Hara Capital LLC Purchases Shares of 2,035 Illinois Tool Works Inc. $ITW

Hara Capital LLC purchased a new position in shares of Illinois Tool Works Inc. (NYSE:ITW) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,035 shares of the industrial products company’s stock, valued at approximately $554,000.

A number of other large investors also recently modified their holdings of the business. Cresta Advisors Ltd. acquired a new stake in shares of Illinois Tool Works in the fourth quarter valued at about $25,000. Motiv8 Investments LLC acquired a new position in Illinois Tool Works during the fourth quarter valued at approximately $27,000. Kemnay Advisory Services Inc. acquired a new position in Illinois Tool Works during the fourth quarter valued at approximately $27,000. Ares Financial Consulting LLC bought a new position in Illinois Tool Works in the fourth quarter valued at approximately $31,000. Finally, Wilkerson Advisory Group LLC increased its position in shares of Illinois Tool Works by 77.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 52 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Illinois Tool Works Trading Down 0.6%

Shares of NYSE:ITW opened at $282.49 on Friday. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15. The stock has a market cap of $80.45 billion, a PE ratio of 25.61, a P/E/G ratio of 4.80 and a beta of 0.99. The business has a 50 day moving average of $277.50 and a 200-day moving average of $271.42. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.04. The business had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, equities research analysts forecast that Illinois Tool Works Inc. will post 11.45 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be given a $1.72 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.4%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 58.39%.

Insider Activity

In related news, CAO Matteo C. Pigozzo sold 277 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $289.22, for a total value of $80,113.94. Following the transaction, the chief accounting officer directly owned 3,394 shares in the company, valued at approximately $981,612.68. This represents a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jennifer F. Scanlon acquired 806 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average price of $247.99 per share, with a total value of $199,879.94. Following the purchase, the director directly owned 1,652 shares in the company, valued at approximately $409,679.48. This represents a 95.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ITW. Wolfe Research reissued an “underperform” rating and issued a $286.00 price objective on shares of Illinois Tool Works in a report on Thursday, July 9th. Evercore dropped their price target on shares of Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Wells Fargo & Company increased their price target on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research note on Monday, May 4th. UBS Group reissued a “neutral” rating and issued a $300.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Illinois Tool Works has a consensus rating of “Reduce” and an average target price of $281.25.

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.