Illinois Tool Works Inc. (ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $12.6 billion in 2020. The company's seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW's approximately 43,000 dedicated colleagues around the world thrive in the company's decentralized and entrepreneurial culture.

Company profile
Ticker
ITW
Exchange
Website
CEO
Ernest Santi
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
A V Co • Accessories Marketing Holding Corp. • ACCU-LUBE Manufacturing GmbH • Advanced Molding Company, Inc. • AIP/BI Holdings, Inc. • Allen France SAS • Alpine Systems Corporation • Anaerobicos S.r.l. • AppliChem GmbH • Avery India Limited ...
IRS number
361258310
ITW stock data
News

Benzinga's Top Ratings Upgrades, Downgrades For August 15, 2022
15 Aug 22
U.S. Stock Futures Lower After S&P 500, Nasdaq Record Gains For 4th Consecutive Week
15 Aug 22
Deutsche Bank Downgrades Illinois Tool Works to Sell, Announces $188 Price Target
15 Aug 22
Where Illinois Tool Works Stands With Analysts
3 Aug 22
Morgan Stanley Maintains Underweight on Illinois Tool Works, Raises Price Target to $191
3 Aug 22
Analyst ratings and price targets
Current price
Average target
$193.00
Low target
$163.00
High target
$229.00
Deutsche Bank
Downgraded
$188.00
Morgan Stanley
Maintains
$191.00
Credit Suisse
Maintains
$229.00
Wells Fargo
Maintains
$187.00
Citigroup
Maintains
$210.00
Stifel
Maintains
$163.00
Jefferies
Maintains
$195.00
JP Morgan
Maintains
$215.00
Barclays
Maintains
$167.00
UBS
Downgraded
$185.00
Calendar
4 Aug 22
16 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
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Operating income | |||||
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Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 879M | 879M | 879M | 879M | 879M | 879M |
Cash burn (monthly) | 139M | 98.25M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 218.29M | 154.29M | n/a | n/a | n/a | n/a |
Cash remaining | 660.71M | 724.71M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 4.8 | 7.4 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Aug 22 | Brutto Daniel J | Common Stock | Grant | Acquire A | No | No | 210.76 | 80 | 16.86K | 20,013 |
5 Aug 22 | Darrell L Ford | Common Stock | Grant | Acquire A | No | No | 210.76 | 160 | 33.72K | 2,408 |
5 Aug 22 | Smith David Byron JR | Common Stock | Grant | Acquire A | No | No | 210.76 | 177 | 37.3K | 118,820 |
11 May 22 | Lei Zhang Schlitz | Common Stock | Sell | Dispose S | No | No | 205.34 | 1,000 | 205.34K | 7,803 |
6 May 22 | Crown Susan | Common Stock | Grant | Acquire A | No | No | 209.27 | 812 | 169.93K | 54,045.22 |
Institutional ownership, Q1 2022
80.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1513 |
Opened positions | 103 |
Closed positions | 146 |
Increased positions | 547 |
Reduced positions | 518 |
13F shares | Current |
---|---|
Total value | 51.46B |
Total shares | 247.92M |
Total puts | 402.42K |
Total calls | 353.2K |
Total put/call ratio | 1.1 |
Largest owners | Shares | Value |
---|---|---|
Briar Hall Management | 25.83M | $5.41B |
Vanguard | 25.65M | $5.37B |
BLK Blackrock | 21.94M | $4.59B |
State Farm Mutual Automobile Insurance | 21.03M | $4.4B |
NTRS Northern Trust | 13.05M | $2.73B |
STT State Street | 12.63M | $2.66B |
WFC Wells Fargo & Co. | 7.56M | $1.58B |
Massachusetts Financial Services | 6.72M | $1.41B |
Charles Schwab Investment Management | 5.9M | $1.24B |
Wellington Management | 5.55M | $1.16B |
Financial report summary
?Competition
Dover • Lincoln Electric • Middleby • Hillman Companies • Cool • John Bean Technologies • Welbilt • Hillman SolutionsManagement Discussion
- Segments are allocated a fixed overhead charge based on the segment's revenue. Expenses not charged to the segments are reported separately as Unallocated. Because the Unallocated category includes a variety of items, it is subject to fluctuations on a quarterly and annual basis.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
beginning, dispose, hygiene, plan, recession, thermal, wind
Removed:
mining
Financial reports
Current reports
8-K
ITW Reports Second Quarter 2022 Results
2 Aug 22
8-K
Submission of Matters to a Vote of Security Holders
12 May 22
8-K
ITW Reports First Quarter 2022 Results
3 May 22
8-K
ITW Reports Fourth Quarter and Full Year 2021 Results
3 Feb 22
8-K
