Ticino Wealth Acquires New Holdings in Illinois Tool Works Inc. $ITW

Ticino Wealth acquired a new stake in Illinois Tool Works Inc. (NYSE:ITW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 12,342 shares of the industrial products company’s stock, valued at approximately $3,040,000. Illinois Tool Works accounts for 1.1% of Ticino Wealth’s holdings, making the stock its 25th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Corsicana & Co. purchased a new stake in shares of Illinois Tool Works in the 3rd quarter valued at approximately $26,000. Lodestone Wealth Management LLC purchased a new stake in Illinois Tool Works during the fourth quarter worth approximately $28,000. Beacon Financial Strategies CORP purchased a new position in Illinois Tool Works in the fourth quarter valued at approximately $29,000. True Wealth Design LLC raised its holdings in Illinois Tool Works by 341.9% during the third quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 106 shares in the last quarter. Finally, MTM Investment Management LLC boosted its holdings in shares of 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 valued at $42,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Insider Activity

In other news, EVP Axel Beck sold 4,223 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the sale, the executive vice president owned 5,789 shares in the company, valued at $1,680,083.58. The trade was a 42.18% 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 Ernest Scott Santi sold 167,345 shares of Illinois Tool Works stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the transaction, the director owned 258,766 shares in the company, valued at approximately $75,282,792.38. The trade was a 39.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.83% of the company’s stock.

Illinois Tool Works Trading Up 0.0%

Shares of ITW opened at $272.75 on Tuesday. The stock’s fifty day simple moving average is $275.60 and its 200 day simple moving average is $260.95. Illinois Tool Works Inc. has a twelve month low of $224.90 and a twelve month high of $303.15. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $78.57 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 4.89 and a beta of 1.13.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.03. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.07 billion. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the business earned $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, equities research analysts forecast that Illinois Tool Works Inc. will post 11.26 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st were given a dividend of $1.61 per share. The ex-dividend date was Tuesday, March 31st. This represents a $6.44 annualized dividend and a dividend yield of 2.4%. Illinois Tool Works’s dividend payout ratio (DPR) is 61.39%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ITW shares. Truist Financial boosted their price target on Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. Citigroup increased their price target on shares of Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Wells Fargo & Company lowered their price objective on Illinois Tool Works from $270.00 to $245.00 and set an “underweight” rating on the stock in a report on Wednesday, April 1st. Finally, UBS Group reissued a “neutral” rating and set a $285.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Illinois Tool Works currently has an average rating of “Reduce” and an average target price of $270.00.

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.