Shepherd Financial Partners LLC purchased a new stake in Illinois Tool Works Inc. (NYSE:ITW – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,580 shares of the industrial products company’s stock, valued at approximately $698,000.
Other hedge funds have also added to or reduced their stakes in the company. Cresta Advisors Ltd. acquired a new position in Illinois Tool Works in the fourth quarter valued at about $25,000. Motiv8 Investments LLC bought a new stake in shares of Illinois Tool Works in the fourth quarter worth about $27,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Illinois Tool Works during the fourth quarter worth about $27,000. Ares Financial Consulting LLC bought a new position in shares of Illinois Tool Works during the 4th quarter valued at about $31,000. Finally, Wilkerson Advisory Group LLC grew its position in shares of Illinois Tool Works by 77.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.
Insider Buying and Selling at Illinois Tool Works
In related news, CAO Matteo C. Pigozzo sold 277 shares of Illinois Tool Works stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $289.22, for a total value of $80,113.94. Following the sale, the chief accounting officer owned 3,394 shares of the company’s stock, valued at approximately $981,612.68. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jennifer F. Scanlon bought 806 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the acquisition, the director directly owned 1,652 shares of the company’s stock, valued at $409,679.48. This represents a 95.27% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.83% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Report on Illinois Tool Works
Illinois Tool Works Trading Down 0.2%
NYSE ITW opened at $284.18 on Thursday. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.81 and a current ratio of 1.11. The stock’s 50 day moving average price is $276.94 and its two-hundred day moving average price is $271.27. The stock has a market capitalization of $80.93 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 4.81 and a beta of 0.99.
Illinois Tool Works (NYSE:ITW – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.04. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.19 billion. During the same period last year, the business earned $2.58 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, analysts anticipate that Illinois Tool Works Inc. will post 11.45 earnings per share for the current fiscal year.
Illinois Tool Works Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be given a $1.72 dividend. This represents a $6.88 dividend on an annualized basis and a yield of 2.4%. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. The ex-dividend date of this dividend is Wednesday, September 30th. Illinois Tool Works’s payout ratio is 58.39%.
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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