ITW Illinois Tool Works
Illinois Tool Works, Inc. manufactures industrial products and equipment. It operates through the following segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products, and Specialty Products. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Test & Measurement and Electronics segment manufactures equipment, consumables, and related software for testing and measuring of materials, structures, gases and fluids. The Food Equipment segment supplies commercial food equipment and provides related services. The Polymers & Fluids segment provides adhesives, sealants, lubrication and cutting fluids, janitorial and hygiene products, and fluids and polymers for auto aftermarket maintenance and appearance. The Welding segment furnishes arc welding equipment, consumables and accessories for a wide array of industrial and commercial applications. The Construction Products segment makes construction fastening systems and truss products. The Specialty Products segment manufacturing beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. The company was founded by Byron L. Smith in 1912 and is headquartered in Glenview, IL.
Company profile
Ticker
ITW
Exchange
Website
CEO
Ernest Santi
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
361258310
ITW stock data
()
News
Earnings Outlook For Illinois Tool Works
29 Jul 21
Analyst Ratings For Illinois Tool Works
14 Jul 21
Deutsche Bank Maintains Hold on Illinois Tool Works, Raises Price Target to $238
14 Jul 21
Benzinga's Top Ratings Upgrades, Downgrades For May 26, 2021
26 May 21
10 Biggest Price Target Changes For Wednesday
26 May 21
Calendar
6 May 21
29 Jul 21
31 Dec 21
Financial summary
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Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
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Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Financial data from company earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 2.48B | 2.48B | 2.48B | 2.48B | 2.48B | 2.48B |
| Cash burn (monthly) | 26.67M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
| Cash used (since last report) | 105.58M | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 2.38B | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 89.2 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 7 May 21 | Crown Susan | Common Stock | Grant | Aquire A | No | No | 238.28 | 713 | 169.89K | 52,899.14 |
| 7 May 21 | Brutto Daniel J | Common Stock | Grant | Aquire A | No | No | 238.28 | 783 | 186.57K | 18,684 |
| 7 May 21 | Lenny Richard H | Common Stock | Grant | Aquire A | No | No | 238.28 | 713 | 169.89K | 16,366 |
| 7 May 21 | Griffith James W | Common Stock | Grant | Aquire A | No | No | 238.28 | 854 | 203.49K | 18,359 |
Institutional ownership Q1 2021
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
77.7% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 1452 |
| Opened positions | 118 |
| Closed positions | 103 |
| Increased positions | 511 |
| Reduced positions | 522 |
13F shares |
Current |
|---|---|
| Total value | 54.38B |
| Total shares | 245.44M |
| Total puts | 458.21K |
| Total calls | 1.08M |
| Total put/call ratio | 0.4 |
Largest owners |
Shares | Value |
|---|---|---|
| Briar Hall Management | 25.83M | $5.72B |
| Vanguard | 25.41M | $5.63B |
| State Farm Mutual Automobile Insurance | 21.81M | $4.83B |
| BLK Blackrock | 20.26M | $4.49B |
| STT State Street | 13.1M | $2.92B |
| NTRS Northern Trust | 12.61M | $2.79B |
| WFC Wells Fargo & Co. | 7.5M | $1.66B |
| Capital Research Global Investors | 7.19M | $1.59B |
| Massachusetts Financial Services | 7.13M | $1.58B |
| Charles Schwab Investment Management | 4.89M | $1.08B |
Financial report summary
?Competition
Dover • Lincoln Electric • Middleby • Hillman Companies • Cool • John Bean Technologies • WelbiltManagement 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
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| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
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New words:
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Removed:
adversely, agenda, aggressively, approved, April, assessment, authoritative, avoided, beginning, breadth, calculating, classified, commit, created, criteria, deal, decision, deem, depend, deteriorate, determine, discretionary, disposal, dispose, disrupt, disrupted, disruption, divest, document, eliminated, elimination, entitled, evolve, exit, expiration, extendedly, extension, FASB, force, forced, functioning, funding, generally, guarantee, hardship, heavy, historical, II, incurred, January, job, life, longer, manage, methodology, plan, predict, predicted, present, presently, procure, prospectively, protracted, quantify, quarantine, quickly, recover, resilience, sale, seek, sheet, shortage, significance, size, staying, suspend, ultimate, unable, uncertainty, unprecedented, volatility, widespread, workforce
