Goldenstone Wealth Management LLC bought a new position in shares of Illinois Tool Works Inc. (NYSE:ITW – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,850 shares of the industrial products company’s stock, valued at approximately $702,000.
A number of other institutional investors have also recently added to or reduced their stakes in the business. AE Wealth Management LLC boosted its stake in shares of Illinois Tool Works by 128.4% in the 3rd quarter. AE Wealth Management LLC now owns 9,128 shares of the industrial products company’s stock valued at $2,380,000 after purchasing an additional 5,131 shares during the last quarter. Siemens Fonds Invest GmbH boosted its stake in shares of Illinois Tool Works by 70.1% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company’s stock valued at $4,753,000 after purchasing an additional 7,508 shares during the last quarter. Madison Asset Management LLC lifted its stake in Illinois Tool Works by 411.8% in the third quarter. Madison Asset Management LLC now owns 87,875 shares of the industrial products company’s stock valued at $22,914,000 after buying an additional 70,704 shares during the period. Mediolanum International Funds Ltd lifted its stake in Illinois Tool Works by 10.4% in the third quarter. Mediolanum International Funds Ltd now owns 103,161 shares of the industrial products company’s stock valued at $26,964,000 after buying an additional 9,738 shares during the period. Finally, Huntleigh Advisors Inc. grew its position in shares of Illinois Tool Works by 111.2% during the 3rd quarter. Huntleigh Advisors Inc. now owns 16,276 shares of the industrial products company’s stock worth $4,244,000 after buying an additional 8,569 shares during the period. 79.77% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages recently issued reports on ITW. The Goldman Sachs Group reissued a “sell” rating and set a $254.00 target price on shares of Illinois Tool Works in a research note on Thursday, April 30th. UBS Group restated a “neutral” rating and issued a $285.00 price target on shares of Illinois Tool Works in a report on Wednesday, February 4th. JPMorgan Chase & Co. reduced their price target on shares of Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Robert W. Baird set a $278.00 price target on shares of Illinois Tool Works in a report on Wednesday, February 4th. Finally, Wells Fargo & Company raised their price target on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $271.92.
Illinois Tool Works Stock Performance
ITW opened at $250.50 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04. The company’s fifty day moving average price is $262.39 and its two-hundred day moving average price is $262.12. Illinois Tool Works Inc. has a 1-year low of $238.82 and a 1-year high of $303.15. The company has a market cap of $72.07 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 4.25 and a beta of 1.04.
Illinois Tool Works (NYSE:ITW – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.09. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the company posted $2.38 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, analysts expect that Illinois Tool Works Inc. will post 11.37 EPS for the current fiscal year.
Illinois Tool Works Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $1.61 per share. The ex-dividend date is Tuesday, June 30th. This represents a $6.44 annualized dividend and a yield of 2.6%. Illinois Tool Works’s dividend payout ratio is presently 59.80%.
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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