RFG Bristol Wealth Advisors LLC Has $741,000 Position in Illinois Tool Works Inc. $ITW

RFG Bristol Wealth Advisors LLC decreased its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 48.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,997 shares of the industrial products company’s stock after selling 2,853 shares during the quarter. RFG Bristol Wealth Advisors LLC’s holdings in Illinois Tool Works were worth $741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Illinois Tool Works by 5.3% in the 4th quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock valued at $1,399,000 after purchasing an additional 277 shares during the period. Bison Wealth LLC increased its position in shares of Illinois Tool Works by 2.3% during the fourth quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock worth $901,000 after acquiring an additional 81 shares in the last quarter. Mutual Advisors LLC raised its holdings in shares of Illinois Tool Works by 8.3% during the first quarter. Mutual Advisors LLC now owns 2,149 shares of the industrial products company’s stock worth $515,000 after acquiring an additional 164 shares during the period. Strategic Blueprint LLC boosted its stake in Illinois Tool Works by 11.4% in the 1st quarter. Strategic Blueprint LLC now owns 1,120 shares of the industrial products company’s stock worth $278,000 after purchasing an additional 115 shares during the period. Finally, Penserra Capital Management LLC increased its holdings in Illinois Tool Works by 426.2% during the 1st quarter. Penserra Capital Management LLC now owns 3,710 shares of the industrial products company’s stock worth $919,000 after purchasing an additional 3,005 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors.

Illinois Tool Works Price Performance

Shares of NYSE:ITW opened at $244.66 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.11 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $70.97 billion, a PE ratio of 23.73, a PEG ratio of 4.10 and a beta of 1.10. The firm has a 50 day moving average of $256.59 and a 200-day moving average of $252.77. Illinois Tool Works Inc. has a 12 month low of $214.66 and a 12 month high of $279.13.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Friday, October 24th. The industrial products company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.09. Illinois Tool Works had a return on equity of 93.26% and a net margin of 19.05%.The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the company earned $3.91 EPS. Illinois Tool Works’s revenue for the quarter was up 2.3% on a year-over-year basis. Illinois Tool Works has set its FY 2025 guidance at 10.400-10.500 EPS. On average, equities research analysts predict that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 31st will be paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, December 31st. Illinois Tool Works’s dividend payout ratio (DPR) is currently 62.46%.

Insider Activity at Illinois Tool Works

In other news, CAO Randall J. Scheuneman sold 6,802 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $265.08, for a total value 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 $2,734,035.12. This trade represents a 39.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.88% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a research note on Friday, October 31st. The Goldman Sachs Group set a $258.00 price target on Illinois Tool Works in a report on Monday, October 27th. Barclays raised their price target on Illinois Tool Works from $243.00 to $244.00 and gave the company an “underweight” rating in a report on Monday, October 27th. Wells Fargo & Company decreased their price objective on shares of Illinois Tool Works from $250.00 to $245.00 and set an “underweight” rating on the stock in a report on Monday, October 27th. Finally, Citigroup boosted their price target on Illinois Tool Works from $254.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Illinois Tool Works currently has an average rating of “Reduce” and an average target price of $262.00.

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.