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

Illinois Tool Works (NYSE:ITW) updated its FY 2025 earnings guidance on Friday. The company provided earnings per share guidance of 10.400-10.500 for the period, compared to the consensus earnings per share estimate of 10.390. The company issued revenue guidance of $16.1 billion-$16.4 billion, compared to the consensus revenue estimate of $16.1 billion.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Citigroup upped their price target on Illinois Tool Works from $254.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Barclays upped their price target on Illinois Tool Works from $240.00 to $243.00 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Stifel Nicolaus upped their price target on Illinois Tool Works from $255.00 to $261.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. UBS Group upped their price target on Illinois Tool Works from $243.00 to $255.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Finally, Wells Fargo & Company upped their price target on Illinois Tool Works from $235.00 to $250.00 and gave the stock an “underweight” rating in a report 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 assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $262.83.

Illinois Tool Works Price Performance

Shares of Illinois Tool Works stock opened at $245.91 on Friday. The business has a 50 day simple moving average of $259.36 and a two-hundred day simple moving average of $251.63. 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 $71.68 billion, a P/E ratio of 21.55, a PEG ratio of 5.70 and a beta of 1.10. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.59 and a quick ratio of 1.15.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Friday, October 24th. The industrial products company reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.09. Illinois Tool Works had a return on equity of 90.89% and a net margin of 21.31%.The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the firm earned $3.91 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. Illinois Tool Works has set its FY 2025 guidance at 10.400-10.500 EPS. As a group, analysts predict that Illinois Tool Works will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th were given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.50. The ex-dividend date was Tuesday, September 30th. Illinois Tool Works’s dividend payout ratio (DPR) is currently 56.44%.

Insider Activity

In other news, CAO Randall J. Scheuneman sold 6,802 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $265.08, for a total value of $1,803,074.16. Following the completion of the sale, the chief accounting officer directly owned 10,314 shares in the company, valued at $2,734,035.12. This represents a 39.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.88% of the stock is owned by company insiders.

Institutional Investors Weigh In On Illinois Tool Works

Large investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. purchased a new position in Illinois Tool Works in the second quarter worth approximately $485,000. State of Wyoming grew its position in Illinois Tool Works by 24.1% in the second quarter. State of Wyoming now owns 1,230 shares of the industrial products company’s stock worth $304,000 after acquiring an additional 239 shares during the period. Geneos Wealth Management Inc. grew its position in Illinois Tool Works by 73.0% in the second quarter. Geneos Wealth Management Inc. now owns 4,361 shares of the industrial products company’s stock worth $1,078,000 after acquiring an additional 1,840 shares during the period. Evergreen Capital Management LLC grew its position in Illinois Tool Works by 23.6% in the second quarter. Evergreen Capital Management LLC now owns 5,699 shares of the industrial products company’s stock worth $1,418,000 after acquiring an additional 1,087 shares during the period. Finally, Front Street Capital Management Inc. purchased a new position in Illinois Tool Works in the second quarter worth approximately $124,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Illinois Tool Works Company Profile

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.