Crestwood Advisors Group LLC Sells 3,241 Shares of Illinois Tool Works Inc. $ITW

Crestwood Advisors Group LLC lessened its stake in Illinois Tool Works Inc. (NYSE:ITW) by 37.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,356 shares of the industrial products company’s stock after selling 3,241 shares during the period. Crestwood Advisors Group LLC’s holdings in Illinois Tool Works were worth $1,319,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Bluebird Wealth Management LLC bought a new stake in shares of Illinois Tool Works in the 4th quarter valued at about $1,199,000. Sequoia Financial Advisors LLC grew its position in shares of Illinois Tool Works by 35.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,071 shares of the industrial products company’s stock valued at $2,480,000 after buying an additional 2,629 shares during the last quarter. Gateway Investment Advisers LLC grew its position in shares of Illinois Tool Works by 57.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 5,017 shares of the industrial products company’s stock valued at $1,236,000 after buying an additional 1,828 shares during the last quarter. Ponta Wealth Partners LLC bought a new stake in shares of Illinois Tool Works in the 4th quarter valued at about $464,000. Finally, Ballast Advisors LLC grew its position in shares of Illinois Tool Works by 1.0% in the 4th quarter. Ballast Advisors LLC now owns 5,110 shares of the industrial products company’s stock valued at $1,259,000 after buying an additional 50 shares during the last quarter. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

Shares of Illinois Tool Works stock opened at $254.54 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04. The business has a 50-day moving average price of $268.73 and a two-hundred day moving average price of $262.06. Illinois Tool Works Inc. has a 1-year low of $238.82 and a 1-year high of $303.15. The company has a market cap of $73.33 billion, a P/E ratio of 23.63, a PEG ratio of 4.38 and a beta of 1.04.

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 for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the business posted $2.38 EPS. The business’s revenue 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 anticipate that Illinois Tool Works Inc. will post 11.36 EPS for the current year.

Illinois Tool Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st were paid a $1.61 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $6.44 annualized dividend and a dividend yield of 2.5%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 59.80%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ITW shares. JPMorgan Chase & Co. reduced their price target 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. Wolfe Research increased their price target on Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a report on Friday, February 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Monday, April 27th. Barclays decreased their price target on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Finally, Wells Fargo & Company increased their price target on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $270.46.

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.