Illinois Tool Works (ITW) Expected to Announce Quarterly Earnings on Wednesday

Illinois Tool Works (NYSE:ITW - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Wednesday, April 30th. Analysts expect the company to announce earnings of $2.33 per share and revenue of $3.83 billion for the quarter. Illinois Tool Works has set its FY 2025 guidance at 10.150-10.550 EPS.

Illinois Tool Works (NYSE:ITW - Get Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.04. Illinois Tool Works had a net margin of 21.94% and a return on equity of 95.39%. On average, analysts expect Illinois Tool Works to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Illinois Tool Works Stock Up 3.9 %

NYSE:ITW opened at $236.49 on Wednesday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.99 and a current ratio of 1.36. The company has a market capitalization of $69.38 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 4.56 and a beta of 1.12. Illinois Tool Works has a one year low of $214.66 and a one year high of $279.13. The stock has a 50-day simple moving average of $248.77 and a 200 day simple moving average of $257.50.

Illinois Tool Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were given a $1.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.54%. Illinois Tool Works's payout ratio is currently 51.19%.

Insider Buying and Selling

In other news, CFO Michael M. Larsen sold 41,472 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $271.25, for a total value of $11,249,280.00. Following the completion of the sale, the chief financial officer now owns 50,502 shares of the company's stock, valued at approximately $13,698,667.50. This represents a 45.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ernest Scott Santi sold 70,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $263.30, for a total transaction of $18,431,000.00. Following the completion of the sale, the director now owns 260,224 shares of the company's stock, valued at approximately $68,516,979.20. This represents a 21.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 159,925 shares of company stock worth $42,973,845. 0.88% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Illinois Tool Works

An institutional investor recently raised its position in Illinois Tool Works stock. Brighton Jones LLC grew its position in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,519 shares of the industrial products company's stock after purchasing an additional 277 shares during the quarter. Brighton Jones LLC's holdings in Illinois Tool Works were worth $1,399,000 as of its most recent SEC filing. Institutional investors and hedge funds own 79.77% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised Illinois Tool Works from a "sell" rating to a "hold" rating and set a $257.00 price target on the stock in a report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their target price on shares of Illinois Tool Works from $300.00 to $295.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. StockNews.com cut Illinois Tool Works from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Stifel Nicolaus lowered their price objective on shares of Illinois Tool Works from $259.00 to $227.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Finally, Citigroup lowered their target price on Illinois Tool Works from $265.00 to $253.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $260.09.

About Illinois Tool Works

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.

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