Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, refrigeration, cooking, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produces and sells equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The Welding segment produces arc welding equipment; and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment offers beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. It serves the automotive OEM/tiers, commercial food equipment, construction, general industrial, and automotive aftermarket end markets. The company distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is headquartered in Glenview, Illinois.
IPO Year:
Exchange: NYSE
Website: itw.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | $246.00 → $255.00 | In-line → Underperform | Evercore ISI |
| 3/14/2024 | $301.00 | Buy | Truist |
| 2/6/2024 | $277.00 → $240.00 | Equal Weight → Underweight | Wells Fargo |
| 1/10/2024 | $260.00 → $235.00 | Neutral → Underperform | BofA Securities |
| 1/3/2023 | $240.00 → $220.00 | Buy → Hold | Vertical Research |
| 8/24/2022 | $220.00 | Neutral | BofA Securities |
| 8/15/2022 | $188.00 | Hold → Sell | Deutsche Bank |
| 7/8/2022 | $243.00 → $185.00 | Buy → Neutral | UBS |
| 3/28/2022 | $262.00 → $255.00 | Neutral → Overweight | JP Morgan |
| 2/7/2022 | $218.00 → $210.00 | Underweight | Morgan Stanley |
10-Q - ILLINOIS TOOL WORKS INC (0000049826) (Filer)
8-K - ILLINOIS TOOL WORKS INC (0000049826) (Filer)
8-K - ILLINOIS TOOL WORKS INC (0000049826) (Filer)
S-8 POS - ILLINOIS TOOL WORKS INC (0000049826) (Filer)
S-8 - ILLINOIS TOOL WORKS INC (0000049826) (Filer)
10-Q - ILLINOIS TOOL WORKS INC (0000049826) (Filer)
8-K - ILLINOIS TOOL WORKS INC (0000049826) (Filer)
11-K - ILLINOIS TOOL WORKS INC (0000049826) (Filer)
11-K - ILLINOIS TOOL WORKS INC (0000049826) (Filer)
SD - ILLINOIS TOOL WORKS INC (0000049826) (Filer)
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Baird increased Apple Inc. (NASDAQ:AAPL) price target from $200 to $240. Baird analyst William Power maintained an Outperform rating. Apple shares fell 0.1% to trade at $218.51 on Thursday. See how other analysts view this stock. Truist Securities raised the price target for ServiceNow, Inc. (NYSE:NOW) from $750 to $780. Truist Securities analyst Joel Fishbein maintained a Hold rating. ServiceNow shares gained 11.9% to trade at $817.75 on Thursday. See how other analysts view this stock. JP Morg
9 analysts have shared their evaluations of Illinois Tool Works (NYSE:ITW) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 2 4 0 Last 30D 0 1 0 0 0 1M Ago 1 0 2 1 0 2M Ago 0 0 0 1 0 3M Ago 1 0 0 2 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $253.67, along with a high estimate of $305.00 and a low estimate of $217.00. Highlighti
Stifel analyst Nathan Jones maintains Illinois Tool Works (NYSE:ITW) with a Hold and raises the price target from $259 to $268.
Jefferies analyst Stephen Volkmann maintains Illinois Tool Works (NYSE:ITW) with a Hold and lowers the price target from $275 to $240.
Wells Fargo analyst Joseph O'Dea maintains Illinois Tool Works (NYSE:ITW) with a Underweight and lowers the price target from $244 to $230.
Ratings for Illinois Tool Works (NYSE:ITW) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 2 3 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 1 0 2M Ago 0 0 0 0 0 3M Ago 1 0 2 2 0 Analysts have recently evaluated Illinois Tool Works and provided 12-month price targets. The average target is $258.0, accompanied by a high estimate of $305.00 and a low estimate of $217.00. This current aver
Truist Securities analyst Jamie Cook maintains Illinois Tool Works (NYSE:ITW) with a Buy and lowers the price target from $305 to $283.
