8,596 Shares in Illinois Tool Works Inc. $ITW Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new position in shares of Illinois Tool Works Inc. (NYSE:ITW) during the 4th quarter, Holdings Channel.com reports. The fund acquired 8,596 shares of the industrial products company’s stock, valued at approximately $2,117,000.

Other large investors have also bought and sold shares of the company. Cresta Advisors Ltd. purchased a new position in Illinois Tool Works in the fourth quarter worth about $25,000. Lodestone Wealth Management LLC purchased a new position in Illinois Tool Works in the fourth quarter worth about $28,000. Beacon Financial Strategies CORP purchased a new position in Illinois Tool Works in the fourth quarter worth about $29,000. Meeder Asset Management Inc. raised its holdings in Illinois Tool Works by 215.0% in the fourth quarter. Meeder Asset Management Inc. now owns 126 shares of the industrial products company’s stock worth $31,000 after buying an additional 86 shares during the last quarter. Finally, Sfam LLC purchased a new position in Illinois Tool Works in the fourth quarter worth about $31,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

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 that occurred on Tuesday, June 2nd. The stock was purchased at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the transaction, the director 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 legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Illinois Tool Works Price Performance

Shares of NYSE:ITW opened at $262.34 on Tuesday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. The firm has a fifty day moving average price of $258.25 and a 200 day moving average price of $263.11. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The firm has a market cap of $75.48 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 4.42 and a beta of 1.01.

Illinois Tool Works (NYSE:ITW) last issued its 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 net margin of 19.32% and a return on equity of 97.36%. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the business earned $2.38 earnings per share. Illinois Tool Works’s revenue for the quarter was up 4.6% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, sell-side analysts expect that Illinois Tool Works Inc. will post 11.37 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be given a dividend of $1.61 per share. The ex-dividend date is Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.5%. Illinois Tool Works’s dividend payout ratio is currently 59.80%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ITW. Evercore decreased their price objective on shares of Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Weiss Ratings lowered shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. dropped their price target on shares of Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Wolfe Research upped their price target on shares of Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a research report on Friday, February 27th. Finally, Wells Fargo & Company upped their price target on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $271.92.

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.