Illinois Tool Works Inc. $ITW Position Increased by NewEdge Wealth LLC

NewEdge Wealth LLC increased its stake in Illinois Tool Works Inc. (NYSE:ITW) by 90.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,976 shares of the industrial products company’s stock after purchasing an additional 5,209 shares during the period. NewEdge Wealth LLC’s holdings in Illinois Tool Works were worth $2,703,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ITW. Cresta Advisors Ltd. bought a new stake in shares of Illinois Tool Works in the 4th quarter worth approximately $25,000. Lodestone Wealth Management LLC bought a new stake in Illinois Tool Works during the 4th quarter valued at $28,000. Beacon Financial Strategies CORP bought a new stake in Illinois Tool Works during the 4th quarter valued at $29,000. Ares Financial Consulting LLC bought a new stake in Illinois Tool Works during the 4th quarter valued at $31,000. Finally, MTM Investment Management LLC raised its stake in Illinois Tool Works by 70.5% during the 3rd quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 67 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on ITW shares. Citigroup lifted their target price on Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. cut their target price on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. The Goldman Sachs Group reaffirmed a “sell” rating and set a $254.00 target price on shares of Illinois Tool Works in a research note on Thursday, April 30th. Barclays cut their target price on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Illinois Tool Works in a research note on Monday, April 27th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $271.92.

Illinois Tool Works Stock Performance

Shares of ITW stock opened at $251.66 on Wednesday. Illinois Tool Works Inc. has a 1-year low of $238.82 and a 1-year high of $303.15. 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 company has a market capitalization of $72.40 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 4.34 and a beta of 1.04. The stock’s fifty day simple moving average is $266.49 and its 200-day simple moving average is $262.03.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.38 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, sell-side analysts predict that Illinois Tool Works Inc. will post 11.36 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

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

Illinois Tool Works 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.