Childress Capital Advisors LLC Has $556,000 Holdings in Illinois Tool Works Inc. $ITW

Childress Capital Advisors LLC lifted its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 37.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,250 shares of the industrial products company’s stock after buying an additional 617 shares during the period. Childress Capital Advisors LLC’s holdings in Illinois Tool Works were worth $556,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ITW. von Borstel & Associates Inc. purchased a new position in shares of Illinois Tool Works during the first quarter valued at approximately $26,000. Saudi Central Bank purchased a new position in shares of Illinois Tool Works during the first quarter valued at approximately $29,000. 1248 Management LLC purchased a new position in shares of Illinois Tool Works during the first quarter valued at approximately $30,000. Banque Transatlantique SA purchased a new position in shares of Illinois Tool Works during the first quarter valued at approximately $30,000. Finally, Nova Wealth Management Inc. purchased a new position in shares of Illinois Tool Works during the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

Shares of ITW opened at $261.08 on Wednesday. The firm has a market cap of $76.10 billion, a PE ratio of 22.88, a PEG ratio of 5.64 and a beta of 1.10. The stock’s fifty day moving average price is $261.57 and its two-hundred day moving average price is $250.92. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.59 and a quick ratio of 1.15. Illinois Tool Works Inc. has a 1 year low of $214.66 and a 1 year high of $279.13.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Wednesday, July 30th. The industrial products company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.02. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.01 billion. Illinois Tool Works had a return on equity of 90.89% and a net margin of 21.31%.The business’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $2.54 earnings per share. Illinois Tool Works has set its FY 2025 guidance at 10.350-10.550 EPS. On average, equities research analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th will be paid a $1.61 dividend. The ex-dividend date is Tuesday, September 30th. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.50. This represents a $6.44 annualized dividend and a dividend yield of 2.5%. Illinois Tool Works’s dividend payout ratio is presently 52.59%.

Insider Activity

In other Illinois Tool Works news, CAO Randall J. Scheuneman sold 6,802 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $265.08, for a total value of $1,803,074.16. Following the sale, the chief accounting officer directly owned 10,314 shares in the company, valued at $2,734,035.12. The trade was a 39.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.88% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on ITW. Evercore ISI set a $265.00 target price on Illinois Tool Works and gave the company an “underperform” rating in a research report on Tuesday, August 19th. Stifel Nicolaus boosted their price objective on Illinois Tool Works from $255.00 to $261.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. UBS Group boosted their price objective on Illinois Tool Works from $243.00 to $255.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Barclays boosted their price objective on Illinois Tool Works from $240.00 to $243.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Finally, Wells Fargo & Company boosted their price objective on Illinois Tool Works from $235.00 to $250.00 and gave the stock an “underweight” rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $260.67.

About Illinois Tool Works

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.