Dearborn Partners LLC decreased its stake in Illinois Tool Works Inc. (NYSE:ITW – Free Report) by 3.7% during the 4th quarter, HoldingsChannel reports. The firm owned 142,825 shares of the industrial products company’s stock after selling 5,518 shares during the period. Illinois Tool Works comprises 1.8% of Dearborn Partners LLC’s holdings, making the stock its 12th largest position. Dearborn Partners LLC’s holdings in Illinois Tool Works were worth $35,178,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Cresta Advisors Ltd. bought a new stake in Illinois Tool Works during the 4th quarter valued at $25,000. Lodestone Wealth Management LLC bought a new stake in Illinois Tool Works during the 4th quarter valued at $28,000. Beacon Financial Strategies CORP bought a new stake in Illinois Tool Works during the 4th quarter valued at $29,000. Ares Financial Consulting LLC bought a new stake in Illinois Tool Works during the 4th quarter valued at $31,000. Finally, Basepoint Wealth LLC bought a new stake in Illinois Tool Works during the 4th quarter valued at $32,000. Institutional investors own 79.77% of the company’s stock.
Insider Activity
In other Illinois Tool Works news, Director Jennifer F. Scanlon purchased 806 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the acquisition, the director owned 1,652 shares of the company’s stock, valued at $409,679.48. This represents a 95.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.83% of the stock is owned by insiders.
Illinois Tool Works Stock Performance
Illinois Tool Works (NYSE:ITW – Get Free Report) last issued its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.09. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, sell-side analysts forecast that Illinois Tool Works Inc. will post 11.37 earnings per share for the current fiscal year.
Illinois Tool Works Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, June 30th. Illinois Tool Works’s payout ratio is presently 59.80%.
Analyst Upgrades and Downgrades
ITW has been the topic of several recent analyst reports. Weiss Ratings downgraded Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Barclays cut their target price on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. The Goldman Sachs Group reaffirmed a “sell” rating and set a $254.00 target price on shares of Illinois Tool Works in a research note on Thursday, April 30th. Wolfe Research lifted their target price on Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research note on Friday, February 27th. Finally, Evercore cut their target price on Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Illinois Tool Works presently has a consensus rating of “Reduce” and an average price target of $271.92.
Check Out Our Latest Stock Analysis on ITW
Illinois Tool Works Company Profile
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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