Aull & Monroe Investment Management Corp Sells 266 Shares of Illinois Tool Works Inc. $ITW

Aull & Monroe Investment Management Corp lessened its position in Illinois Tool Works Inc. (NYSE:ITW) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,372 shares of the industrial products company’s stock after selling 266 shares during the quarter. Aull & Monroe Investment Management Corp’s holdings in Illinois Tool Works were worth $2,070,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Aspiriant LLC increased its stake in Illinois Tool Works by 32.7% in the second quarter. Aspiriant LLC now owns 1,233 shares of the industrial products company’s stock valued at $305,000 after acquiring an additional 304 shares during the last quarter. Koshinski Asset Management Inc. increased its stake in Illinois Tool Works by 6.5% in the second quarter. Koshinski Asset Management Inc. now owns 3,399 shares of the industrial products company’s stock valued at $840,000 after acquiring an additional 207 shares during the last quarter. Huntleigh Advisors Inc. bought a new position in Illinois Tool Works in the second quarter valued at $1,906,000. Nicholson Wealth Management Group LLC increased its stake in Illinois Tool Works by 3.4% in the second quarter. Nicholson Wealth Management Group LLC now owns 6,079 shares of the industrial products company’s stock valued at $1,503,000 after acquiring an additional 201 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC increased its stake in Illinois Tool Works by 0.4% in the second quarter. Chevy Chase Trust Holdings LLC now owns 147,067 shares of the industrial products company’s stock valued at $36,362,000 after acquiring an additional 594 shares during the last quarter. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

Illinois Tool Works stock opened at $249.46 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.15 and a debt-to-equity ratio of 2.40. The firm has a 50-day moving average of $260.15 and a 200-day moving average of $250.85. The firm has a market cap of $72.72 billion, a P/E ratio of 21.86, a P/E/G ratio of 5.52 and a beta of 1.10. Illinois Tool Works Inc. has a 1-year low of $214.66 and a 1-year high of $279.13.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.02. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.01 billion. Illinois Tool Works had a net margin of 21.31% and a return on equity of 90.89%. Illinois Tool Works’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $2.54 earnings per share. Illinois Tool Works has set its FY 2025 guidance at 10.350-10.550 EPS. Sell-side analysts expect that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th were issued a dividend of $1.61 per share. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.50. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, September 30th. Illinois Tool Works’s dividend payout ratio (DPR) is currently 56.44%.

Insider Buying and Selling at Illinois Tool Works

In other news, CAO Randall J. Scheuneman sold 6,802 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $265.08, for a total transaction of $1,803,074.16. Following the completion of the sale, the chief accounting officer directly owned 10,314 shares in the company, valued at approximately $2,734,035.12. This represents a 39.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

ITW has been the topic of a number of research analyst reports. Stifel Nicolaus increased their target price on Illinois Tool Works from $255.00 to $261.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. UBS Group upped their price target on shares of Illinois Tool Works from $243.00 to $255.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Wells Fargo & Company upped their price target on shares of Illinois Tool Works from $235.00 to $250.00 and gave the company an “underweight” rating in a research report on Thursday, July 31st. Evercore ISI set a $265.00 price target on shares of Illinois Tool Works and gave the company an “underperform” rating in a research report on Tuesday, August 19th. Finally, Citigroup upped their price target on shares of Illinois Tool Works from $254.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $262.83.

About Illinois Tool Works

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.