Illinois Tool Works (ITW)

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

NYSE

Website

www.itw.com

CEO

Ernest Santi

Incorporated

Delaware

Location

Illinois

Fiscal year end

Dec 31

Sector

Manufacturing > All Other Miscellaneous General Purpose Machinery Manufacturing

Industry (SIC)

General Industrial Machinery & Equipment

Gates Industrial • Zurn Elkay Water Solutions • Ingersoll-Rand • Zebra Technologies • Twin Disc • Graham • Seychelle Environmental • Greenland Technologies Holding • Ingersoll Rand • Enerflex ...

SEC CIK

0000049826

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

News

From Benzinga Pro

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

Pre-open movers

Deutsche Bank Downgrades Illinois Tool Works to Sell, Announces $188 Price Target

15 Aug 22

Deutsche Bank analyst Nicole Deblase downgrades Illinois Tool Works (NYSE:ITW) from Hold to Sell and announces $188 price target.

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

Press releases

From Benzinga Pro

ITW Board of Directors Approves Dividend Rate Increase

5 Aug 22

GLENVIEW, Ill., Aug. 05, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Illinois Tool Works Inc. (NYSE:ITW) authorized a seven percent increase to the dividend payout to shareholders, representing a quarterly

ITW Schedules Second Quarter 2022 Earnings Webcast

13 Jul 22

GLENVIEW, Ill., July 13, 2022 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE:ITW) will issue its second quarter 2022 results on Tuesday, August 2, 2022 at 7:00 a.m. CDT. Following the release, ITW will hold its

Analyst ratings and price targets

Last 3 months

Average target

$193.00

Low target

$163.00

High target

$229.00

Calendar

4 Aug 22

16 Aug 22

31 Dec 22

Financial summary

Financial statements Chart ITW financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
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

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

ITW insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

ITW institutional ownership history Ownership history

80.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1513	1556	-2.8%
Opened positions	103	215	-52.1%
Closed positions	146	110	+32.7%
Increased positions	547	505	+8.3%
Reduced positions	518	520	-0.4%

13F shares	Current	Prev Q	Change
Total value	51.46B	61.86B	-16.8%
Total shares	247.92M	250.95M	-1.2%
Total puts	402.42K	778.89K	-48.3%
Total calls	353.2K	942.75K	-62.5%
Total put/call ratio	1.1	0.8	+37.9%

Largest owners	Shares	Value	Change
Briar Hall Management	25.83M	$5.41B	0.0%
Vanguard	25.65M	$5.37B	-0.2%
BLK Blackrock	21.94M	$4.59B	+1.9%
State Farm Mutual Automobile Insurance	21.03M	$4.4B	0.0%
NTRS Northern Trust	13.05M	$2.73B	-0.3%
STT State Street	12.63M	$2.66B	-3.1%
WFC Wells Fargo & Co.	7.56M	$1.58B	+6.3%
Massachusetts Financial Services	6.72M	$1.41B	-0.3%
Charles Schwab Investment Management	5.9M	$1.24B	+5.9%
Wellington Management	5.55M	$1.16B	+27.3%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0	-3.02M	EXIT
CFS Investment Advisory Services	2.06M	+2.05M	+20901.9%
Wellington Management	5.55M	+1.19M	+27.3%
Lord, Abbett & Co.	0	-819.71K	EXIT
TROW T. Rowe Price	2.24M	-779.51K	-25.8%
ATAC Neuberger Berman	26.24K	-616.5K	-95.9%
WFC Wells Fargo & Co.	7.56M	+447.82K	+6.3%
GS Goldman Sachs	2.27M	-447.24K	-16.4%
Renaissance Technologies	436.8K	+436.8K	NEW
BLK Blackrock	21.94M	+400.84K	+1.9%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Dover • Lincoln Electric • Middleby • Hillman Companies • Cool • John Bean Technologies • Welbilt • Hillman Solutions

Management 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.