Analysts' ratings for Illinois Tool Works (NYSE:ITW) over the last quarter vary from bullish to bearish, as provided by 8 analysts. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 2 4 0 Last 30D 0 0 0 1 0 1M Ago 0 0 0 0 0 2M Ago 1 0 2 2 0 3M Ago 1 0 0 1 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $257.0, with a high estimate of $305.00 and a low estimate of $217.00. This upward trend is apparent, with the current average refle
Revenue of $4.0 billion, a decrease of 2% as organic growth declined 1%Operating margin of 26.5% as enterprise initiatives contributed 130 basis pointsGAAP EPS of $3.91 included a divestiture gain of $1.26; ex-gain EPS of $2.65, an increase of 4%Raising full year GAAP EPS guidance by $1.33 to a range of $11.63 to $11.73 per share GLENVIEW, Ill., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE:ITW) today reported its third quarter 2024 results. "ITW delivered solid third quarter results, as our worldwide team continued to successfully navigate and overcome market challenges with strong operational exe
GLENVIEW, Ill., Oct. 24, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE:ITW) declared a dividend on the company's common stock of $1.50 per share for the fourth quarter of 2024. The dividend equates to $6.00 per share on a full-year basis. The dividend will be paid on January 10, 2025 to shareholders of record as of December 31, 2024. About Illinois Tool WorksITW (NYSE:ITW) is a Fortune 300 global multi-industry manufacturing leader with revenue of $16.1 billion in 2023. The company's seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, cust
GLENVIEW, Ill., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE:ITW) will issue its third quarter 2024 results on Wednesday, October 30, 2024 at 7:00 a.m. CDT. Following the release, ITW will hold its third quarter 2024 earnings webcast at 9:00 a.m. CDT. To access the webcast for the event, please click on the following link:ITW Q3 2024 Earnings Webcast If you are a participant on the conference call, please dial 1-888-660-6652 (domestic) or 1-646-960-0554 (international) 10 minutes prior to the 9:00 a.m. CDT start time. The passcode is "ITW." Following the webcast, presentation materials and an audio webcast replay will be available at http://investor.itw.com. An audio
GLENVIEW, Ill., Aug. 02, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE:ITW) authorized a seven percent increase to the dividend payout to shareholders, representing a quarterly increase of $0.10 per share – or $0.40 per share annually – versus the current dividend rate. The Board also declared a dividend on the company's common stock of $1.50 per share for the third quarter of 2024. The dividend equates to $6.00 per share on a full-year basis. The dividend will be paid on October 11, 2024 to shareholders of record as of September 30, 2024. About Illinois Tool WorksITW (NYSE:ITW) is a Fortune 300 global multi-industry manufacturing leader with revenue of
Revenue of $4.0 billion, a decrease of 1% with flat organic growthOperating income of $1.05 billion, an increase of 4.5%Operating margin of 26.2%, an increase of 140 bps as enterprise initiatives contributed 140 bpsGAAP EPS of $2.54, an increase of 2%; Excl. a one-time 2023 tax item, EPS increased 5%Narrowing full year GAAP EPS guidance to a range of $10.30 to $10.40 per share GLENVIEW, Ill., July 30, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE:ITW) today reported its second quarter 2024 results and updated guidance for full-year 2024. "While the demand environment continued to moderate across our portfolio, we delivered a solid quarter with strong operational execution and p
GLENVIEW, Ill., July 12, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE:ITW) will issue its second quarter 2024 results on Tuesday, July 30, 2024 at 7:00 a.m. CDT. Following the release, ITW will hold its second quarter 2024 earnings webcast at 9:00 a.m. CDT. To access the webcast for the event, please click on the following link:ITW Q2 2024 Earnings Webcast If you are a participant on the conference call, please dial 1-888-660-6652 (domestic) or 1-646-960-0554 (international) 10 minutes prior to the 9:00 a.m. CDT start time. The passcode is "ITW." Following the webcast, presentation materials and an audio webcast replay will be available at http://investor.itw.com. An audio-on
