Illinois Tool Works (NYSE:ITW) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Illinois Tool Works (NYSE:ITW) issued its quarterly earnings data on Wednesday. The industrial products company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates 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 0.7 %

NYSE:ITW traded down $1.70 on Thursday, hitting $252.54. 240,550 shares of the stock were exchanged, compared to its average volume of 951,664. The stock has a market capitalization of $74.58 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 3.61 and a beta of 1.11. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 1.36. Illinois Tool Works has a 52 week low of $232.77 and a 52 week high of $279.13. The company’s 50-day moving average price is $260.77 and its 200 day moving average price is $257.12.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Evercore ISI cut shares of Illinois Tool Works from an “in-line” rating to an “underperform” rating and upped their price target for the company from $246.00 to $255.00 in a report on Wednesday, November 13th. Truist Financial raised their target price on Illinois Tool Works from $312.00 to $318.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Jefferies Financial Group raised their target price on Illinois Tool Works from $255.00 to $290.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Citigroup reduced their price target on shares of Illinois Tool Works from $279.00 to $265.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, Stifel Nicolaus lowered their target price on 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $272.11.

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.