Kestra Advisory Services LLC Grows Stock Holdings in Illinois Tool Works Inc. $ITW

Kestra Advisory Services LLC lifted its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 5.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,548 shares of the industrial products company’s stock after purchasing an additional 4,524 shares during the period. Kestra Advisory Services LLC’s holdings in Illinois Tool Works were worth $23,569,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ITW. Cresta Advisors Ltd. purchased a new stake in Illinois Tool Works in the 4th quarter worth approximately $25,000. Motiv8 Investments LLC purchased a new position in shares of Illinois Tool Works during the fourth quarter valued at approximately $27,000. Kemnay Advisory Services Inc. bought a new position in shares of Illinois Tool Works during the fourth quarter valued at approximately $27,000. Lodestone Wealth Management LLC bought a new position in shares of Illinois Tool Works during the fourth quarter valued at approximately $28,000. Finally, Beacon Financial Strategies CORP purchased a new stake in Illinois Tool Works in the fourth quarter worth $29,000. 79.77% of the stock is owned by institutional investors.

Insider Activity at Illinois Tool Works

In related news, Director Jennifer F. Scanlon purchased 806 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the purchase, the director directly owned 1,652 shares of the company’s stock, valued at approximately $409,679.48. This represents a 95.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.83% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ITW has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price objective on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research report on Monday, May 4th. Barclays dropped their target price on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. Citigroup lifted their target price on shares of Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Truist Financial boosted their price target on shares of Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $254.00 price objective on shares of Illinois Tool Works in a 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 stock. According to MarketBeat, Illinois Tool Works has an average rating of “Reduce” and a consensus price target of $272.85.

Illinois Tool Works Stock Up 1.4%

Shares of NYSE:ITW traded up $3.70 during midday trading on Friday, reaching $269.18. The company’s stock had a trading volume of 1,119,475 shares, compared to its average volume of 1,335,010. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. The firm has a 50 day moving average of $258.05 and a 200-day moving average of $265.22. The firm has a market capitalization of $77.44 billion, a P/E ratio of 24.99, a PEG ratio of 4.56 and a beta of 1.00. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15.

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, beating analysts’ consensus estimates of $2.57 by $0.09. The company had revenue of $4.02 billion during 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%. Illinois Tool Works’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the company posted $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, research analysts anticipate that Illinois Tool Works Inc. will post 11.37 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Illinois Tool Works’s payout ratio is currently 59.80%.

About Illinois Tool Works

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.