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Illinois Tool Works (ITW)

(Delayed Data from NYSE)

$251.76 USD

251.76
1,252,565

+1.12 (0.45%)

Updated Apr 24, 2024 04:00 PM ET

After-Market: $251.80 +0.04 (0.02%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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D Value B Growth C Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 29% (72 out of 252)

Industry: Manufacturing - General Industrial

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Better trading starts here.

Balance Sheet

Research for ITW

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Illinois Tool Works Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 1,065 708 1,527 2,564 1,981
Receivables 3,123 3,171 2,840 2,506 2,461
Notes Receivable 0 0 0 0 0
Inventories 1,707 2,054 1,694 1,189 1,164
Other Current Assets 340 337 313 264 647
Total Current Assets 6,235 6,270 6,374 6,523 6,253
Net Property & Equipment 1,976 1,848 1,809 1,777 1,729
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 479 494 552 533 516
Intangibles 5,566 5,632 5,937 5,471 5,343
Deposits & Other Assets 1,262 1,178 1,405 1,308 1,227
Total Assets 15,518 15,422 16,077 15,612 15,068
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 581 594 585 534 472
Current Portion Long-Term Debt 1,825 1,590 778 350 4
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 1,663 1,728 1,648 1,284 1,217
Income Taxes Payable 187 147 77 60 48
Other Current Liabilities 419 401 382 361 413
Total Current Liabilities 4,675 4,460 3,470 2,589 2,154
Mortgages 0 0 0 0 0
Deferred Taxes/Income 326 484 654 588 668
Convertible Debt 0 0 0 0 0
Long-Term Debt 6,339 6,173 6,909 7,772 7,754
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 1,165 1,216 1,418 1,481 1,462
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 12,505 12,333 12,451 12,430 12,038
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 6 6 6 6 6
Capital Surplus 1,588 1,501 1,432 1,362 1,304
Retained Earnings 27,122 25,799 24,325 23,114 22,403
Other Equity -1,833 -1,840 -1,501 -1,641 -1,701
Treasury Stock 23,870 22,377 20,636 19,659 18,982
Total Shareholder's Equity 3,013 3,089 3,626 3,182 3,030
Total Liabilities & Shareholder's Equity 15,518 15,422 16,077 15,612 15,068
Total Common Equity 3,013 3,089 3,626 3,182 3,030
Shares Outstanding 300.80 307.10 313.80 316.50 321.40
Book Value Per Share 10.02 10.06 11.56 10.05 9.43

Fiscal Year End for Illinois Tool Works Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 1,065 990 922 1,143
Receivables NA 3,123 3,163 3,216 3,201
Notes Receivable NA 0 0 0 0
Inventories NA 1,707 1,799 1,921 2,000
Other Current Assets NA 340 336 345 344
Total Current Assets NA 6,235 6,288 6,404 6,688
Net Property & Equipment NA 1,976 1,904 1,901 1,885
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 479 455 500 503
Intangibles NA 5,566 5,510 5,595 5,622
Deposits & Other Assets NA 1,262 1,238 1,252 1,223
Total Assets NA 15,518 15,395 15,652 15,921
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 581 580 590 599
Current Portion Long-Term Debt NA 1,825 1,248 1,275 2,870
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 1,663 1,588 1,625 1,504
Income Taxes Payable NA 187 145 154 224
Other Current Liabilities NA 419 421 396 399
Total Current Liabilities NA 4,675 3,982 4,040 5,596
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 326 464 451 477
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 6,339 6,818 6,947 5,510
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 1,127 1,120 1,237
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 12,505 12,391 12,558 12,820
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 6 6 6 6
Capital Surplus NA 1,588 1,569 1,550 1,526
Retained Earnings NA 27,122 26,823 26,473 26,115
Other Equity NA -1,833 -1,901 -1,819 -1,803
Treasury Stock NA 23,870 23,493 23,116 22,743
Total Shareholder's Equity NA 3,013 3,004 3,094 3,101
Total Liabilities & Shareholder's Equity NA 15,518 15,395 15,652 15,921
Total Common Equity 0 3,013 3,004 3,094 3,101
Shares Outstanding 298.70 300.80 300.80 302.30 303.90
Book Value Per Share 0.00 10.02 9.99 10.23 10.20