Keel Point LLC Reduces Stock Holdings in Illinois Tool Works Inc. $ITW

Keel Point LLC cut its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 18.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,924 shares of the industrial products company’s stock after selling 3,062 shares during the period. Keel Point LLC’s holdings in Illinois Tool Works were worth $3,624,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cresta Advisors Ltd. purchased a new stake in shares of Illinois Tool Works in the 4th quarter valued at approximately $25,000. Motiv8 Investments LLC purchased a new stake in shares of Illinois Tool Works during the 4th quarter valued at approximately $27,000. Kemnay Advisory Services Inc. acquired a new position in Illinois Tool Works in the fourth quarter valued at approximately $27,000. Ares Financial Consulting LLC purchased a new position in Illinois Tool Works in the fourth quarter worth approximately $31,000. Finally, Wilkerson Advisory Group LLC grew its position in Illinois Tool Works by 77.6% in the first quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 52 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, Director Jennifer F. Scanlon bought 806 shares of Illinois Tool Works stock in a transaction on Tuesday, June 2nd. The shares were bought at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the acquisition, the director directly owned 1,652 shares in the company, valued at $409,679.48. This represents a 95.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.83% of the stock is currently owned by company insiders.

Illinois Tool Works Stock Performance

Shares of Illinois Tool Works stock opened at $287.51 on Friday. The stock has a market capitalization of $82.72 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 4.89 and a beta of 1.00. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.11 and a quick ratio of 0.86. The business has a 50-day moving average of $266.31 and a 200 day moving average of $268.26. Illinois Tool Works Inc. has a 12 month low of $238.82 and a 12 month high of $303.15.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.04. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.58 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, sell-side analysts forecast that Illinois Tool Works Inc. will post 11.46 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The firm 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 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio is presently 58.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ITW shares. Wells Fargo & Company lifted their target price on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research report on Monday, May 4th. Evercore lowered their price target on Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Robert W. Baird raised their price objective on Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wolfe Research restated an “underperform” rating and issued a $286.00 price objective on shares of Illinois Tool Works in a report on Thursday, July 9th. Finally, Weiss Ratings cut shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Illinois Tool Works currently has an average rating of “Reduce” and a consensus price target of $281.25.

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.