HighPoint Advisor Group LLC boosted its position in shares of Illinois Tool Works Inc. (NYSE:ITW – Free Report) by 16.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,240 shares of the industrial products company’s stock after buying an additional 2,811 shares during the period. HighPoint Advisor Group LLC’s holdings in Illinois Tool Works were worth $4,985,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cresta Advisors Ltd. bought a new position in Illinois Tool Works during the fourth quarter valued at approximately $25,000. Lodestone Wealth Management LLC bought a new position in Illinois Tool Works during the fourth quarter valued at approximately $28,000. Beacon Financial Strategies CORP bought a new position in Illinois Tool Works during the fourth quarter valued at approximately $29,000. Ares Financial Consulting LLC bought a new position in Illinois Tool Works during the fourth quarter valued at approximately $31,000. Finally, MTM Investment Management LLC lifted its stake 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 purchasing an additional 67 shares during the last quarter. 79.77% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on ITW shares. The Goldman Sachs Group reiterated a “sell” rating and issued a $254.00 target price on shares of Illinois Tool Works in a report on Thursday, April 30th. Citigroup lifted their target price on Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. JPMorgan Chase & Co. dropped their target price on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Truist Financial lifted their target price on Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. Finally, Barclays dropped their target price on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $271.92.
Illinois Tool Works Trading Down 1.0%
Shares of NYSE ITW opened at $252.16 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. The business has a fifty day simple moving average of $267.26 and a two-hundred day simple moving average of $262.04. The firm has a market cap of $72.55 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 4.38 and a beta of 1.04. Illinois Tool Works Inc. has a twelve month low of $238.82 and a twelve month high of $303.15.
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 for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. The business 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%.Illinois Tool Works’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Analysts expect that Illinois Tool Works Inc. will post 11.36 earnings per share for the current fiscal year.
Illinois Tool Works Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a $1.61 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.6%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 59.80%.
Illinois Tool Works 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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