Tool Works (NYSE:ITW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.56 by $0.02. Illinois Tool Works had a return on equity of 90.89% and a net margin of 21.31%.The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the firm earned $2.54 EPS. Illinois Tool Works's quarterly revenue was up .6% on a year-over-year basis. Illinois Tool Works has set its FY 2025 guidance at 10.350-10.550 EPS. Equities research analysts anticipate that Illinois Tool Works will post 10.39 earnings per share for the current year.

Insider Activity at Illinois Tool Works

In other news, CAO Randall J. Scheuneman sold 6,802 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $265.08, for a total value of $1,803,074.16. Following the sale, the chief accounting officer directly owned 10,314 shares of the company's stock, valued at $2,734,035.12. This represents a 39.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.88% of the company's stock.

Institutional Trading of Illinois Tool Works

Several institutional investors have recently made changes to their positions in the business. InvesTrust grew its stake in shares of Illinois Tool Works by 1.1% in the 3rd quarter. InvesTrust now owns 9,577 shares of the industrial products company's stock worth $2,497,000 after buying an additional 104 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Illinois Tool Works by 21.2% during the 3rd quarter. GAMMA Investing LLC now owns 9,857 shares of the industrial products company's stock valued at $2,570,000 after purchasing an additional 1,723 shares during the last quarter. Capital Asset Advisory Services LLC increased its position in shares of Illinois Tool Works by 9.1% in the 3rd quarter. Capital Asset Advisory Services LLC now owns 1,216 shares of the industrial products company's stock valued at $317,000 after acquiring an additional 101 shares during the period. Park National Corp OH raised its holdings in shares of Illinois Tool Works by 3.3% during the third quarter. Park National Corp OH now owns 8,051 shares of the industrial products company's stock worth $2,099,000 after purchasing an additional 258 shares during the last quarter. Finally, Praxis Investment Management Inc. boosted its position in Illinois Tool Works by 15.9% in the 3rd quarter. Praxis Investment Management Inc. now owns 21,159 shares of the industrial products company's stock worth $5,517,000 after purchasing an additional 2,900 shares in the last quarter. Hedge funds and other institutional investors own 79.77% of the company's stock.

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.

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