Illinois Tool Works (NYSE:ITW) Updates FY 2025 Earnings Guidance

Illinois Tool Works (NYSE:ITW - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 10.150-10.550 for the period, compared to the consensus EPS estimate of 10.270. The company issued revenue guidance of -.

Illinois Tool Works Price Performance

ITW opened at $230.65 on Wednesday. The company has a fifty day moving average price of $246.64 and a two-hundred day moving average price of $256.91. Illinois Tool Works has a 52 week low of $214.66 and a 52 week high of $279.13. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.99 and a current ratio of 1.36. The firm has a market capitalization of $67.66 billion, a PE ratio of 19.69, a P/E/G ratio of 4.56 and a beta of 1.12.

Illinois Tool Works (NYSE:ITW - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.33 by $0.05. Illinois Tool Works had a net margin of 21.94% and a return on equity of 95.39%. As a group, analysts anticipate that Illinois Tool Works will post 10.39 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Monday, March 31st. Illinois Tool Works's dividend payout ratio is 51.19%.

Analyst Upgrades and Downgrades

A number of analysts have commented on ITW shares. Wells Fargo & Company reduced their target price on shares of Illinois Tool Works from $250.00 to $245.00 and set an "underweight" rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of Illinois Tool Works from $300.00 to $295.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft raised shares of Illinois Tool Works from a "sell" rating to a "hold" rating and set a $257.00 price objective for the company in a research report on Wednesday, February 19th. UBS Group lowered their price target on shares of Illinois Tool Works from $269.00 to $234.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Finally, Citigroup lowered their price target on shares of Illinois Tool Works from $265.00 to $253.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Illinois Tool Works has an average rating of "Hold" and an average target price of $260.09.

Insider Activity at Illinois Tool Works

In other news, CEO Christopher A. O'herlihy sold 48,453 shares of Illinois Tool Works stock in a transaction on Friday, March 7th. The shares were sold at an average price of $274.36, for a total transaction of $13,293,565.08. Following the transaction, the chief executive officer now owns 55,113 shares in the company, valued at approximately $15,120,802.68. The trade was a 46.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael M. Larsen sold 41,472 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $271.25, for a total value of $11,249,280.00. Following the sale, the chief financial officer now owns 50,502 shares of the company's stock, valued at approximately $13,698,667.50. This represents a 45.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,925 shares of company stock worth $42,973,845 over the last ninety days. Company insiders own 0.88% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Illinois Tool Works stock. Brighton Jones LLC boosted its holdings in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,519 shares of the industrial products company's stock after buying 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 quarter. 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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