Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
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Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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9 analysts have shared their evaluations of Illinois Tool Works (NYSE:ITW) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
---|---|---|---|---|---|
Total Ratings | 2 | 1 | 2 | 4 | 0 |
Last 30D | 0 | 1 | 0 | 0 | 0 |
1M Ago | 1 | 0 | 2 | 1 | 0 |
2M Ago | 0 | 0 | 0 | 1 | 0 |
3M Ago | 1 | 0 | 0 | 2 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $253.67, along with a high estimate of $305.00 and a low estimate of $217.00. Highlighting a 3.87% decrease, the current average has fallen from the previous average price target of $263.89.
A comprehensive examination of how financial experts perceive Illinois Tool Works is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
---|---|---|---|---|---|
Tami Zakaria | JP Morgan | Lowers | Overweight | $267.00 | $275.00 |
Nathan Jones | Stifel | Raises | Hold | $268.00 | $259.00 |
Stephen Volkmann | Jefferies | Lowers | Hold | $240.00 | $275.00 |
Joseph O'Dea | Wells Fargo | Lowers | Underweight | $230.00 | $244.00 |
Jamie Cook | Truist Securities | Lowers | Buy | $283.00 | $305.00 |
Julian Mitchell | Barclays | Lowers | Underweight | $217.00 | $229.00 |
Julian Mitchell | Barclays | Lowers | Underweight | $229.00 | $230.00 |
Joseph O'Dea | Wells Fargo | Lowers | Underweight | $244.00 | $255.00 |
Jamie Cook | Truist Securities | Raises | Buy | $305.00 | $303.00 |
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Illinois Tool Works's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Illinois Tool Works analyst ratings.
Illinois Tool Works is a diversified global manufacturer that produces specialized industrial equipment, consumables, and related services. The firm operates 84 global divisions through seven distinct operating segments: automotive OEM, construction products, food equipment, specialty products, test/measurement and electronics, polymers and fluids, and welding. About half of its revenue comes from its operations in North America, with the remainder originating from international markets. Europe, the Middle East, and Africa is the next largest contributor at about 25% of revenue. ITW takes a bottom-up and decentralized approach to portfolio management, with the exception that each segment must apply its 80/20 operating process modeled on the Pareto principle.
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Illinois Tool Works's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -1.14%. This indicates a decrease in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Illinois Tool Works's net margin excels beyond industry benchmarks, reaching 20.61%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Illinois Tool Works's ROE stands out, surpassing industry averages. With an impressive ROE of 27.16%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Illinois Tool Works's ROA stands out, surpassing industry averages. With an impressive ROA of 5.25%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Illinois Tool Works's debt-to-equity ratio stands notably higher than the industry average, reaching 2.76. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: ITW