Viad Corp (NYSE:VVI), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition services, and experiential marketing, today announced the promotion of Derek P. Linde to GES President, in addition to his existing role as Viad's Chief Operating Officer, effective June 3, 2024. Steve Moster, president and chief executive officer of Viad, said, "Derek is a trusted thought leader who has demonstrated his ability to advance our strategic goals through a collaborative approach. Over the past few years, he has been instrumental in shaping and supporting important transformative actions across GES that delivered enhanced revenue growth, profitability, a
GLENVIEW, Ill., May 03, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE:ITW) declared a dividend on the company's common stock of $1.40 per share for the 2nd quarter of 2024. The dividend equates to $5.60 per share on a full-year basis. The dividend will be paid on July 11, 2024 to shareholders of record as of June 28, 2024. About Illinois Tool WorksITW (NYSE:ITW) is a Fortune 200 global multi-industry manufacturing leader with revenue of $16.1 billion in 2023. The company's seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focu
The easy-to-use welder will support welding shops amid the ongoing labor shortage by unlocking the capacity of their workforce and dramatically boosting productivity Miller Electric Mfg. LLC, a leading worldwide manufacturer of arc welding products, announces the release of its OptX™ 2kW handheld laser welder, cutting-edge technology that will help fill the ongoing shortage of skilled welders across the United States and Canada and dramatically boost productivity up to five to 10 times. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240430921742/en/The Miller OptX™ 2kW handheld laser welder boosts productivity up to five to 10
Revenue of $4.0 billion, organic growth declined (0.6)% as expectedOperating income of $1.13 billion, an increase of 16% includes $117 million benefit from a one-time LIFO accounting change ("item"); ex-item, operating income was $1.01 billion, an increase of 4%Operating margin of 28.4%, an increase of 420 bps; 25.4% ex-item, an increase of 120 bps as enterprise initiatives contributed 140 bpsGAAP EPS of $2.73, an increase of 17%; EPS of $2.44 ex-item, an increase of 5%Reaffirming full-year organic growth guidance of 1 to 3% and raising full-year GAAP EPS guidance by $0.30 to a range of $10.30 to $10.70 per share GLENVIEW, Ill., April 30, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc.
Revenue of $4.0 billion, a decrease of 2% as organic growth declined 1%Operating margin of 26.5% as enterprise initiatives contributed 130 basis pointsGAAP EPS of $3.91 included a divestiture gain of $1.26; ex-gain EPS of $2.65, an increase of 4%Raising full year GAAP EPS guidance by $1.33 to a range of $11.63 to $11.73 per share GLENVIEW, Ill., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE:ITW) today reported its third quarter 2024 results. "ITW delivered solid third quarter results, as our worldwide team continued to successfully navigate and overcome market challenges with strong operational exe
GLENVIEW, Ill., Oct. 24, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE:ITW) declared a dividend on the company's common stock of $1.50 per share for the fourth quarter of 2024. The dividend equates to $6.00 per share on a full-year basis. The dividend will be paid on January 10, 2025 to shareholders of record as of December 31, 2024. About Illinois Tool WorksITW (NYSE:ITW) is a Fortune 300 global multi-industry manufacturing leader with revenue of $16.1 billion in 2023. The company's seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, cust
GLENVIEW, Ill., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE:ITW) will issue its third quarter 2024 results on Wednesday, October 30, 2024 at 7:00 a.m. CDT. Following the release, ITW will hold its third quarter 2024 earnings webcast at 9:00 a.m. CDT. To access the webcast for the event, please click on the following link:ITW Q3 2024 Earnings Webcast If you are a participant on the conference call, please dial 1-888-660-6652 (domestic) or 1-646-960-0554 (international) 10 minutes prior to the 9:00 a.m. CDT start time. The passcode is "ITW." Following the webcast, presentation materials and an audio webcast replay will be available at http://investor.itw.com. An audio