Financial reports
10-Q
2021 Q1
Quarterly report
6 May 21
10-K
2020 FY
Annual report
12 Feb 21
10-Q
2020 Q3
Quarterly report
29 Oct 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2019 Q3
Quarterly report
7 May 20
10-K
2019 FY
Annual report
14 Feb 20
10-Q
2019 Q3
Quarterly report
28 Oct 19
10-Q
2019 Q2
Quarterly report
1 Aug 19
10-Q
2019 Q1
Quarterly report
2 May 19
10-K
2018 FY
Annual report
15 Feb 19
Current reports
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
8-K
Departure of Directors or Certain Officers
26 Feb 21
8-K
Departure of Directors or Certain Officers
17 Feb 21
8-K
ITW Reports Fourth Quarter and Full Year 2020 Results
5 Feb 21
8-K
Itw to Acquire MTS Test & Simulation
19 Jan 21
8-K
ITW Reports Third Quarter 2020 Results
23 Oct 20
8-K
ITW Reports Second Quarter 2020 Results
31 Jul 20
8-K
Departure of Directors or Certain Officers
13 May 20
Registration and prospectus
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
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
FWP
Free writing prospectus
30 Oct 16
S-3ASR
Automatic shelf registration
6 Aug 15
Proxies
DEFA14A
Additional proxy soliciting materials
26 Mar 21
DEF 14A
Definitive proxy
26 Mar 21
DEFA14A
Additional proxy soliciting materials
7 Apr 20
DEFA14A
Additional proxy soliciting materials
27 Mar 20
DEF 14A
Definitive proxy
27 Mar 20
DEFA14A
Additional proxy soliciting materials
22 Mar 19
DEF 14A
Definitive proxy
22 Mar 19
DEF 14A
Definitive proxy
22 Mar 18
DEFA14A
Additional proxy soliciting materials
22 Mar 18
DEF 14A
Definitive proxy
23 Mar 17
Other
SD
Conflict minerals disclosure
1 Jun 21
SD
Conflict minerals disclosure
28 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
30 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
30 May 16
NO ACT
No action letter
11 Feb 16
CERTNYS
Certification of approval for NYSE listing
16 Jun 15
SD
Conflict minerals disclosure
31 May 15
NO ACT
No action letter
5 Feb 15
Ownership
11-K
Annual report of employee stock purchases
25 Jun 21
11-K
Annual report of employee stock purchases
25 Jun 21
4
ILLINOIS TOOL WORKS / Jay L Henderson ownership change
11 May 21
4
ILLINOIS TOOL WORKS / Anre D Williams ownership change
11 May 21
4
ILLINOIS TOOL WORKS / KEVIN M WARREN ownership change
11 May 21
4
ILLINOIS TOOL WORKS / PAMELA B STROBEL ownership change
11 May 21
4
ILLINOIS TOOL WORKS / DAVID BYRON SMITH JR ownership change
11 May 21
4
ILLINOIS TOOL WORKS / RANDALL J SCHEUNEMAN ownership change
11 May 21
4
ILLINOIS TOOL WORKS / RICHARD H LENNY ownership change
11 May 21
4
ILLINOIS TOOL WORKS / JAMES W GRIFFITH ownership change
11 May 21
Patents
APP
Utility
Load Bearing Surface with Kinetic Energy Management Fabric
29 Jul 21
A load bearing surface includes a woven fabric surface and a carrier (18) overmolded onto the fabric surface.
APP
Utility
Dishwasher In the Form of a Commercial Utensil Washer or Dishwasher Which Is Designed As a Batch Dishwasher
29 Jul 21
A dishwasher (1) in the form of a commercial utensil washer or dishwasher which is designed as a batch dishwasher and is realized as a hood-type dishwasher, wherein the dishwasher (1) has a treatment chamber (2) with at least one wash system which is designed as a recirculation system, wherein the treatment chamber (2) has a first treatment zone (6) and at least one further, second treatment zone (7), wherein items of washware can be treated independently of one another and at least temporarily at the same time in the first and in the at least one second treatment zone (6, 7).
APP
Utility
CHILD DETERRENT ZIPPER CLOSURE (as amended)
29 Jul 21
The present disclosure relates to resealable zippers or reclosures for flexible packaging which is child-deterrent or child-resistant.
APP
Utility
Fastener Assembly
29 Jul 21
A fastener assembly of the present disclosure includes a grommet including a head having a through-hole formed therein and at least one leg extending downward from the head; and a pin configured with a head and a shaft inserted into the grommet.
APP
Utility
Snap-fit Lighting Attachments for Use In Conjunction with Magnetization Equipment During Non-destructive Testing (NDT)
29 Jul 21
Systems and methods are provided for implementing and utilizing lighting attachments for use in conjunction with handheld magnetization equipment during non-destructive testing (NDT).
Transcripts
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
2019 Q4
Earnings call transcript
31 Jan 20
2019 Q3
Earnings call transcript
25 Oct 19
2019 Q2
Earnings call transcript
26 Jul 19
2019 Q1
Earnings call transcript
25 Apr 19
2018 Q4
Earnings call transcript
1 Feb 19
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