Illinois Tool Works
About: Founded in 1912, Illinois Tool Works has become a diversified industrial manufacturer through acquisitions and innovations that follow customer needs. ITW operates through seven business segments, with no segment representing more than one fifth of revenue. ITW's automotive OEM segment sells vehicle components; its food equipment segment sells commercial kitchen appliances; its test & measurement and electronics segment sells inspection and analysis equipment; its welding segment sells welding equipment and consumables; its polymers & fluids segment sells industrial and consumer adhesives, solvents, and coatings; its construction products segment sells building fasteners and tools; and its specialty products segment sells medical, packaging, HVAC, and airport ground equipment.
Employees: 45,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
29% more call options, than puts
Call options by funds: $177M | Put options by funds: $137M
14% more first-time investments, than exits
New positions opened: 139 | Existing positions closed: 122
6% more capital invested
Capital invested by funds: $58.7B [Q2] → $62.4B (+$3.67B) [Q3]
1% more funds holding
Funds holding: 1,702 [Q2] → 1,719 (+17) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 13 [Q2] → 13 (+0) [Q3]
2.68% less ownership
Funds ownership: 82.94% [Q2] → 80.26% (-2.68%) [Q3]
15% less repeat investments, than reductions
Existing positions increased: 568 | Existing positions reduced: 665
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Truist Securities Jamie Cook 64% 1-year accuracy 51 / 80 met price target | 23%upside $318 | Buy Maintained | 19 Dec 2024 |
Stifel Nathan Jones 61% 1-year accuracy 42 / 69 met price target | 4%upside $268 | Hold Maintained | 11 Dec 2024 |
Citigroup Andrew Kaplowitz 60% 1-year accuracy 40 / 67 met price target | 8%upside $279 | Neutral Maintained | 9 Dec 2024 |
Jefferies Stephen Volkmann 20% 1-year accuracy 2 / 10 met price target | 12%upside $290 | Hold Maintained | 6 Dec 2024 |
Barclays Julian Mitchell 56% 1-year accuracy 57 / 101 met price target | 4%upside $270 | Equal-Weight Upgraded | 5 Dec 2024 |
Financial journalist opinion
Based on 6 articles about ITW published over the past 30 days
