What is Seaport Res Ptn’s Forecast for ITW Q4 Earnings?

Illinois Tool Works Inc. (NYSE:ITW) – Research analysts at Seaport Res Ptn lowered their Q4 2024 earnings per share estimates for shares of Illinois Tool Works in a note issued to investors on Monday, November 4th. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will earn $2.53 per share for the quarter, down from their previous estimate of $2.65. The consensus estimate for Illinois Tool Works’ current full-year earnings is $10.75 per share. Seaport Res Ptn also issued estimates for Illinois Tool Works’ Q1 2025 earnings at $2.48 EPS, Q2 2025 earnings at $2.64 EPS, Q4 2025 earnings at $2.72 EPS and FY2025 earnings at $10.55 EPS.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.12. The company had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $4.02 billion. Illinois Tool Works had a net margin of 21.66% and a return on equity of 97.06%. Illinois Tool Works’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.55 earnings per share.

A number of other equities analysts also recently commented on the stock. Robert W. Baird boosted their target price on shares of Illinois Tool Works from $240.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Truist Financial increased their target price on shares of Illinois Tool Works from $281.00 to $312.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Argus raised shares of Illinois Tool Works to a “strong-buy” rating in a report on Wednesday, July 31st. Stifel Nicolaus increased their price objective on Illinois Tool Works from $260.00 to $262.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Finally, StockNews.com upgraded Illinois Tool Works from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $256.40.

Illinois Tool Works Trading Up 1.0 %

Shares of NYSE ITW opened at $266.43 on Wednesday. Illinois Tool Works has a 1-year low of $227.66 and a 1-year high of $271.15. The business has a fifty day moving average price of $256.24 and a 200 day moving average price of $247.61. The stock has a market capitalization of $78.68 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 3.84 and a beta of 1.10. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.36 and a quick ratio of 0.97.

Illinois Tool Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Tuesday, December 31st. Illinois Tool Works’s payout ratio is 51.90%.

Institutional Investors Weigh In On Illinois Tool Works

Large investors have recently bought and sold shares of the company. Norden Group LLC increased its stake in shares of Illinois Tool Works by 30.6% in the first quarter. Norden Group LLC now owns 1,738 shares of the industrial products company’s stock worth $466,000 after acquiring an additional 407 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Illinois Tool Works by 8.5% in the 1st quarter. Nordea Investment Management AB now owns 29,393 shares of the industrial products company’s stock valued at $7,884,000 after buying an additional 2,312 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Illinois Tool Works in the first quarter worth about $1,147,000. Avidian Wealth Solutions LLC grew its holdings in Illinois Tool Works by 71.4% during the first quarter. Avidian Wealth Solutions LLC now owns 1,404 shares of the industrial products company’s stock worth $377,000 after acquiring an additional 585 shares during the period. Finally, Catalina Capital Group LLC acquired a new position in Illinois Tool Works in the first quarter valued at approximately $260,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

About Illinois Tool Works

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.