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ITW $249.54

ITW target price
249.54
0
243
Illinois Tool Works
Type
Public company
Traded as NYSE: ITW
S&P 500 Component
Industry Manufacturing
Founded 1912
Founder Byron L. Smith
Headquarters Glenview, Illinois, United States
Area served
Worldwide
Key people
E. Scott Santi (CEO)
Revenue IncreaseUS$13.6B (2016)
Operating income
IncreaseUS$3.064B (2016)
Net income
IncreaseUS$2.035B (2016)
Total assets DecreaseUS$15.201B (2016)
Total equity DecreaseUS$4.254B (2016)
Number of employees
50,000 (2016)
Website ITW.com

Illinois Tool Works Inc. or ITW is a Fortune 500 company that produces engineered fasteners and components, equipment and consumable systems, and specialty products. It was founded in 1912 by Byron L. Smith.

Today, it employs nearly 48,000 people in hundreds of businesses across 57 countries, and is based in Glenview, Illinois, a suburb of Chicago, Illinois.

In 2011, ITW had more than 20,000 unexpired patents and pending patent applications worldwide, including 2,900 U.S. patents and 1,116 pending U.S. applications. The company typically ranks in the top 100 of patent issuers in the U.S. It is ranked 414 on the Forbes Global 2,000.

Illinois Tool Works Ring carriers produce about 47% less emissions released into the atmosphere than paperboard cartons and about 36% less than shrink-film 6-pack packages. From taking a look at their activities, environmental coordinators were able to have certain products reformulated to less environmentally damaging products. Also, certain processes were amended to have a reduced environmental impact.The company took another look at the possibilities of reducing and recycling waste, maximizing the efficient use of natural resources, and delivering environmental awareness training to the whole of the work force. This last activity led to the creation of an Environmental Team comprising seven volunteers from the workforce to further environmental improvements and in March 2004 the Company received Green Dragon Level 5 Standard. The Political Economy Research Institute ranks ITW 100th among corporations emitting airborne pollutants in the United States. The ranking is based on the quantity (0.9 million pounds in 2005) and toxicity of the emissions.

The United States Department of Commerce imposed a $142,000 civil penalty on Illinois Tool Works in 2000, to settle allegations that the company illegally exported chemicals to Brazil on seven occasions between March 1994 and October 1997 without the required licenses and making false or misleading statements on Shipper's Export Declarations. Illinois Tool Works agreed to pay the penalty. $37,000 was suspended as part of the settlement. The chemicals exported can be used for commercial purposes and in the making of chemical weapons as well.

ITW comprises a number of companies and divisions. Notable brands include Miller Electric, DUO-FAST fasteners, Foster Refrigerator, and the Wolf Range Company.

The following is a list of ITW companies:

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2023 2022-10-26 Future report Set alerts
Q1 2023 2022-10-25 2.35 2.35
Q2 2023 2022-08-02 2.37 2.37
Q4 2022 2022-08-02 2.37 2.37
Q3 2022 2022-05-03 2.11 2.11
Q2 2022 2022-02-03 1.95 1.95
Q4 2021 2022-02-03 1.95 1.95
Q1 2022 2021-10-28 2.02 2.02
Q3 2021 2021-10-28 1.96 1.96
Q2 2021 2021-07-30 2.10 2.10

