Machina Capital S.A.S. Takes Position in Illinois Tool Works Inc. $ITW

Machina Capital S.A.S. bought a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 873 shares of the industrial products company’s stock, valued at approximately $216,000.

Other large investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC purchased a new position in shares of Illinois Tool Works during the second quarter valued at approximately $25,000. SOA Wealth Advisors LLC. lifted its stake in shares of Illinois Tool Works by 90.9% in the second quarter. SOA Wealth Advisors LLC. now owns 105 shares of the industrial products company’s stock worth $26,000 after buying an additional 50 shares in the last quarter. Saudi Central Bank bought a new position in shares of Illinois Tool Works in the first quarter worth approximately $29,000. 1248 Management LLC purchased a new position in Illinois Tool Works in the 1st quarter worth approximately $30,000. Finally, Banque Transatlantique SA purchased a new position in Illinois Tool Works in the 1st quarter worth approximately $30,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Randall J. Scheuneman sold 6,802 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $265.08, for a total transaction of $1,803,074.16. Following the completion of the sale, the chief accounting officer owned 10,314 shares of the company’s stock, valued at $2,734,035.12. The trade was a 39.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.88% of the stock is currently owned by insiders.

Illinois Tool Works Trading Up 0.6%

NYSE:ITW opened at $244.66 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.11 and a debt-to-equity ratio of 2.39. Illinois Tool Works Inc. has a 12 month low of $214.66 and a 12 month high of $279.13. The company has a market cap of $70.97 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 4.10 and a beta of 1.10. The company has a 50 day simple moving average of $256.59 and a two-hundred day simple moving average of $252.77.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Friday, October 24th. The industrial products company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.09. Illinois Tool Works had a net margin of 19.05% and a return on equity of 93.26%. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the firm posted $3.91 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. Illinois Tool Works has set its FY 2025 guidance at 10.400-10.500 EPS. Research analysts forecast that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 31st will be given a dividend of $1.61 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.6%. Illinois Tool Works’s payout ratio is presently 62.46%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ITW shares. Barclays boosted their price objective on shares of Illinois Tool Works from $243.00 to $244.00 and gave the stock an “underweight” rating in a report on Monday, October 27th. Stifel Nicolaus boosted their price objective on shares of Illinois Tool Works from $255.00 to $261.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. The Goldman Sachs Group set a $258.00 price objective on shares of Illinois Tool Works in a report on Monday, October 27th. Citigroup boosted their price objective on shares of Illinois Tool Works from $254.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Illinois Tool Works from $265.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, October 2nd. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $262.00.

Illinois Tool Works Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.