Q4 EPS Forecast for Illinois Tool Works Decreased by Analyst

Illinois Tool Works Inc. (NYSE:ITW) – Investment analysts at Seaport Res Ptn decreased their Q4 2024 earnings per share estimates for shares of Illinois Tool Works in a research report issued on Monday, November 4th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings of $2.53 per share for the quarter, down from their prior estimate of $2.65. The consensus estimate for Illinois Tool Works’ current full-year earnings is $10.75 per share. Seaport Res Ptn also issued estimates for Illinois Tool Works’ Q1 2025 earnings at $2.48 EPS, Q2 2025 earnings at $2.64 EPS, Q4 2025 earnings at $2.72 EPS and FY2025 earnings at $10.55 EPS.

A number of other research firms also recently issued reports on ITW. JPMorgan Chase & Co. lifted their price objective on Illinois Tool Works from $267.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Evercore ISI reduced their price target on shares of Illinois Tool Works from $251.00 to $246.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. StockNews.com upgraded shares of Illinois Tool Works from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company lifted their price objective on shares of Illinois Tool Works from $236.00 to $250.00 and gave the stock an “underweight” rating in a research note on Monday, October 7th. Finally, Jefferies Financial Group decreased their target price on shares of Illinois Tool Works from $275.00 to $240.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Illinois Tool Works has an average rating of “Hold” and a consensus target price of $256.40.

Illinois Tool Works Trading Down 0.9 %

Shares of Illinois Tool Works stock opened at $272.87 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.36 and a debt-to-equity ratio of 1.94. The firm has a market cap of $80.58 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 3.85 and a beta of 1.10. Illinois Tool Works has a twelve month low of $227.66 and a twelve month high of $277.58. The business has a 50-day moving average price of $256.78 and a 200-day moving average price of $247.80.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Wednesday, October 30th. The industrial products company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.53 by $0.12. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $4.02 billion. Illinois Tool Works had a net margin of 21.66% and a return on equity of 97.06%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.55 earnings per share.

Illinois Tool Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st will be given a dividend of $1.50 per share. The ex-dividend date is Tuesday, December 31st. This represents a $6.00 annualized dividend and a dividend yield of 2.20%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 51.90%.

Hedge Funds Weigh In On Illinois Tool Works

A number of large investors have recently bought and sold shares of ITW. International Assets Investment Management LLC lifted its position in shares of Illinois Tool Works by 26,088.4% during the third quarter. International Assets Investment Management LLC now owns 323,427 shares of the industrial products company’s stock worth $847,610,000 after purchasing an additional 322,192 shares during the last quarter. AXA S.A. increased its stake in Illinois Tool Works by 242.3% in the 2nd quarter. AXA S.A. now owns 341,356 shares of the industrial products company’s stock worth $80,888,000 after buying an additional 241,618 shares during the period. Guinness Asset Management LTD lifted its holdings in Illinois Tool Works by 30.7% during the 2nd quarter. Guinness Asset Management LTD now owns 767,741 shares of the industrial products company’s stock valued at $181,926,000 after buying an additional 180,458 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Illinois Tool Works by 9.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,527,637 shares of the industrial products company’s stock valued at $361,998,000 after buying an additional 133,853 shares during the period. Finally, SG Americas Securities LLC boosted its position in Illinois Tool Works by 2,334.0% in the 1st quarter. SG Americas Securities LLC now owns 127,152 shares of the industrial products company’s stock valued at $34,119,000 after buying an additional 121,928 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

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.