Departure of Directors or Certain Officers
15 Dec 21
8-K
ITW Reports Third Quarter 2021 Results
28 Oct 21
8-K
ITW Reports Second Quarter 2021 Results
30 Jul 21
8-K/A
Departure of Directors or Certain Officers
10 Jun 21
8-K
Submission of Matters to a Vote of Security Holders
13 May 21
8-K
ITW Reports Record First Quarter 2021 Results
30 Apr 21
Registration and prospectus
25-NSE
Exchange delisting
22 Feb 22
S-3ASR
Automatic shelf registration
7 Aug 20
8-A12B
Registration of securities on exchange
5 Jun 19
424B5
Prospectus supplement for primary offering
30 May 19
FWP
Free writing prospectus
29 May 19
424B5
Prospectus supplement for primary offering
29 May 19
POSASR
Automatic shelf registration (post-effective amendment)
3 Aug 17
S-3ASR
Automatic shelf registration
3 Aug 17
424B5
Prospectus supplement for primary offering
31 Oct 16
424B5
Prospectus supplement for primary offering
30 Oct 16
Proxies
DEFA14A
Additional proxy soliciting materials
25 Mar 22
DEFA14A
Additional proxy soliciting materials
26 Mar 21
DEFA14A
Additional proxy soliciting materials
7 Apr 20
DEFA14A
Additional proxy soliciting materials
27 Mar 20
DEFA14A
Additional proxy soliciting materials
22 Mar 19
DEF 14A
Definitive proxy
22 Mar 18
Other
SD
Conflict minerals disclosure
31 May 22
UPLOAD
Letter from SEC
23 Jan 22
CORRESP
Correspondence with SEC
14 Dec 21
UPLOAD
Letter from SEC
1 Dec 21
CORRESP
Correspondence with SEC
5 Oct 21
UPLOAD
Letter from SEC
27 Sep 21
SD
Conflict minerals disclosure
1 Jun 21
SD
Conflict minerals disclosure
28 May 20
CERT
Certification of approval for exchange listing
5 Jun 19
SD
Conflict minerals disclosure
31 May 19
Ownership
4
ILLINOIS TOOL WORKS / DAVID BYRON SMITH JR ownership change
8 Aug 22
4
ILLINOIS TOOL WORKS / Darrell L Ford ownership change
8 Aug 22
4
ILLINOIS TOOL WORKS / Daniel J Brutto ownership change
8 Aug 22
11-K
Annual report of employee stock purchases
27 Jun 22
11-K
Annual report of employee stock purchases
27 Jun 22
4
ILLINOIS TOOL WORKS / Lei Zhang Schlitz ownership change
13 May 22
4
ILLINOIS TOOL WORKS / Anre D Williams ownership change
10 May 22
4
ILLINOIS TOOL WORKS / PAMELA B STROBEL ownership change
10 May 22
4
ILLINOIS TOOL WORKS / DAVID BYRON SMITH JR ownership change
10 May 22
4
ILLINOIS TOOL WORKS / RICHARD H LENNY ownership change
10 May 22
Patents
Design
Nail gun
16 Aug 22
Inventors: Jean-Luc Simonin
Design
Handheld jig for guiding driving of a fastener or tool
16 Aug 22
Inventors: Bernard Joseph Kennelly
Design
Blank foldable to form a handheld jig for guiding driving of a fastener or tool
16 Aug 22
Inventors: Bernard Joseph Kennelly
Utility
Mixing machine with mixer bowl support slideway system
16 Aug 22
A mixing machine includes a mixer body, a head extending from the mixer body and including a rotatable output member for receiving a mixer tool and a bowl support mounted to the mixer body and positioned below the head.
Utility
Compressor assembly comprising a beaded cylindrical cam
16 Aug 22
The invention relates to a compressor assembly for supplying pressure medium to a tire cavity of a vehicle wheel that can be mounted on a wheel hub which can be mounted on a wheel carrier so as to be rotatable about an axis of rotation.
Transcripts
2022 Q2
Earnings call transcript
2 Aug 22
2022 Q1
Earnings call transcript
3 May 22
2021 Q4
Earnings call transcript
3 Feb 22
2021 Q3
Earnings call transcript
28 Oct 21
2021 Q2
Earnings call transcript
30 Jul 21
2021 Q1
Earnings call transcript
30 Apr 21
2020 Q4
Earnings call transcript
5 Feb 21
2020 Q3
Earnings call transcript
23 Oct 20
2020 Q2
Earnings call transcript
31 Jul 20
2020 Q1
Earnings call transcript
5 May 20
Reddit threads
What should I add next ? Or should I increase positions?
15 Aug 22
Do others feel the same way?
10 Aug 22
Looking for value stocks that are undergoing a transformation...
8 Aug 22
SCHD Component and Dividend King Illinois Tool Works ($ITW) increases quarterly dividend by 7%
5 Aug 22
Daily Discussion Thread - August 2nd, 2022
2 Aug 22
Daily Discussion Thread - August 1st, 2022
1 Aug 22
Earnings for the first week of August 2022! Expect plenty of oil/gas, fertilizer, pharma, semiconductors, restaurants, and more!
31 Jul 22
Why so many SCHD posts?
26 Jul 22
What are some stocks you wouldn't have bought in 2021 but now are considering
10 Jul 22
What are you planning to buy now?
6 Jul 22