Illinois Tool Works (NYSE:ITW) Sets New 1-Year High – Time to Buy?

Illinois Tool Works Inc. (NYSE:ITW)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $295.29 and last traded at $294.7260, with a volume of 382167 shares changing hands. The stock had previously closed at $290.58.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. The Goldman Sachs Group reissued a “sell” rating and issued a $253.00 price target on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a research note on Wednesday, January 28th. Wolfe Research reduced their price target on shares of Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating for the company in a research note on Wednesday, February 4th. Barclays raised their price objective on shares of Illinois Tool Works from $244.00 to $275.00 and gave the company an “underweight” rating in a research note on Monday. Finally, UBS Group reaffirmed a “neutral” rating and set a $285.00 price target on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $272.92.

Illinois Tool Works Trading Up 1.5%

The firm has a 50 day moving average price of $257.67 and a two-hundred day moving average price of $255.98. The firm has a market capitalization of $85.59 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 15.72 and a beta of 1.15. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.89 and a current ratio of 1.21.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.03. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.07 billion. During the same quarter last year, the company posted $2.54 EPS. Illinois Tool Works’s revenue for the quarter was up 4.1% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, equities research analysts expect that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Insider Transactions at Illinois Tool Works

In other news, EVP Axel Beck sold 4,223 shares of Illinois Tool Works stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the completion of the sale, the executive vice president directly owned 5,789 shares in the company, valued at $1,680,083.58. The trade was a 42.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ernest Scott Santi sold 167,345 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the transaction, the director owned 258,766 shares in the company, valued at approximately $75,282,792.38. This trade represents a 39.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Illinois Tool Works

Institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of Illinois Tool Works in the second quarter worth about $821,888,000. Massachusetts Financial Services Co. MA raised its stake in shares of Illinois Tool Works by 12.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,797,055 shares of the industrial products company’s stock valued at $938,822,000 after purchasing an additional 415,982 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Illinois Tool Works by 1,517.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 390,022 shares of the industrial products company’s stock worth $96,062,000 after acquiring an additional 365,915 shares during the period. Laurel Wealth Advisors LLC boosted its holdings in Illinois Tool Works by 24,625.1% during the second quarter. Laurel Wealth Advisors LLC now owns 343,431 shares of the industrial products company’s stock valued at $84,913,000 after purchasing an additional 342,042 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Illinois Tool Works by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 26,723,774 shares of the industrial products company’s stock valued at $6,607,453,000 after buying an additional 335,955 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Company Profile

Illinois Tool Works Inc (ITW) is a diversified industrial manufacturer that designs and produces a broad array of engineered products, consumables and related service solutions for industrial customers. Its offerings span engineered fastening systems, specialty components, industrial equipment, welding products, foodservice and packaging equipment, adhesives and polymer products, and test-and-measurement technologies. These products are used as critical inputs by customers across automotive, construction, electronics, foodservice, maintenance and other industrial end markets.

The company operates a decentralized business model in which independently managed businesses focus on niche product lines and close customer relationships.