Illinois Tool Works Inc. $ITW Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC raised its position in Illinois Tool Works Inc. (NYSE:ITW) by 22.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 24,902 shares of the industrial products company’s stock after acquiring an additional 4,493 shares during the period. Kingsview Wealth Management LLC’s holdings in Illinois Tool Works were worth $6,133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ITW. Northwestern Mutual Wealth Management Co. boosted its holdings in Illinois Tool Works by 1,517.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 390,022 shares of the industrial products company’s stock valued at $96,062,000 after purchasing an additional 365,915 shares during the last quarter. Caisse de depot et placement du Quebec raised its position in Illinois Tool Works by 293.0% in the third quarter. Caisse de depot et placement du Quebec now owns 424,547 shares of the industrial products company’s stock valued at $110,705,000 after purchasing an additional 316,512 shares during the period. SG Americas Securities LLC raised its position in Illinois Tool Works by 316.3% in the fourth quarter. SG Americas Securities LLC now owns 366,012 shares of the industrial products company’s stock valued at $90,149,000 after purchasing an additional 278,085 shares during the period. Marshall Wace LLP raised its position in Illinois Tool Works by 161.3% in the third quarter. Marshall Wace LLP now owns 400,152 shares of the industrial products company’s stock valued at $104,344,000 after purchasing an additional 246,994 shares during the period. Finally, UBS Group AG raised its position in Illinois Tool Works by 10.7% in the fourth quarter. UBS Group AG now owns 2,101,383 shares of the industrial products company’s stock valued at $517,571,000 after purchasing an additional 203,863 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ITW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Evercore dropped their price target on shares of Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Robert W. Baird set a $278.00 price target on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Barclays reduced their price target on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Finally, Wolfe Research boosted their price target on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research note on Friday, February 27th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $271.92.

Illinois Tool Works Stock Down 1.0%

Shares of ITW opened at $247.11 on Friday. The stock has a market capitalization of $71.09 billion, a PE ratio of 22.94, a P/E/G ratio of 4.29 and a beta of 1.04. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. The company’s 50-day simple moving average is $259.94 and its 200-day simple moving average is $262.28.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.09. The business had revenue of $4.02 billion for 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 quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.38 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Analysts forecast that Illinois Tool Works Inc. will post 11.37 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be given a dividend of $1.61 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.6%. Illinois Tool Works’s dividend payout ratio is currently 59.80%.

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.