ProShare Advisors LLC trimmed its holdings in Illinois Tool Works Inc. (NYSE:ITW – Free Report) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 676,311 shares of the industrial products company’s stock after selling 9,358 shares during the quarter. ProShare Advisors LLC owned about 0.23% of Illinois Tool Works worth $166,575,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cresta Advisors Ltd. bought a new position in Illinois Tool Works in the 4th quarter worth approximately $25,000. Lodestone Wealth Management LLC bought a new position in Illinois Tool Works in the 4th quarter worth approximately $28,000. Beacon Financial Strategies CORP bought a new position in Illinois Tool Works in the 4th quarter worth approximately $29,000. Ares Financial Consulting LLC bought a new position in Illinois Tool Works in the 4th quarter worth approximately $31,000. Finally, MTM Investment Management LLC grew its holdings in Illinois Tool Works by 70.5% in the 3rd quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock worth $42,000 after buying an additional 67 shares in the last quarter. 79.77% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. The Goldman Sachs Group reissued a “sell” rating and issued a $254.00 price objective on shares of Illinois Tool Works in a report on Thursday, April 30th. Truist Financial increased their price objective on Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. UBS Group reissued a “neutral” rating and issued a $285.00 price objective on shares of Illinois Tool Works in a report on Wednesday, February 4th. JPMorgan Chase & Co. decreased their price target on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Finally, Evercore decreased their price target on Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $271.92.
Illinois Tool Works Stock Performance
Shares of NYSE ITW opened at $249.15 on Tuesday. The stock has a fifty day moving average price of $263.51 and a two-hundred day moving average price of $262.03. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. The firm has a market cap of $71.68 billion, a P/E ratio of 23.13, a PEG ratio of 4.26 and a beta of 1.04. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15.
Illinois Tool Works (NYSE:ITW – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company posted $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Research analysts forecast that Illinois Tool Works Inc. will post 11.37 EPS for the current fiscal year.
Illinois Tool Works Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 59.80%.
About Illinois Tool Works
Illinois Tool Works Inc (ITW) is a diversified industrial manufacturer that designs and produces a broad array of engineered products, consumables and related service solutions for industrial customers. Its offerings span engineered fastening systems, specialty components, industrial equipment, welding products, foodservice and packaging equipment, adhesives and polymer products, and test-and-measurement technologies. These products are used as critical inputs by customers across automotive, construction, electronics, foodservice, maintenance and other industrial end markets.
The company operates a decentralized business model in which independently managed businesses focus on niche product lines and close customer relationships.
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