Key Points
- Director Pamela Strobel sold 1,521 shares of Illinois Tool Works at an average price of $245.25 on Nov. 5 for $373,025.25, cutting her stake to 39,249 shares — a 3.73% ownership decrease valued at about $9.63M.
- Q3 results and guidance: ITW reported $2.81 EPS (beating estimates by $0.09) and $4.06B revenue (slightly below consensus), and set FY2025 guidance at $10.40–$10.50 EPS.
- Dividend and analyst view: The company declared a quarterly dividend of $1.61 ($6.44 annualized, ~2.6% yield), while analysts' average rating is "Reduce" with an average target of $262.
Illinois Tool Works Inc. (NYSE:ITW - Get Free Report) Director Pamela Strobel sold 1,521 shares of Illinois Tool Works stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $245.25, for a total value of $373,025.25. Following the completion of the transaction, the director directly owned 39,249 shares of the company's stock, valued at approximately $9,625,817.25. This trade represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Illinois Tool Works Trading Up 0.5%
Shares of ITW stock opened at $245.47 on Friday. Illinois Tool Works Inc. has a fifty-two week low of $214.66 and a fifty-two week high of $279.13. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.11 and a current ratio of 1.53. The stock has a 50 day simple moving average of $255.34 and a two-hundred day simple moving average of $252.78. The company has a market cap of $71.21 billion, a P/E ratio of 23.81, a PEG ratio of 4.10 and a beta of 1.11.
Illinois Tool Works (NYSE:ITW - Get Free Report) last announced its quarterly earnings data on Friday, October 24th. The industrial products company reported $2.81 EPS for the quarter, topping the consensus estimate of $2.72 by $0.09. The company had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.09 billion. Illinois Tool Works had a net margin of 19.05% and a return on equity of 93.26%. The company's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.91 EPS. Illinois Tool Works has set its FY 2025 guidance at 10.400-10.500 EPS. Research analysts forecast that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.
Illinois Tool Works Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 31st will be paid a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, December 31st. Illinois Tool Works's payout ratio is 62.46%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of ITW. Essex Financial Services Inc. grew its holdings in Illinois Tool Works by 16.1% during the third quarter. Essex Financial Services Inc. now owns 1,980 shares of the industrial products company's stock worth $516,000 after buying an additional 274 shares in the last quarter. Syon Capital LLC boosted its holdings in Illinois Tool Works by 22.2% during the 3rd quarter. Syon Capital LLC now owns 7,126 shares of the industrial products company's stock worth $1,858,000 after acquiring an additional 1,295 shares during the last quarter. Advisors Capital Management LLC grew its stake in shares of Illinois Tool Works by 61.3% in the 3rd quarter. Advisors Capital Management LLC now owns 4,348 shares of the industrial products company's stock worth $1,134,000 after acquiring an additional 1,653 shares in the last quarter. Maridea Wealth Management LLC purchased a new stake in shares of Illinois Tool Works in the third quarter valued at about $206,000. Finally, NEOS Investment Management LLC boosted its holdings in Illinois Tool Works by 44.8% during the third quarter. NEOS Investment Management LLC now owns 36,049 shares of the industrial products company's stock worth $9,400,000 after purchasing an additional 11,150 shares during the last quarter. Hedge funds and other institutional investors own 79.77% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Illinois Tool Works from $265.00 to $268.00 and gave the stock a "hold" rating in a research report on Thursday, October 2nd. Barclays increased their price target on Illinois Tool Works from $243.00 to $244.00 and gave the stock an "underweight" rating in a report on Monday, October 27th. Weiss Ratings restated a "buy (b-)" rating on shares of Illinois Tool Works in a report on Friday, October 31st. Robert W. Baird set a $265.00 target price on Illinois Tool Works in a report on Monday, October 27th. Finally, Stifel Nicolaus lifted their price target on shares of Illinois Tool Works from $255.00 to $261.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $262.00.
Get Our Latest Analysis on ITW
Illinois Tool Works Company Profile
(
Get Free Report)
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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