Kingdom Financial Group LLC. Buys New Position in Illinois Tool Works Inc. $ITW

Kingdom Financial Group LLC. bought a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,584 shares of the industrial products company’s stock, valued at approximately $883,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ITW. Northwestern Mutual Wealth Management Co. boosted its position in shares of Illinois Tool Works by 1,517.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 390,022 shares of the industrial products company’s stock valued at $96,062,000 after purchasing an additional 365,915 shares in the last quarter. Caisse de depot et placement du Quebec boosted its position in shares of Illinois Tool Works by 293.0% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 424,547 shares of the industrial products company’s stock valued at $110,705,000 after purchasing an additional 316,512 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Illinois Tool Works by 316.3% during the 4th quarter. SG Americas Securities LLC now owns 366,012 shares of the industrial products company’s stock valued at $90,149,000 after purchasing an additional 278,085 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Illinois Tool Works by 161.3% during the 3rd quarter. Marshall Wace LLP now owns 400,152 shares of the industrial products company’s stock valued at $104,344,000 after purchasing an additional 246,994 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Illinois Tool Works by 10.7% during the 4th quarter. UBS Group AG now owns 2,101,383 shares of the industrial products company’s stock valued at $517,571,000 after purchasing an additional 203,863 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on ITW shares. Wolfe Research upped their target price on Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research report on Friday, February 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Monday, April 27th. Robert W. Baird set a $278.00 price target on Illinois Tool Works in a report on Wednesday, February 4th. Evercore cut their price target on Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Finally, Wells Fargo & Company increased their price target on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Illinois Tool Works presently has a consensus rating of “Reduce” and an average target price of $271.92.

Illinois Tool Works Stock Down 0.3%

Shares of NYSE:ITW opened at $249.94 on Friday. The business’s 50 day simple moving average is $261.93 and its two-hundred day simple moving average is $262.16. The firm has a market cap of $71.91 billion, a P/E ratio of 23.21, a PEG ratio of 4.31 and a beta of 1.04. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. Illinois Tool Works Inc. has a 52-week low of $238.82 and a 52-week high of $303.15.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.09. The business 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 quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.38 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, research analysts forecast that Illinois Tool Works Inc. will post 11.37 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be paid a $1.61 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.6%. Illinois Tool Works’s dividend payout ratio is 59.80%.

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.