Illinois Tool Works (ITW)

• Market cap: $75.7B
• 1 day: 0.18%
• 5 days: 5.08%
• 1 month: -4.29%
• 3 months: -1.64%
• 6 months: 0.98%
• Year to date: 2.54%
• 1 year: 2.46%
• 5 years: 42.09%
• 10 years: 174.47%
• 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)

43% more first-time investments, than exits

New positions opened: 139 | Existing positions closed: 97

27% more call options, than puts

Call options by funds: $177M | Put options by funds: $140M

6% more capital invested

Capital invested by funds: $58.9B [Q2] → $62.7B (+$3.71B) [Q3]

1% more funds holding

Funds holding: 1,703 [Q2] → 1,720 (+17) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 13 [Q2] → 13 (+0) [Q3]

2.66% less ownership

Funds ownership: 83.32% [Q2] → 80.65% (-2.66%) [Q3]

14% less repeat investments, than reductions

Existing positions increased: 569 | Existing positions reduced: 665

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $250 2% downside
• Avg. target: $270 5% upside
• High target: $318 24% upside

8 analyst ratings

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

Citigroup Andrew Kaplowitz 66% 1-year accuracy 53 / 80 met price target	3% upside $265	Neutral Maintained	13 Jan 2025
Barclays Julian Mitchell 63% 1-year accuracy 70 / 111 met price target	3% upside $265	Equal-Weight Maintained	8 Jan 2025
Wells Fargo Joseph O'Dea 68% 1-year accuracy 21 / 31 met price target	2% downside $250	Underweight Maintained	7 Jan 2025
Truist Securities Jamie Cook 66% 1-year accuracy 57 / 86 met price target	24% upside $318	Buy Maintained	19 Dec 2024
Stifel Nathan Jones 65% 1-year accuracy 44 / 68 met price target	5% upside $268	Hold Maintained	11 Dec 2024