Illinois Tool downgraded by BofA Securities with a new price target
$ITW
Industrial Machinery/Components
Industrials
BofA Securities downgraded Illinois Tool from Neutral to Underperform and set a new price target of $235.00 from $260.00 previously
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| 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 |
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
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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.
10-Q - ILLINOIS TOOL WORKS INC (0000049826) (Filer)
8-K - ILLINOIS TOOL WORKS INC (0000049826) (Filer)
8-K - ILLINOIS TOOL WORKS INC (0000049826) (Filer)
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
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
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
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