Ratings

2016-06-23 Downgrade Robert W. Baird Outperform to Neutral $108.00
2016-06-07 Reiterated Rating Oppenheimer Buy
2016-06-07 Reiterated Rating Oppenheimer Holdings Inc. Buy
2016-04-25 Boost Price Target Deutsche Bank Buy $104.00 to $116.00
2016-04-25 Boost Price Target Deutsche Bank AG Buy $104.00 to $116.00
2016-04-21 Reiterated Rating Seaport Global Securities Buy $105.00 to $125.00
2016-04-21 Boost Price Target Robert W. Baird Outperform $92.00 to $108.00
2016-04-21 Boost Price Target Argus Buy $102.00 to $120.00
2016-04-21 Reiterated Rating Morgan Stanley Equal Weight $101.00 to $104.00
2016-04-19 Reiterated Rating Oppenheimer Outperform
2016-04-17 Reiterated Rating Deutsche Bank Buy
2016-04-07 Boost Price Target Morgan Stanley $97.00 to $101.00
2016-03-31 Reiterated Rating Goldman Sachs Buy $110.00
2016-03-31 Reiterated Rating Goldman Sachs Group Inc. Buy $110.00
2016-03-02 Boost Price Target JPMorgan Chase & Co. Neutral $87.00 to $93.00
2016-01-28 Boost Price Target Barclays Equal Weight $95.00 to $100.00
2016-01-28 Lower Price Target BMO Capital Markets Outperform $110.00 to $105.00
2016-01-28 Boost Price Target Barclays PLC Equal Weight $95.00 to $100.00
2016-01-21 Initiated Coverage Citigroup Inc. Buy $98.00
2016-01-19 Boost Price Target Barclays Equal Weight $92.00 to $95.00
2016-01-14 Lower Price Target JPMorgan Chase & Co. $90.00 to $85.00
2016-01-13 Lower Price Target Credit Suisse $90.00 to $89.00
2016-01-13 Initiated Coverage Morgan Stanley Equal to Equal Weight $93.00
2016-01-13 Lower Price Target Credit Suisse Group AG $90.00 to $89.00
2016-01-11 Initiated Coverage Barclays Equal Weight to Equal Weight $92.00
2015-12-08 Boost Price Target Credit Suisse Neutral $87.00 to $90.00
2015-10-13 Lower Price Target RBC Capital $96.00 to $95.00
2015-10-13 Lower Price Target Royal Bank Of Canada $96.00 to $95.00
2015-10-09 Lower Price Target JPMorgan Chase & Co. $93.00 to $85.00
2015-10-07 Lower Price Target Morgan Stanley $93.00 to $86.00
2015-10-02 Lower Price Target Credit Suisse Neutral $90.00 to $87.00
2015-09-21 Lower Price Target RBC Capital $98.00 to $96.00
2015-09-03 Upgrade Goldman Sachs Neutral to Buy $99.00
2015-08-25 Reiterated Rating Deutsche Bank Buy $102.00
2015-07-23 Boost Price Target BMO Capital Markets Outperform $111.00 to $112.00
2015-06-23 Set Price Target Jefferies Group Buy $110.00
2015-04-22 Boost Price Target Argus Buy $105.00 to $107.00
2015-04-17 Lower Price Target Barclays Equal Weight $102.00 to $101.00
2015-01-28 Lower Price Target Barclays Equal Weight $103.00 to $102.00
2015-01-28 Boost Price Target Argus Buy $102.00 to $105.00
2015-01-16 Boost Price Target Jefferies Group Buy $100.00 to $110.00
2014-12-08 Upgrade Global Hunter Securities Accumulate to Buy $92.00 to $111.00
2014-12-08 Boost Price Target Barclays Equal Weight $93.00 to $103.00
2014-12-08 Boost Price Target Stifel Nicolaus Buy $95.00 to $110.00
2014-12-08 Upgrade Seaport Global Securities Accumulate to Buy $92.00 to $111.00
2014-11-24 Initiated Coverage RBC Capital Sector Perform $100.00
2014-10-13 Reiterated Rating Barclays Equal Weight $95.00 to $93.00
2014-09-11 Initiated Coverage Northcoast Research Neutral
2014-09-10 Boost Price Target FBR & Co. Outperform $97.00 to $105.00
