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

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

Illinois Tool Works Stock Down 0.7 %

Illinois Tool Works stock traded down $1.87 during trading on Wednesday, hitting $252.81. 915,450 shares of the company were exchanged, compared to its average volume of 932,460. The company has a current ratio of 1.36, a quick ratio of 0.97 and a debt-to-equity ratio of 1.94. The business’s 50 day moving average is $261.20 and its 200 day moving average is $257.14. Illinois Tool Works has a 52 week low of $232.77 and a 52 week high of $279.13. The company has a market capitalization of $74.65 billion, a P/E ratio of 21.87, a PEG ratio of 3.61 and a beta of 1.11.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ITW. Citigroup decreased their target price on Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Jefferies Financial Group increased their target price on shares of Illinois Tool Works from $255.00 to $290.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Stifel Nicolaus decreased their price target on shares of Illinois Tool Works from $268.00 to $266.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Truist Financial raised their target price on Illinois Tool Works from $312.00 to $318.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Wells Fargo & Company cut their price target on Illinois Tool Works from $260.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.