Illinois Tool Works Inc
ITW: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $838.00 | Rqqvpn | Gvthzkgzs |
ITW Earnings: Resilient First Quarter Despite Difficult Demand Environment
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Narrow-moat Illinois Tool Works reported solid first-quarter results on April 30 as the company reported growth in line with market expectations while generating adjusted EPS (excluding an accounting change) growth of 5% year over year to $2.44, beating the LSEG consensus of $2.36. We have increased our fair value estimate to $214 per share from $211 per share, on the time value of money and on management raising full-year 2024 GAAP EPS guidance to $10.30-$10.70 from $10.00-$10.40.