Illinois Tool Works Inc. $ITW Stock Holdings Increased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC increased its stake in Illinois Tool Works Inc. (NYSE:ITW) by 25.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 11,080 shares of the industrial products company’s stock after acquiring an additional 2,218 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Illinois Tool Works were worth $2,851,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ITW. Crown Wealth Group LLC grew its stake in Illinois Tool Works by 4.0% during the 1st quarter. Crown Wealth Group LLC now owns 953 shares of the industrial products company’s stock worth $248,000 after buying an additional 37 shares during the last quarter. Argos Wealth Advisors LLC increased its position in Illinois Tool Works by 2.6% in the first quarter. Argos Wealth Advisors LLC now owns 1,526 shares of the industrial products company’s stock worth $397,000 after buying an additional 39 shares during the period. JFS Wealth Advisors LLC lifted its stake in Illinois Tool Works by 21.5% in the second quarter. JFS Wealth Advisors LLC now owns 226 shares of the industrial products company’s stock valued at $61,000 after buying an additional 40 shares during the last quarter. North Star Investment Management Corp. lifted its stake in Illinois Tool Works by 0.5% in the first quarter. North Star Investment Management Corp. now owns 8,191 shares of the industrial products company’s stock valued at $2,132,000 after buying an additional 44 shares during the last quarter. Finally, Sawyer & Company Inc lifted its stake in Illinois Tool Works by 0.4% in the first quarter. Sawyer & Company Inc now owns 10,927 shares of the industrial products company’s stock valued at $2,844,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ernest Santi sold 41,431 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $287.09, for a total value of $11,894,425.79. Following the completion of the sale, the director owned 266,288 shares of the company’s stock, valued at $76,448,621.92. This represents a 13.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Matteo C. Pigozzo sold 277 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $289.22, for a total transaction of $80,113.94. Following the completion of the transaction, the chief accounting officer owned 3,394 shares of the company’s stock, valued at $981,612.68. This represents a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ITW has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. Citigroup reaffirmed a “neutral” rating on shares of Illinois Tool Works in a report on Monday, July 13th. Robert W. Baird lifted their price objective on shares of Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Wolfe Research reiterated an “underperform” rating and issued a $286.00 price objective on shares of Illinois Tool Works in a research report on Thursday, July 9th. Finally, Weiss Ratings lowered shares of Illinois Tool Works from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Illinois Tool Works has an average rating of “Reduce” and an average target price of $273.42.

Illinois Tool Works Stock Performance

Shares of ITW stock opened at $276.86 on Thursday. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.11 and a quick ratio of 0.81. The firm has a market capitalization of $78.85 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 2.97 and a beta of 0.96. The business has a 50 day simple moving average of $272.36 and a 200 day simple moving average of $268.77.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.04. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the previous year, the business earned $2.58 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, equities research analysts anticipate that Illinois Tool Works Inc. will post 11.42 EPS for the current year.

Illinois Tool Works Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th were issued a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.5%. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.61. The ex-dividend date of this dividend was Wednesday, September 30th. Illinois Tool Works’s dividend payout ratio is 62.38%.

Illinois Tool Works Profile

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces specialized equipment, components, consumables and systems for customers in a range of industries. Founded in 1912 and headquartered in Glenview, Illinois, the company serves markets worldwide through a portfolio of highly engineered businesses.

ITW’s operations include food equipment, automotive components, welding products, test and measurement equipment, electronics materials, polymers and fluids, construction products, and specialty products.