Marble Wealth LLC Buys Shares of 6,543 Illinois Tool Works Inc. $ITW

Marble Wealth LLC bought a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW) in the 4th quarter, Holdings Channel reports. The institutional investor bought 6,543 shares of the industrial products company’s stock, valued at approximately $1,611,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Siemens Fonds Invest GmbH raised its position in shares of Illinois Tool Works by 70.1% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company’s stock valued at $4,753,000 after acquiring an additional 7,508 shares during the last quarter. Madison Asset Management LLC raised its position in shares of Illinois Tool Works by 411.8% during the 3rd quarter. Madison Asset Management LLC now owns 87,875 shares of the industrial products company’s stock valued at $22,914,000 after acquiring an additional 70,704 shares during the last quarter. Hudson Bay Capital Management LP increased its position in shares of Illinois Tool Works by 123.4% in the 3rd quarter. Hudson Bay Capital Management LP now owns 23,063 shares of the industrial products company’s stock valued at $6,014,000 after buying an additional 12,741 shares in the last quarter. Gradient Investments LLC increased its position in shares of Illinois Tool Works by 691.3% in the 4th quarter. Gradient Investments LLC now owns 62,677 shares of the industrial products company’s stock valued at $15,437,000 after buying an additional 54,756 shares in the last quarter. Finally, Y.D. More Investments Ltd bought a new stake in shares of Illinois Tool Works in the 4th quarter valued at $2,498,000. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Trading Up 1.2%

Illinois Tool Works stock opened at $248.83 on Wednesday. The firm has a 50-day moving average of $259.65 and a 200-day moving average of $262.42. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86. The company has a market cap of $71.59 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 4.22 and a beta of 1.01.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the business posted $2.38 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, equities analysts expect that Illinois Tool Works Inc. will post 11.37 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio is currently 59.80%.

Analyst Ratings Changes

ITW has been the subject of a number of research analyst reports. Robert W. Baird set a $278.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and set a $285.00 target price on shares of Illinois Tool Works in a report on Wednesday, February 4th. JPMorgan Chase & Co. lowered their target price on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Barclays lowered their target price on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Finally, Truist Financial increased their target price on Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $271.92.

Illinois Tool Works Company 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.