Kera Capital Partners Inc. Invests $1.17 Million in Illinois Tool Works Inc. $ITW

Kera Capital Partners Inc. acquired a new stake in Illinois Tool Works Inc. (NYSE:ITW) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,463 shares of the industrial products company’s stock, valued at approximately $1,166,000.

Several other large investors have also added to or reduced their stakes in ITW. Siemens Fonds Invest GmbH raised its stake in shares of Illinois Tool Works by 70.1% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company’s stock worth $4,753,000 after purchasing an additional 7,508 shares in the last quarter. Hudson Bay Capital Management LP grew its position in shares of Illinois Tool Works by 123.4% in the 3rd quarter. Hudson Bay Capital Management LP now owns 23,063 shares of the industrial products company’s stock valued at $6,014,000 after acquiring an additional 12,741 shares during the period. Gradient Investments LLC increased its stake in shares of Illinois Tool Works by 691.3% during the 4th quarter. Gradient Investments LLC now owns 62,677 shares of the industrial products company’s stock worth $15,437,000 after purchasing an additional 54,756 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in shares of Illinois Tool Works in the 4th quarter valued at about $2,498,000. Finally, Vinva Investment Management Ltd raised its holdings in shares of Illinois Tool Works by 32.5% in the 3rd quarter. Vinva Investment Management Ltd now owns 76,587 shares of the industrial products company’s stock valued at $20,018,000 after purchasing an additional 18,801 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.

Insider Buying and Selling

In other Illinois Tool Works news, Director Jennifer F. Scanlon acquired 806 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the purchase, the director directly owned 1,652 shares of the company’s stock, valued at $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays reduced their price target on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Evercore reduced their target price on Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. The Goldman Sachs Group restated a “sell” rating and issued a $254.00 price target on shares of Illinois Tool Works in a research note on Thursday, April 30th. Weiss Ratings downgraded Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Wolfe Research lifted their price objective 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. One equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $271.92.

Illinois Tool Works Stock Performance

NYSE:ITW opened at $264.38 on Friday. The stock has a 50 day simple moving average of $258.59 and a 200 day simple moving average of $263.43. The stock has a market cap of $76.06 billion, a P/E ratio of 24.55, a PEG ratio of 4.50 and a beta of 1.01. Illinois Tool Works Inc. has a 1-year low of $238.82 and a 1-year high of $303.15. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04.

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

Illinois Tool Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid a $1.61 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.4%. Illinois Tool Works’s dividend payout ratio is 59.80%.

About Illinois Tool Works

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.