Vanguard Personalized Indexing Management LLC grew its stake in shares of Illinois Tool Works Inc. (NYSE:ITW – Free Report) by 8.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 49,299 shares of the industrial products company’s stock after buying an additional 3,662 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Illinois Tool Works were worth $12,142,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Cresta Advisors Ltd. acquired a new position in Illinois Tool Works in the fourth quarter worth about $25,000. Motiv8 Investments LLC acquired a new position in Illinois Tool Works in the fourth quarter worth about $27,000. Lodestone Wealth Management LLC acquired a new position in Illinois Tool Works in the fourth quarter worth about $28,000. Beacon Financial Strategies CORP acquired a new position in Illinois Tool Works in the fourth quarter worth about $29,000. Finally, Ares Financial Consulting LLC acquired a new position in Illinois Tool Works in the fourth quarter worth about $31,000. Institutional investors and hedge funds own 79.77% of the company’s stock.
Insider Activity at Illinois Tool Works
In related news, Director Jennifer F. Scanlon purchased 806 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average cost of $247.99 per share, with a total value of $199,879.94. Following the completion of the purchase, the director directly owned 1,652 shares of the company’s stock, valued at $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is owned by company insiders.
Illinois Tool Works Price Performance
Illinois Tool Works (NYSE:ITW – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, beating 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 business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the prior year, the firm earned $2.38 earnings per share. Illinois Tool Works’s revenue was up 4.6% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, equities analysts predict that Illinois Tool Works Inc. will post 11.37 earnings per share for the current fiscal year.
Illinois Tool Works Dividend Announcement
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 paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio is 59.80%.
Wall Street Analyst Weigh In
ITW has been the subject of several recent research reports. JPMorgan Chase & Co. dropped 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 research report on Friday, May 1st. Barclays dropped their price target on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. Weiss Ratings lowered shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Wells Fargo & Company increased their price target on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research report on Monday, May 4th. Finally, Citigroup increased their price target on shares of Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Illinois Tool Works presently has a consensus rating of “Reduce” and a consensus target price of $271.92.
Read Our Latest Analysis on Illinois Tool Works
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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