Machina Capital S.A.S. Makes New $216,000 Investment in Illinois Tool Works Inc. $ITW

Machina Capital S.A.S. acquired a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 873 shares of the industrial products company’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Westside Investment Management Inc. grew its stake in shares of Illinois Tool Works by 85.3% during the second quarter. Westside Investment Management Inc. now owns 265 shares of the industrial products company’s stock valued at $66,000 after buying an additional 122 shares during the last quarter. Intellectus Partners LLC grew its stake in shares of Illinois Tool Works by 40.8% during the second quarter. Intellectus Partners LLC now owns 3,333 shares of the industrial products company’s stock valued at $829,000 after buying an additional 965 shares during the last quarter. EPG Wealth Management LLC grew its stake in shares of Illinois Tool Works by 1.1% during the second quarter. EPG Wealth Management LLC now owns 3,893 shares of the industrial products company’s stock valued at $963,000 after buying an additional 43 shares during the last quarter. Regents Gate Capital LLP grew its stake in shares of Illinois Tool Works by 263.7% during the second quarter. Regents Gate Capital LLP now owns 49,123 shares of the industrial products company’s stock valued at $12,146,000 after buying an additional 35,615 shares during the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of Illinois Tool Works by 0.9% during the second quarter. State of Michigan Retirement System now owns 80,136 shares of the industrial products company’s stock valued at $19,814,000 after buying an additional 700 shares during the last quarter. 79.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Illinois Tool Works news, CAO Randall J. Scheuneman sold 6,802 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $265.08, for a total value of $1,803,074.16. Following the completion of the sale, the chief accounting officer directly owned 10,314 shares in the company, valued at $2,734,035.12. This trade represents a 39.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.88% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ITW. UBS Group raised their price objective on Illinois Tool Works from $243.00 to $255.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Stifel Nicolaus increased their target price on shares of Illinois Tool Works from $255.00 to $261.00 and gave the stock a “hold” rating in a report on Thursday, July 31st. Evercore ISI set a $265.00 target price on shares of Illinois Tool Works and gave the stock an “underperform” rating in a report on Tuesday, August 19th. Robert W. Baird set a $265.00 target price on shares of Illinois Tool Works in a report on Monday, October 27th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Illinois Tool Works presently has a consensus rating of “Reduce” and a consensus target price of $262.00.

Illinois Tool Works Stock Performance

Shares of ITW opened at $244.66 on Wednesday. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.53 and a quick ratio of 1.11. Illinois Tool Works Inc. has a one year low of $214.66 and a one year high of $279.13. The company has a 50-day simple moving average of $256.59 and a two-hundred day simple moving average of $252.77. The firm has a market capitalization of $70.97 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 4.10 and a beta of 1.10.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Friday, October 24th. The industrial products company reported $2.81 EPS for the quarter, topping the consensus estimate of $2.72 by $0.09. Illinois Tool Works had a net margin of 19.05% and a return on equity of 93.26%. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the business posted $3.91 earnings per share. Illinois Tool Works’s quarterly revenue was up 2.3% compared to the same quarter last year. Illinois Tool Works has set its FY 2025 guidance at 10.400-10.500 EPS. On average, analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 31st will be issued a $1.61 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $6.44 annualized dividend and a yield of 2.6%. Illinois Tool Works’s dividend payout ratio (DPR) is 62.46%.

Illinois Tool Works Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.