TCM Advisors LLC Makes New Investment in Illinois Tool Works Inc. $ITW

TCM Advisors LLC bought a new stake in Illinois Tool Works Inc. (NYSE:ITW) during the second quarter, Holdings Channel reports. The institutional investor bought 2,000 shares of the industrial products company’s stock, valued at approximately $541,000.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Illinois Tool Works during the second quarter worth $6,296,349,000. Norges Bank bought a new position in Illinois Tool Works during the 4th quarter valued at $808,351,000. Bank of New York Mellon Corp purchased a new position in Illinois Tool Works during the 2nd quarter worth $603,166,000. Deutsche Bank AG purchased a new position in Illinois Tool Works during the 2nd quarter worth $221,746,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Illinois Tool Works in the 2nd quarter worth $180,734,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Trading Down 0.0%

Shares of Illinois Tool Works stock opened at $282.23 on Monday. 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 $80.38 billion, a PE ratio of 25.59, a P/E/G ratio of 4.77 and a beta of 0.99. The stock has a fifty day moving average price of $278.00 and a 200-day moving average price of $271.55. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.11 and a quick ratio of 0.81.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.04. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. Equities research analysts anticipate that Illinois Tool Works Inc. will post 11.45 EPS for the current year.

Illinois Tool Works Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be given a $1.72 dividend. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Illinois Tool Works’s payout ratio is presently 58.39%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Weiss Ratings raised shares of Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Truist Financial upped their price objective on shares of Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Wolfe Research reiterated an “underperform” rating and issued a $286.00 price objective on shares of Illinois Tool Works in a research note on Thursday, July 9th. UBS Group reissued a “neutral” rating and set a $300.00 target price on shares of Illinois Tool Works in a research report on Wednesday, July 29th. Finally, Robert W. Baird boosted their target price on Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $281.25.

Insider Buying and Selling at Illinois Tool Works

In related news, Director Jennifer F. Scanlon bought 806 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the purchase, the director directly owned 1,652 shares in the company, valued at $409,679.48. The trade was a 95.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ernest Scott Santi sold 41,431 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total transaction of $11,894,425.79. Following the sale, the director owned 266,288 shares of the company’s stock, valued at approximately $76,448,621.92. The trade was a 13.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.83% of the company’s stock.

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.