Kerusso Capital Management LLC Purchases 2,743 Shares of Illinois Tool Works Inc. $ITW

Kerusso Capital Management LLC increased its position in Illinois Tool Works Inc. (NYSE:ITW) by 31.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,477 shares of the industrial products company’s stock after acquiring an additional 2,743 shares during the quarter. Kerusso Capital Management LLC’s holdings in Illinois Tool Works were worth $2,827,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Lodestone Wealth Management LLC bought a new position in Illinois Tool Works in the 4th quarter worth $28,000. Beacon Financial Strategies CORP bought a new position in Illinois Tool Works in the 4th quarter worth $29,000. True Wealth Design LLC raised its holdings in Illinois Tool Works by 341.9% in the 3rd quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 106 shares during the period. MTM Investment Management LLC raised 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 acquiring an additional 67 shares during the period. Finally, Financial Consulate Inc. bought a new position in Illinois Tool Works in the 3rd quarter worth $43,000. Institutional investors own 79.77% of the company’s stock.

Analyst Ratings Changes

ITW has been the topic of several research reports. Citigroup boosted their price objective 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. Barclays dropped their price objective on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a report on Wednesday, April 1st. UBS Group restated a “neutral” rating and set a $285.00 price objective on shares of Illinois Tool Works in a report on Wednesday, February 4th. Wolfe Research boosted their price objective on shares of Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a report on Friday, February 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Illinois Tool Works from $327.00 to $303.00 and set an “overweight” rating on the stock in a report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $270.00.

Insider Activity

In other news, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the sale, the director directly owned 258,766 shares in the company, valued at approximately $75,282,792.38. The trade was a 39.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Axel Beck sold 4,223 shares of Illinois Tool Works stock in a transaction dated 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 approximately $1,680,083.58. This trade represents a 42.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.83% of the stock is currently owned by insiders.

Illinois Tool Works Price Performance

Shares of Illinois Tool Works stock opened at $273.48 on Friday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.89 and a current ratio of 1.21. The firm’s 50-day simple moving average is $274.03 and its 200-day simple moving average is $261.16. Illinois Tool Works Inc. has a twelve month low of $228.76 and a twelve month high of $303.15. The firm has a market cap of $78.78 billion, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 4.80 and a beta of 1.13.

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

Illinois Tool Works Announces Dividend

The firm also recently announced 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. This represents a $6.44 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, March 31st. Illinois Tool Works’s payout ratio is 61.39%.

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.