Illinois Tool Works (NYSE:ITW) Releases Earnings Results, Beats Estimates By $0.04 EPS

Illinois Tool Works (NYSE:ITW) released its quarterly earnings data on Wednesday. The industrial products company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.50 by $0.04, Zacks reports. Illinois Tool Works had a return on equity of 97.06% and a net margin of 21.66%. Illinois Tool Works updated its FY 2025 guidance to 10.150-10.550 EPS.

Illinois Tool Works Trading Down 1.8 %

ITW traded down $4.68 during trading hours on Wednesday, reaching $250.00. 758,011 shares of the company’s stock traded hands, compared to its average volume of 923,765. Illinois Tool Works has a 52-week low of $232.77 and a 52-week high of $279.13. The firm has a market capitalization of $73.82 billion, a PE ratio of 21.63, a PEG ratio of 3.61 and a beta of 1.11. The firm has a 50-day moving average price of $261.20 and a 200 day moving average price of $257.14. The company has a quick ratio of 0.97, a current ratio of 1.36 and a debt-to-equity ratio of 1.94.

Analyst Upgrades and Downgrades

ITW has been the topic of several research analyst reports. Evercore ISI cut Illinois Tool Works from an “in-line” rating to an “underperform” rating and increased their price target for the company from $246.00 to $255.00 in a report on Wednesday, November 13th. Robert W. Baird boosted their price target on Illinois Tool Works from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Jefferies Financial Group raised their price objective on shares of Illinois Tool Works from $255.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Barclays decreased their price target on shares of Illinois Tool Works from $270.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company lowered their target price on Illinois Tool Works from $260.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Illinois Tool Works presently has a consensus rating of “Hold” and an average price target of $272.67.

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.