ITW shares drop after parts maker cuts annual profit forecast

Illinois Tool Works

24/10/2025 13:48

** Illinois Tool Works ITW.N shares drop 3.6% to $248.28 pre-market

** ITW narrows its annual EPS forecast to $10.40 to $10.50 from $10.35 to $10.55

** Automotive and industrial supplier's Q3 revenue of $4.06 billion falls short of analysts' expectation of $4.09 billion, citing hit to demand from Trump administration's tariffs

** Nineteen brokerages tracking stock rate it "hold" on average; their median PT is $260.5 - data compiled by LSEG

** Up to Thursday's close, stock had jumped ~38% so far this year

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))