Wells Fargo & Company Cuts Illinois Tool Works (NYSE:ITW) Price Target to $245.00

04 Apr 2026, 08:25 by Sarita Garza · The Markets Daily

Illinois Tool Works (NYSE:ITW – Free Report) had its price objective cut by Wells Fargo & Company from $270.00 to $245.00 in a report published on Wednesday morning,Benzinga reports. They currently have an underweight rating on the industrial products company’s stock.

Several other analysts have also recently issued reports on the stock. Robert W. Baird set a $278.00 price target on shares of Illinois Tool Works in a report on Wednesday, February 4th. The Goldman Sachs Group reissued a “sell” rating and issued a $253.00 target price on shares of Illinois Tool Works in a research report on Tuesday, February 3rd. Citigroup upped their target price on shares of Illinois Tool Works from $271.00 to $284.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Finally, Wolfe Research boosted their price objective on Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a report on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Illinois Tool Works presently has an average rating of “Reduce” and an average target price of $271.85.

Check Out Our Latest Stock Analysis on Illinois Tool Works

Illinois Tool Works Price Performance

Shares of NYSE ITW opened at $258.38 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 2.07. Illinois Tool Works has a fifty-two week low of $214.66 and a fifty-two week high of $303.15. The business has a 50 day moving average price of $276.65 and a two-hundred day moving average price of $260.40. The firm has a market cap of $74.43 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 13.82 and a beta of 1.13.

Illinois Tool Works (NYSE:ITW – Get Free Report) last announced its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.03. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.Illinois Tool Works’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Sell-side analysts expect that Illinois Tool Works will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is 61.39%.

Insiders Place Their Bets

In other news, EVP Axel Beck sold 4,223 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $290.22, for a total value of $1,225,599.06. Following the transaction, the executive vice president directly owned 5,789 shares in the company, valued at approximately $1,680,083.58. This trade represents a 42.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the completion of the transaction, the director directly owned 258,766 shares of the company’s stock, valued at $75,282,792.38. This trade represents a 39.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by corporate insiders.

Institutional Trading of Illinois Tool Works

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Corsicana & Co. bought a new stake in shares of Illinois Tool Works in the 3rd quarter worth approximately $26,000. Cresta Advisors Ltd. bought a new position in Illinois Tool Works during the 4th quarter worth $25,000. Motiv8 Investments LLC acquired a new stake in Illinois Tool Works in the fourth quarter worth $27,000. Kemnay Advisory Services Inc. bought a new stake in Illinois Tool Works in the fourth quarter valued at $27,000. Finally, Lodestone Wealth Management LLC bought a new stake in Illinois Tool Works in the fourth quarter valued at $28,000. 79.77% of the stock is currently owned by institutional investors and hedge funds.

About Illinois Tool Works

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Illinois Tool Works Inc (ITW) is a diversified industrial manufacturer that designs and produces a broad array of engineered products, consumables and related service solutions for industrial customers. Its offerings span engineered fastening systems, specialty components, industrial equipment, welding products, foodservice and packaging equipment, adhesives and polymer products, and test-and-measurement technologies. These products are used as critical inputs by customers across automotive, construction, electronics, foodservice, maintenance and other industrial end markets.