Wick Capital Partners LLC grew its position in shares of Illinois Tool Works Inc. (NYSE:ITW – Free Report) by 1,224.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,201 shares of the industrial products company’s stock after purchasing an additional 14,053 shares during the period. Wick Capital Partners LLC’s holdings in Illinois Tool Works were worth $3,744,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in ITW. Vancity Investment Management Ltd raised its position in shares of Illinois Tool Works by 24.5% in the 4th quarter. Vancity Investment Management Ltd now owns 2,110 shares of the industrial products company’s stock worth $520,000 after acquiring an additional 415 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Illinois Tool Works by 184.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,268 shares of the industrial products company’s stock worth $2,283,000 after purchasing an additional 6,010 shares in the last quarter. Claris Financial LLC bought a new stake in Illinois Tool Works in the fourth quarter worth approximately $404,000. Axxcess Wealth Management LLC lifted its stake in Illinois Tool Works by 23.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 12,703 shares of the industrial products company’s stock valued at $3,129,000 after buying an additional 2,439 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in shares of Illinois Tool Works by 1.5% during the 4th quarter. Corient Private Wealth LLC now owns 622,227 shares of the industrial products company’s stock worth $149,538,000 after buying an additional 9,110 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, Director Jennifer F. Scanlon acquired 806 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average cost of $247.99 per share, with a total value of $199,879.94. Following the acquisition, the director owned 1,652 shares of the company’s stock, valued at approximately $409,679.48. This trade represents a 95.27% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.83% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Stock Report on Illinois Tool Works
Illinois Tool Works Stock Performance
ITW opened at $264.38 on Friday. 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 $76.06 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 4.50 and a beta of 1.01. The company’s fifty day moving average price is $258.59 and its two-hundred day moving average price is $263.43. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04.
Illinois Tool Works (NYSE:ITW – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the company earned $2.38 earnings per share. 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 Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $1.61 per share. The ex-dividend date is Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a yield of 2.4%. Illinois Tool Works’s payout ratio is 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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