Independent Advisor Alliance Sells 6,026 Shares of Illinois Tool Works Inc. $ITW

Independent Advisor Alliance lowered its position in Illinois Tool Works Inc. (NYSE:ITW) by 32.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,544 shares of the industrial products company’s stock after selling 6,026 shares during the period. Independent Advisor Alliance’s holdings in Illinois Tool Works were worth $3,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Cresta Advisors Ltd. purchased a new position in Illinois Tool Works during the 4th quarter valued at $25,000. Lodestone Wealth Management LLC purchased a new position in Illinois Tool Works during the 4th quarter valued at $28,000. Beacon Financial Strategies CORP purchased a new position in Illinois Tool Works during the 4th quarter valued at $29,000. Ares Financial Consulting LLC purchased a new position in Illinois Tool Works during the 4th quarter valued at $31,000. Finally, MTM Investment Management LLC grew its holdings in shares of Illinois Tool Works by 70.5% in the third quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 79.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ITW. UBS Group restated a “neutral” rating and issued a $285.00 price target on shares of Illinois Tool Works in a report on Wednesday, February 4th. Truist Financial upped their price target on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. Wolfe Research raised their target price 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. Barclays reduced their target price on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. reduced their target price on shares of 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. Two equities research 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’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $271.92.

Illinois Tool Works Trading Down 0.5%

NYSE:ITW opened at $250.13 on Thursday. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The firm has a 50 day moving average of $265.67 and a 200 day moving average of $261.98. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. The stock has a market capitalization of $71.96 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 4.32 and a beta of 1.04.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data 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. 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 quarterly 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, sell-side analysts anticipate that Illinois Tool Works Inc. will post 11.36 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be paid 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 2.6%. Illinois Tool Works’s payout ratio 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.