Entropy Technologies LP Sells 8,017 Shares of Illinois Tool Works Inc. $ITW

Entropy Technologies LP cut its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 35.1% during the first quarter, Holdings Channel reports. The fund owned 14,824 shares of the industrial products company’s stock after selling 8,017 shares during the quarter. Entropy Technologies LP’s holdings in Illinois Tool Works were worth $3,859,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ITW. Cresta Advisors Ltd. acquired a new position in shares of Illinois Tool Works in the fourth quarter valued at $25,000. Motiv8 Investments LLC acquired a new stake in shares of Illinois Tool Works during the 4th quarter worth about $27,000. Kemnay Advisory Services Inc. bought a new stake in shares of Illinois Tool Works during the 4th quarter worth about $27,000. Lodestone Wealth Management LLC acquired a new position in Illinois Tool Works in the 4th quarter valued at about $28,000. Finally, Wilkerson Advisory Group LLC raised its holdings in Illinois Tool Works by 77.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 52 shares during the period. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Price Performance

Shares of NYSE:ITW opened at $282.91 on Friday. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86. The company has a market cap of $81.39 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 4.86 and a beta of 1.00. The firm has a 50 day simple moving average of $262.39 and a 200 day simple moving average of $266.96.

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

Illinois Tool Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio (DPR) is currently 59.80%.

Insider Buying and Selling at Illinois Tool Works

In other Illinois Tool Works news, Director Jennifer F. Scanlon bought 806 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the transaction, the director directly owned 1,652 shares in the company, valued at approximately $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ITW. The Goldman Sachs Group restated a “sell” rating and set a $254.00 price objective on shares of Illinois Tool Works in a report on Thursday, April 30th. Wells Fargo & Company increased their target price on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research note on Monday, May 4th. Wolfe Research reissued an “underperform” rating and set a $286.00 price target on shares of Illinois Tool Works in a report on Thursday, July 9th. Citigroup restated a “neutral” rating on shares of Illinois Tool Works in a research note on Monday, July 13th. Finally, Evercore decreased their price objective on Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Illinois Tool Works presently has a consensus rating of “Reduce” and an average price target of $274.00.

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.