<div id="readability-page-1"><p><span>Illinois Tool Works (NYSE:ITW - Get Free Report)</span> had its price target boosted by stock analysts at Wolfe Research  from $264.00 to $278.00 in a research note issued to investors on Thursday,MarketScreener reports. The brokerage presently has an &#34;underperform&#34; rating on the industrial products company's stock. Wolfe Research's price objective indicates a potential upside of 6.13% from the company's current price.</p><div><p><span></span><span>Get <strong>Illinois Tool Works</strong> alerts:</span></p></div><ul><li>Boring is Beautiful,  Illinois Tool Works Stock Fits the Bill  </li></ul><p>ITW has been the subject of a number of other reports. Weiss Ratings  reaffirmed a &#34;buy (b-)&#34; rating on shares of Illinois Tool Works in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft raised their price objective on Illinois Tool Works from $265.00 to $268.00 and gave the company a &#34;hold&#34; rating in a research note on Thursday, October 2nd. The Goldman Sachs Group lowered shares of Illinois Tool Works from a &#34;neutral&#34; rating to a &#34;sell&#34; rating and lowered their price target for the company from $258.00 to $230.00 in a research report on Tuesday, December 16th. Truist Financial reduced their price objective on Illinois Tool Works from $298.00 to $275.00 and set a &#34;hold&#34; rating on the stock in a research report on Monday, October 27th. Finally, Barclays lifted their target price on shares of Illinois Tool Works from $243.00 to $244.00 and gave the stock an &#34;underweight&#34; rating in a research note on Monday, October 27th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned  a Sell rating to the stock. Based on data from MarketBeat, Illinois Tool Works presently has an average rating of &#34;Reduce&#34; and an average price target of $261.08.</p><p><b>Get Our Latest Stock Analysis on ITW</b></p><h2>Illinois Tool Works Trading Up 1.2%</h2><p>Shares of NYSE ITW traded up $3.06 during mid-day trading on Thursday, reaching $261.95. 1,023,453 shares of the company's stock were exchanged, compared to its average volume of 1,523,432. Illinois Tool Works has a 52-week low of $214.66 and a 52-week high of $278.13. The firm has a market capitalization of $75.99 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 13.76 and a beta of 1.15. The company's 50-day moving average is $249.43 and its 200-day moving average is $254.67. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.11 and a current ratio of 1.53. </p><p>Illinois Tool Works (NYSE:ITW - Get Free Report) last issued its quarterly earnings results on Friday, October 24th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.09. Illinois Tool Works had a net margin of 19.05% and a return on equity of 93.26%. The business had revenue of $4.06 billion for the quarter, compared to analysts' expectations of $4.09 billion. During the same quarter in the prior year, the company earned $3.91 earnings per share. The business's quarterly revenue was up 2.3% on a year-over-year basis. Illinois Tool Works has set its FY 2025 guidance at 10.400-10.500 EPS.  Analysts expect that  Illinois Tool Works will post 10.39 EPS for the current fiscal year. </p><h2>Insider Buying and Selling</h2><p>In other news, Director Pamela B. Strobel sold 1,521 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $245.25, for a total value of $373,025.25. Following the completion of the sale, the director owned 39,249 shares in the company, valued at $9,625,817.25. This represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at this link. Corporate insiders own  0.88% of the company's stock. </p><h2>Institutional Trading of Illinois Tool Works</h2><p>A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Frazier Financial Advisors LLC acquired a new stake in  Illinois Tool Works during the second quarter worth about $25,000.  SOA Wealth Advisors LLC. lifted its position in  Illinois Tool Works by 90.9% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 105 shares of the industrial products company's stock worth $26,000 after buying an additional 50 shares in the last quarter.  Corsicana &amp; Co. bought a new stake in shares of  Illinois Tool Works during the third quarter valued at approximately $26,000.  Lodestone Wealth Management LLC bought a new stake in shares of  Illinois Tool Works during the fourth quarter worth $28,000.  Finally, Beacon Financial Strategies CORP acquired a new stake in shares of  Illinois Tool Works during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own  79.77% of the company's stock. </p><h2>Illinois Tool Works Company Profile</h2> (Get Free Report)<p>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.  </p><p>The company operates a decentralized business model in which independently managed businesses focus on niche product lines and close customer relationships.</p><h2>See Also</h2><ul><li>Five stocks we like better than Illinois Tool Works</li><li>Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!</li><li>How a Family Trust May Be Able To Help Preserve Your Wealth</li><li>A U.S. “birthright” claim worth trillions - activated quietly</li><li>Executive Order 14330: Trump’s Biggest Yet</li><li>The Crash Has Already Started (Most Just Don’t See It Yet)</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlUVw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlUVw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Illinois Tool Works Right Now?</h2><p>Before you consider Illinois Tool Works, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Illinois Tool Works wasn't on the list.</p><p>While Illinois Tool Works currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Wolfe Research has raised its price target for Illinois Tool Works (NYSE:ITW) from $264.00 to $278.00, maintaining an "underperform" rating. This new target suggests a potential upside of 6.13% from the current price. Other analysts have varied opinions, with two ratings as "Buy," seven as "Hold," and five as "Sell." The company reported $2.81 EPS for the last quarter, exceeding estimates, and has set FY 2025 guidance at 10.400-10.500 EPS. The stock traded up 1.2% to $261.95 during mid-day trading.</p>

Illinois Tool Works (NYSE:ITW) Given New $278.00 Price Target at Wolfe Research