Illinois Tool Works Inc. $ITW Stock Holdings Raised by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lifted its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 33.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,115 shares of the industrial products company’s stock after purchasing an additional 531 shares during the period. Foundations Investment Advisors LLC’s holdings in Illinois Tool Works were worth $523,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Illinois Tool Works by 5.3% in the 4th quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock worth $1,399,000 after acquiring an additional 277 shares in the last quarter. Bison Wealth LLC lifted its stake in Illinois Tool Works by 2.3% during the fourth quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock worth $901,000 after purchasing an additional 81 shares during the last quarter. OneAscent Financial Services LLC boosted its holdings in Illinois Tool Works by 25.8% in the first quarter. OneAscent Financial Services LLC now owns 1,664 shares of the industrial products company’s stock worth $416,000 after purchasing an additional 341 shares during the period. IFP Advisors Inc raised its holdings in shares of Illinois Tool Works by 93.7% during the first quarter. IFP Advisors Inc now owns 7,630 shares of the industrial products company’s stock worth $1,893,000 after purchasing an additional 3,690 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Illinois Tool Works by 3.8% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 20,728 shares of the industrial products company’s stock valued at $5,140,000 after buying an additional 751 shares during the period. 79.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

ITW has been the topic of several research reports. Robert W. Baird set a $265.00 price objective on shares of Illinois Tool Works in a research note on Monday, October 27th. UBS Group increased their price target 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. Evercore ISI set a $265.00 price objective on Illinois Tool Works and gave the company an “underperform” rating in a research report on Tuesday, August 19th. Barclays upped their price objective on Illinois Tool Works from $243.00 to $244.00 and gave the stock an “underweight” rating in a research note on Monday, October 27th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a report on Friday, October 31st. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Illinois Tool Works presently has an average rating of “Reduce” and an average target price of $264.69.

Illinois Tool Works Price Performance

Shares of ITW opened at $241.90 on Wednesday. Illinois Tool Works Inc. has a one year low of $214.66 and a one year high of $279.13. The stock’s fifty day moving average is $252.52 and its 200-day moving average is $253.16. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.11 and a current ratio of 1.53. The firm has a market capitalization of $70.18 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 4.10 and a beta of 1.11.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Friday, October 24th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.09. The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.09 billion. Illinois Tool Works had a net margin of 19.05% and a return on equity of 93.26%. Illinois Tool Works’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.91 EPS. Illinois Tool Works has set its FY 2025 guidance at 10.400-10.500 EPS. Equities analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 31st will be paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, December 31st. Illinois Tool Works’s dividend payout ratio (DPR) is currently 62.46%.

Insider Buying and Selling

In other news, Director Pamela B. Strobel sold 1,521 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $245.25, for a total value of $373,025.25. Following the completion of the sale, the director owned 39,249 shares in the company, valued at $9,625,817.25. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Randall J. Scheuneman sold 6,802 shares of Illinois Tool Works stock in a transaction dated 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 transaction, the chief accounting officer directly owned 10,314 shares in the company, valued at approximately $2,734,035.12. The trade was a 39.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.88% of the company’s stock.

Illinois Tool Works Company Profile

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.