GLENVIEW, Ill., Aug. 02, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE:ITW) authorized a seven percent increase to the dividend payout to shareholders, representing a quarterly increase of $0.10 per share – or $0.40 per share annually – versus the current dividend rate. The Board also declared a dividend on the company's common stock of $1.50 per share for the third quarter of 2024. The dividend equates to $6.00 per share on a full-year basis. The dividend will be paid on October 11, 2024 to shareholders of record as of September 30, 2024. About Illinois Tool WorksITW (NYSE:ITW) is a Fortune 300 global multi-industry manufacturing leader with revenue of
Revenue of $4.0 billion, a decrease of 1% with flat organic growthOperating income of $1.05 billion, an increase of 4.5%Operating margin of 26.2%, an increase of 140 bps as enterprise initiatives contributed 140 bpsGAAP EPS of $2.54, an increase of 2%; Excl. a one-time 2023 tax item, EPS increased 5%Narrowing full year GAAP EPS guidance to a range of $10.30 to $10.40 per share GLENVIEW, Ill., July 30, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE:ITW) today reported its second quarter 2024 results and updated guidance for full-year 2024. "While the demand environment continued to moderate across our portfolio, we delivered a solid quarter with strong operational execution and p
GLENVIEW, Ill., July 12, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE:ITW) will issue its second quarter 2024 results on Tuesday, July 30, 2024 at 7:00 a.m. CDT. Following the release, ITW will hold its second quarter 2024 earnings webcast at 9:00 a.m. CDT. To access the webcast for the event, please click on the following link:ITW Q2 2024 Earnings Webcast If you are a participant on the conference call, please dial 1-888-660-6652 (domestic) or 1-646-960-0554 (international) 10 minutes prior to the 9:00 a.m. CDT start time. The passcode is "ITW." Following the webcast, presentation materials and an audio webcast replay will be available at http://investor.itw.com. An audio-on
GLENVIEW, Ill., May 03, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE:ITW) declared a dividend on the company's common stock of $1.40 per share for the 2nd quarter of 2024. The dividend equates to $5.60 per share on a full-year basis. The dividend will be paid on July 11, 2024 to shareholders of record as of June 28, 2024. About Illinois Tool WorksITW (NYSE:ITW) is a Fortune 200 global multi-industry manufacturing leader with revenue of $16.1 billion in 2023. The company's seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focu
Revenue of $4.0 billion, organic growth declined (0.6)% as expectedOperating income of $1.13 billion, an increase of 16% includes $117 million benefit from a one-time LIFO accounting change ("item"); ex-item, operating income was $1.01 billion, an increase of 4%Operating margin of 28.4%, an increase of 420 bps; 25.4% ex-item, an increase of 120 bps as enterprise initiatives contributed 140 bpsGAAP EPS of $2.73, an increase of 17%; EPS of $2.44 ex-item, an increase of 5%Reaffirming full-year organic growth guidance of 1 to 3% and raising full-year GAAP EPS guidance by $0.30 to a range of $10.30 to $10.70 per share GLENVIEW, Ill., April 30, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc.
GLENVIEW, Ill., April 11, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE:ITW) will issue its first quarter 2024 results on Tuesday, April 30, 2024 at 7:00 a.m. CDT. Following the release, ITW will hold its first quarter 2024 earnings webcast at 9:00 a.m. CDT. To access the webcast for the event, please click on the following link:ITW Q1 2024 Earnings Webcast If you are a participant on the conference call, please dial 1-888-660-6652 (domestic) or 1-646-960-0554 (international) 10 minutes prior to the 9:00 a.m. CDT start time. The passcode is "ITW." Following the webcast, presentation materials and an audio webcast replay will be available at http://investor.itw.com. An audio-on
