Baird Raises Illinois Tool Works (ITW) Price Target to $265, Maintains Neutral Rating

Core Insights - Illinois Tool Works Inc. (ITW) is recognized as one of the 15 Best DRIP Stocks to Own Right Now [1] - Baird has raised its price target for ITW to $265 from $258 while maintaining a Neutral rating, reflecting modestly positive organic growth in the company's third-quarter results [2] - ITW declared a quarterly dividend of $1.61 per share, maintaining its status as a Dividend King with 53 consecutive years of dividend increases [3] Financial Performance - For Q3 2025, ITW reported revenue of $4.1 billion, representing a 2% year-over-year increase, with 1% attributed to organic growth [3] Company Overview - Illinois Tool Works Inc. is a global diversified manufacturer producing specialized industrial equipment, consumables, and related services across various end markets [4]