Skip to Content
Morningstar

Illinois Tool Works Inc ITW

Morningstar Rating
Unlock
Stock XNYS Rating as of
$243.65 +1.58 (0.65%)
View Full Chart
As of Cboe BZX Real-Time Price Open
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

ITW Earnings: Resilient First Quarter Despite Difficult Demand Environment

David Whiston,

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.

Read Full Report

Price vs Fair Value

View History
ITW is trading at a 13% premium.
Price
$242.04
Fair Value
$337.00
Uncertainty
Medium
1-Star Price
$964.10
5-Star Price
$278.10
Economic Moat
Rcddky
Capital Allocation
Xwnknfgzdf

Bulls Say, Bears Say

Bulls

ITW has institutionalized a winning entrepreneurial culture that empowers its people, focuses on its most important customers, and emphasizes efficiency.

Bears

ITW may struggle to replicate its past success, given slowing organic growth in the niche markets it serves.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if ITW is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$242.07
Day Range
$241.37–244.48
52-Week Range
$217.15–271.21
Bid/Ask
$243.60 / $243.78
Market Cap
$72.79 Bil
Volume/Avg
476,198 / 1.3 Mil

Key Statistics

Price/Earnings (Normalized)
24.65
Price/Sales
4.55
Dividend Yield (Trailing)
2.27%
Dividend Yield (Forward)
2.31%
Total Yield
4.27%

Company Profile

Illinois Tool Works is a diversified global manufacturer that produces specialized industrial equipment, consumables, and related services. The firm operates 84 global divisions through seven distinct operating segments: automotive OEM, construction products, food equipment, specialty products, test/measurement and electronics, polymers and fluids, and welding. About half of its revenue comes from its operations in North America, with the remainder originating from international markets. Europe, the Middle East, and Africa is the next largest contributor at about 25% of revenue. ITW takes a bottom-up and decentralized approach to portfolio management, with the exception that each segment must apply its 80/20 operating process modeled on the Pareto principle.
Sector
Industrials
Industry
Specialty Industrial Machinery
Stock Style Box
Large Core
Total Number of Employees
45,000
Website
https://www.itw.com

Competitors

Valuation

View More
Metric
ITW
DD
MMM
Price/Earnings (Normalized)
 24.6522.8310.19
Price/Book Value
 23.921.3911.19
Price/Sales
 4.552.891.67
Price/Cash Flow
 21.7715.019.27
Price/Earnings
ITW
DD
MMM

Financial Strength

Metric
ITW
DD
MMM
Quick Ratio
 0.871.421.19
Current Ratio
 1.322.331.64
Interest Coverage
 15.161.72−7.27
Quick Ratio
ITW
DD
MMM

Profitability

Metric
ITW
DD
MMM
Return on Assets (Normalized)
 19.30%3.84%10.67%
Return on Equity (Normalized)
 98.30%6.07%71.61%
Return on Invested Capital (Normalized)
 28.19%5.18%23.61%
Return on Assets
ITW
DD
MMM
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Specialty Industrial Machinery Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
SIEGY
Siemens AG ADRYxnprjystbRrq$148.3 Bil
ETN
Eaton Corp PLCFddqdqvqTqtfs$124.8 Bil
PH
Parker Hannifin CorpJzbydggkQmdjy$68.1 Bil
EMR
Emerson Electric CoJwycqtctXgsr$60.9 Bil
CMI
Cummins IncQrmdflnmfCmhrb$38.8 Bil
IR
Ingersoll Rand IncVblplgjljVmvyyv$37.5 Bil
OTIS
Otis Worldwide Corp Ordinary SharesTsylbvjDtts$37.0 Bil
XYL
Xylem IncXqjgpyjrrBdskhmj$33.0 Bil
ROK
Rockwell Automation IncMjdwsdvGnzk$30.9 Bil

Sponsor Center