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
Analyst ratings and price targets
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
24 Mar 23
DEF 14A
Definitive proxy
24 Mar 23
8-K
Departure of Directors or Certain Officers
16 Feb 23
10-K
2022 FY
Annual report
10 Feb 23
8-K
ITW Reports Fourth Quarter and Full Year 2022 Results
2 Feb 23
10-Q
2022 Q3
Quarterly report
27 Oct 22
8-K
Entry into a Material Definitive Agreement
26 Oct 22
8-K
ITW Reports Third Quarter 2022 Results
25 Oct 22
8-K
Departure of Directors or Certain Officers
12 Sep 22
10-Q
2022 Q2
Quarterly report
4 Aug 22
Transcripts
ITW
Earnings call transcript
2022 Q4
2 Feb 23
ITW
Earnings call transcript
2022 Q3
25 Oct 22
ITW
Earnings call transcript
2022 Q2
2 Aug 22
ITW
Earnings call transcript
2022 Q1
3 May 22
ITW
Earnings call transcript
2021 Q4
3 Feb 22
ITW
Earnings call transcript
2021 Q3
28 Oct 21
ITW
Earnings call transcript
2021 Q2
30 Jul 21
ITW
Earnings call transcript
2021 Q1
30 Apr 21
ITW
Earnings call transcript
2020 Q4
5 Feb 21
ITW
Earnings call transcript
2020 Q3
23 Oct 20
Latest ownership filings
4
Michael R. Zimmerman
16 Feb 23
4
Sharon Szafranski
16 Feb 23
4
RANDALL J SCHEUNEMAN
16 Feb 23
4
ERNEST SCOTT SANTI
16 Feb 23
4
CHRISTOPHER A O'HERLIHY
16 Feb 23
4
Mary Katherine Lawler
16 Feb 23
4
Michael M Larsen
16 Feb 23
4
Patricia A. Hartzell
16 Feb 23
4
Javier Gracia Carbonell
16 Feb 23
4
T. Kenneth Escoe
16 Feb 23
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| 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) | 708.00 mm | 708.00 mm | 708.00 mm | 708.00 mm | 708.00 mm | 708.00 mm |
| Cash burn (monthly) | 22.00 mm | 68.25 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 62.55 mm | 194.04 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 645.45 mm | 513.96 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 29.3 | 7.5 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
80.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 1547 |
| Opened positions | 218 |
| Closed positions | 99 |
| Increased positions | 482 |
| Reduced positions | 544 |
| 13F shares | Current |
|---|---|
| Total value | 54.11 tn |
| Total shares | 245.76 mm |
| Total puts | 720.91 k |
| Total calls | 413.30 k |
| Total put/call ratio | 1.7 |
| Largest owners | Shares | Value |
|---|---|---|
| Briar Hall Management | 26.35 mm | $5.81 tn |
| Vanguard | 25.72 mm | $5.67 tn |
| BLK Blackrock | 21.31 mm | $4.70 tn |
| State Farm Mutual Automobile Insurance | 21.03 mm | $4.63 tn |
| NTRS Northern Trust | 12.95 mm | $2.85 tn |
| STT State Street | 12.76 mm | $2.83 tn |
| WFC Wells Fargo & Co. | 7.58 mm | $1.67 tn |
| Charles Schwab Investment Management | 7.01 mm | $1.53 tn |
| Massachusetts Financial Services | 6.00 mm | $1.32 tn |
| Capital Research Global Investors | 5.50 mm | $1.21 tn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 14 Feb 23 | Axel Beck | Common Stock | Payment of exercise | Dispose F | No | No | 238.05 | 692 | 164.73 k | 1,583 |
| 14 Feb 23 | Axel Beck | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,560 | 0.00 | 2,275 |
| 14 Feb 23 | Axel Beck | Performance Share Units (granted 2/14/20) Common Stock | Option exercise | Dispose M | No | No | 0 | 1,560 | 0.00 | 0 |
| 14 Feb 23 | T. Kenneth Escoe | Common Stock | Payment of exercise | Dispose F | No | No | 238.05 | 470 | 111.88 k | 3,716 |
| 14 Feb 23 | T. Kenneth Escoe | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,560 | 0.00 | 4,186 |
| 14 Feb 23 | T. Kenneth Escoe | Performance Share Units (granted 2/14/20) Common Stock | Option exercise | Dispose M | No | No | 0 | 1,560 | 0.00 | 0 |
| 14 Feb 23 | Javier Gracia Carbonell | Common Stock | Payment of exercise | Dispose F | No | No | 238.05 | 118 | 28.09 k | 1,532 |
| 14 Feb 23 | Javier Gracia Carbonell | Common Stock | Option exercise | Acquire M | No | No | 0 | 266 | 0.00 | 1,650 |
| 14 Feb 23 | Javier Gracia Carbonell | Performance Share Units (granted 2/14/20) Common Stock | Option exercise | Dispose M | No | No | 0 | 266 | 0.00 | 0 |
| 14 Feb 23 | Patricia A. Hartzell | Common Stock | Payment of exercise | Dispose F | No | No | 238.05 | 110 | 26.19 k | 1,044 |
News
Disney To Rally Over 20%? Here Are 10 Other Analyst Forecasts For Thursday
9 Feb 23
UBS Maintains Neutral on Illinois Tool Works, Raises Price Target to $245
9 Feb 23
Morgan Stanley Maintains Underweight on Illinois Tool Works, Raises Price Target to $223
7 Feb 23
What 10 Analyst Ratings Have To Say About Illinois Tool Works
3 Feb 23
Credit Suisse Maintains Outperform on Illinois Tool Works, Raises Price Target to $282
3 Feb 23