GLENVIEW, Ill., Feb. 09, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE:ITW) declared a dividend on the company's common stock of $1.40 per share for the first quarter of 2024. The dividend equates to $5.60 per share on a full-year basis. The dividend will be paid on April 11, 2024 to shareholders of record as of March 29, 2024. About Illinois Tool WorksITW (NYSE:ITW) is a Fortune 200 global multi-industry manufacturing leader with revenue of $16.1 billion in 2023. The company's seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-f
4 - ILLINOIS TOOL WORKS INC (0000049826) (Issuer)
4 - ILLINOIS TOOL WORKS INC (0000049826) (Issuer)
4 - ILLINOIS TOOL WORKS INC (0000049826) (Issuer)
SC 13G/A - ILLINOIS TOOL WORKS INC (0000049826) (Subject)
SC 13G/A - ILLINOIS TOOL WORKS INC (0000049826) (Subject)
SC 13G/A - ILLINOIS TOOL WORKS INC (0000049826) (Subject)
SC 13G/A - ILLINOIS TOOL WORKS INC (0000049826) (Subject)
SC 13G/A - ILLINOIS TOOL WORKS INC (0000049826) (Subject)
SC 13G/A - ILLINOIS TOOL WORKS INC (0000049826) (Subject)
SC 13G/A - ILLINOIS TOOL WORKS INC (0000049826) (Subject)
SC 13G/A - ILLINOIS TOOL WORKS INC (0000049826) (Subject)
SC 13G/A - ILLINOIS TOOL WORKS INC (0000049826) (Subject)
SC 13G/A - ILLINOIS TOOL WORKS INC (0000049826) (Subject)
4 - ILLINOIS TOOL WORKS INC (0000049826) (Issuer)
4 - ILLINOIS TOOL WORKS INC (0000049826) (Issuer)
4 - ILLINOIS TOOL WORKS INC (0000049826) (Issuer)
4 - ILLINOIS TOOL WORKS INC (0000049826) (Issuer)
4 - ILLINOIS TOOL WORKS INC (0000049826) (Issuer)
4 - ILLINOIS TOOL WORKS INC (0000049826) (Issuer)
4 - ILLINOIS TOOL WORKS INC (0000049826) (Issuer)
4 - ILLINOIS TOOL WORKS INC (0000049826) (Issuer)
4 - ILLINOIS TOOL WORKS INC (0000049826) (Issuer)
4 - ILLINOIS TOOL WORKS INC (0000049826) (Issuer)
Evercore ISI downgraded Illinois Tool from In-line to Underperform and set a new price target of $255.00 from $246.00 previously
Truist initiated coverage of Illinois Tool with a rating of Buy and set a new price target of $301.00
Wells Fargo downgraded Illinois Tool from Equal Weight to Underweight and set a new price target of $240.00 from $277.00 previously
BofA Securities downgraded Illinois Tool from Neutral to Underperform and set a new price target of $235.00 from $260.00 previously
Vertical Research downgraded Illinois Tool from Buy to Hold and set a new price target of $220.00 from $240.00 previously
BofA Securities resumed coverage of Illinois Tool with a rating of Neutral and set a new price target of $220.00
Deutsche Bank downgraded Illinois Tool from Hold to Sell and set a new price target of $188.00
UBS downgraded Illinois Tool from Buy to Neutral and set a new price target of $185.00 from $243.00 previously
JP Morgan upgraded Illinois Tool from Neutral to Overweight and set a new price target of $255.00 from $262.00 previously
Morgan Stanley reiterated coverage of Illinois Tool Works with a rating of Underweight and set a new price target of $210.00 from $218.00 previously
February 26, 2024-- ITT Inc. (NYSE:ITT) today announced the appointment of Michael G. Guhde as president of its Connect & Control Technologies (CCT) business, reporting to Chief Executive Officer Luca Savi. CCT, one of ITT's three segments, is a leading manufacturer of connectors and control components for critical applications in the aerospace, defense and industrial markets. Guhde will be based at CCT's headquarters in Irvine, CA. Guhde joins ITT from Illinois Tool Works (NYSE:ITW), where he led a large, global business serving the automotive industry through the development and manufacture of highly engineered components. In this role, he oversaw several business improvements that led
FSD Pharma Inc. (NASDAQ:HUGE) (CSE:HUGE) (the "Company" or "FSD Pharma") is pleased to announce the appointment of Nathan Coyle, the Company's Corporate Controller as its Interim Chief Financial Officer, following the departure of Donal Carroll, effective immediately. Mr. Coyle joined FSD Pharma Inc in 2020 as Corporate Controller and has 15 years of executive business experience as a finance leader in both public and private roles. Mr. Coyle was previously with Illinois Tool Works (NYSE:ITW) where he was a key player in restructuring the organization, shaping the growth and streamlining businesses within his industrial packaging segment. Mr. Coyle's involvement in multiple mergers and acq