Illinois Tool Works (ITW)

• Market cap: $76.4B
• 1 day: 0.28%
• 5 days: -4.88%
• 1 month: -2.84%
• 3 months: 1.77%
• 6 months: 6.37%
• Year to date: -0.68%
• 1 year: 0.83%
• 5 years: 43.54%
• 10 years: 167.46%
• Sector: Industrials
• Industry: General Industrial Machinery & Equipment

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

• Low target: $250 3% downside
• Avg. target: $273 5% upside
• High target: $318 23% upside

8 analyst ratings

• positive: 1 13%
• neutral: 5 63%
• negative: 2 25%

Truist Securities Jamie Cook 71% 1-year accuracy 56 / 79 met price target	23% upside $318	Buy Maintained	19 Dec 2024
Stifel Nathan Jones 65% 1-year accuracy 45 / 69 met price target	4% upside $268	Hold Maintained	11 Dec 2024
Citigroup Andrew Kaplowitz 61% 1-year accuracy 41 / 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 61% 1-year accuracy 62 / 101 met price target	4% upside $270	Equal-Weight Upgraded	5 Dec 2024