Squarepoint Ops LLC Raises Stake in Illinois Tool Works Inc. $ITW

Squarepoint Ops LLC increased its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 8.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 417,087 shares of the industrial products company’s stock after purchasing an additional 32,483 shares during the period. Squarepoint Ops LLC’s holdings in Illinois Tool Works were worth $102,729,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC lifted its holdings in Illinois Tool Works by 8.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 49,299 shares of the industrial products company’s stock worth $12,142,000 after purchasing an additional 3,662 shares in the last quarter. Resources Management Corp CT ADV increased its stake in Illinois Tool Works by 3,807.3% in the 4th quarter. Resources Management Corp CT ADV now owns 30,086 shares of the industrial products company’s stock worth $7,410,000 after acquiring an additional 29,316 shares during the last quarter. Sargent Investment Group LLC bought a new position in Illinois Tool Works in the 4th quarter worth about $416,000. MLP3 LLC bought a new position in Illinois Tool Works in the 4th quarter worth about $875,000. Finally, Motiv8 Investments LLC bought a new position in Illinois Tool Works in the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ITW. Citigroup upped their target price on Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Barclays decreased their target price on 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. Wolfe Research increased their price objective on Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. reduced their price objective 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. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $254.00 price objective on shares of Illinois Tool Works in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $271.92.

Insiders Place Their Bets

In other Illinois Tool Works news, Director Jennifer F. Scanlon acquired 806 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the acquisition, the director owned 1,652 shares in the company, valued at $409,679.48. This represents a 95.27% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.83% of the company’s stock.

Illinois Tool Works Price Performance

ITW opened at $262.34 on Tuesday. The stock’s 50 day simple moving average is $258.25 and its 200 day simple moving average is $263.11. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15. The firm has a market cap of $75.48 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 4.42 and a beta of 1.01.

Illinois Tool Works (NYSE:ITW) last posted 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. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the company earned $2.38 EPS. Illinois Tool Works’s revenue for the quarter was up 4.6% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, analysts predict that Illinois Tool Works Inc. will post 11.37 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a $1.61 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $6.44 annualized dividend and a yield of 2.5%. Illinois Tool Works’s dividend payout ratio (DPR) is 59.80%.

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.