2014-09-10 Boost Price Target FBR & Co Outperform $97.00 to $105.00
2014-08-07 Upgrade Evercore ISI Neutral to Buy $90.00 to $92.00
2014-07-09 Upgrade Argus Hold to Buy $102.00
2014-05-15 Reiterated Rating Credit Suisse Neutral $68.00
2014-05-15 Reiterated Rating Jefferies Group Buy $98.00
2014-05-13 Initiated Coverage JPMorgan Chase & Co. Underweight to Neutral $86.00
2014-04-23 Reiterated Rating Barclays Equal Weight $95.00
2014-04-23 Reiterated Rating Citigroup Inc. Hold $93.00
2014-04-23 Boost Price Target Jefferies Group Buy $98.00
2014-04-23 Reiterated Rating Stifel Nicolaus Buy $90.00 to $95.00
2014-02-24 Upgrade Evercore ISI Neutral $82.00
2014-01-29 Upgrade BMO Capital Markets Market Perform to Outperform $88.00 to $100.00
2014-01-13 Boost Price Target Barclays Equal Weight $81.00 to $91.00
2013-12-31 Boost Price Target FBR & Co. Outperform $90.00 to $97.00
2013-10-23 Boost Price Target Robert W. Baird Outperform $80.00 to $82.00
2013-10-23 Boost Price Target Morgan Stanley Underweight $71.00 to $74.00
2013-10-23 Boost Price Target Jefferies Group Buy $85.00 to $90.00
2013-10-23 Boost Price Target Global Hunter Securities Accumulate $80.00 to $85.00
2013-10-23 Boost Price Target Credit Suisse Neutral $69.00 to $77.00
2013-10-23 Boost Price Target Barclays Equal Weight $77.00 to $81.00
2013-10-22 Reiterated UBS Neutral $70 to $77
2013-10-22 Reiterated Rating Citigroup Inc. Hold $80.00
2013-10-16 Boost Price Target BMO Capital Markets Market Perform $77.00 to $81.00
2013-09-25 Reiterated Rating Citigroup Inc. Neutral $75.00 to $80.00
2013-09-25 Boost Price Target Stifel Nicolaus Buy $78.00 to $83.00
2013-08-22 Reiterated FBR Capital Outperform $80 to $85
2013-05-31 Reiterated FBR Capital Outperform $70 to $80
2012-09-12 Reiterated FBR Capital Outperform $66 to $70
2012-07-25 Reiterated Barrington Research Outperform $65 to $60
2012-01-17 Downgrade Standpoint Research Buy to Hold
2011-05-11 Reiterated Barrington Research Outperform $60 to $80
2016-06-23 Downgrade Robert W. Baird Outperform to Neutral $108.00
2016-06-07 Reiterated Rating Oppenheimer Buy
2016-06-07 Reiterated Rating Oppenheimer Holdings Inc. Buy
2016-04-25 Boost Price Target Deutsche Bank Buy $104.00 to $116.00
2016-04-25 Boost Price Target Deutsche Bank AG Buy $104.00 to $116.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
MCCORMACK ROBERT C 0.97%  (3834268) ITW /
SMITH HAROLD B Emeritus Director 0.14%  (571692) ITW /
SMITH DAVID BYRON JR 0.03%  (112592) ITW / NTRS /
SANTI ERNEST SCOTT President & CEO 0.03%  (104649) GWW / ITW /
MORRISON ROBERT S 0.03%  (99741) AON / ITW / MMM /
DAVIS DON H JR 0.01%  (55527) ITW /
CROWN SUSAN 0.01%  (47907) ITW / NTRS /
SKINNER JAMES A 0.01%  (46908) HPQ / ITW / WAG /
MARTINDALE STEVEN L Executive Vice President 0.01%  (33126) ITW /
HINDMAN CRAIG A Executive Vice President 0.01%  (31764) ITW / ROCK /
STROBEL PAMELA B 0.01%  (30565) ITW / UFS /
MARTEL ROLAND M Executive Vice President 0.01%  (29445) ITW /
NAGARAJAN SUNDARAM Executive Vice President 0.01%  (26303) ITW / SON /
VALLS JUAN Executive Vice President 0.01%  (24430) ITW /
O'HERLIHY CHRISTOPHER A Executive Vice President 0.01%  (22756) ITW / MAS /
Williams Anre D 0.01%  (20745) AXP / ITW /