TD Private Client Wealth LLC Cuts Position in Illinois Tool Works Inc. $ITW

TD Private Client Wealth LLC trimmed its position in Illinois Tool Works Inc. (NYSE:ITW) by 77.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,078 shares of the industrial products company’s stock after selling 3,736 shares during the quarter. TD Private Client Wealth LLC’s holdings in Illinois Tool Works were worth $266,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Meridian Wealth Management LLC raised its holdings in shares of Illinois Tool Works by 1.3% during the 4th quarter. Meridian Wealth Management LLC now owns 2,818 shares of the industrial products company’s stock valued at $694,000 after buying an additional 37 shares during the period. Mayflower Financial Advisors LLC raised its holdings in shares of Illinois Tool Works by 3.8% during the 4th quarter. Mayflower Financial Advisors LLC now owns 1,065 shares of the industrial products company’s stock valued at $262,000 after buying an additional 39 shares during the period. Revisor Wealth Management LLC raised its holdings in shares of Illinois Tool Works by 1.4% during the 4th quarter. Revisor Wealth Management LLC now owns 2,841 shares of the industrial products company’s stock valued at $734,000 after buying an additional 39 shares during the period. Concord Asset Management LLC VA increased its holdings in Illinois Tool Works by 1.1% during the 4th quarter. Concord Asset Management LLC VA now owns 3,591 shares of the industrial products company’s stock worth $884,000 after purchasing an additional 39 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in Illinois Tool Works by 1.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 3,015 shares of the industrial products company’s stock worth $743,000 after purchasing an additional 40 shares during the last quarter. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ITW. Evercore dropped their price objective on Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. UBS Group restated a “neutral” rating and set a $285.00 price objective on shares of Illinois Tool Works in a report on Wednesday, February 4th. JPMorgan Chase & Co. dropped their price objective on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Citigroup lifted their price objective on Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company lifted their price objective 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 assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $271.92.

Illinois Tool Works Price Performance

Shares of ITW opened at $252.34 on Friday. The firm has a market cap of $72.60 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 4.29 and a beta of 1.04. The stock has a 50 day moving average of $261.54 and a 200-day moving average of $262.09. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, topping the consensus estimate of $2.57 by $0.09. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, analysts forecast that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be given a $1.61 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.6%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 59.80%.

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.