Pacer Advisors Inc. Has $5.88 Million Stock Holdings in Illinois Tool Works Inc. $ITW

Pacer Advisors Inc. lessened its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 27.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,581 shares of the industrial products company’s stock after selling 8,518 shares during the period. Pacer Advisors Inc.’s holdings in Illinois Tool Works were worth $5,878,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Cresta Advisors Ltd. acquired a new position in Illinois Tool Works in the fourth quarter valued at $25,000. Motiv8 Investments LLC bought a new stake in shares of Illinois Tool Works during the 4th quarter valued at about $27,000. Kemnay Advisory Services Inc. acquired a new stake in Illinois Tool Works during the fourth quarter worth approximately $27,000. Ares Financial Consulting LLC bought a new position in shares of Illinois Tool Works during the 4th quarter worth approximately $31,000. Finally, Wilkerson Advisory Group LLC grew its position in shares of Illinois Tool Works by 77.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock worth $31,000 after buying an additional 52 shares during the period. 79.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Jennifer F. Scanlon purchased 806 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was acquired at an average cost of $247.99 per share, with a total value of $199,879.94. Following the transaction, the director owned 1,652 shares of the company’s stock, valued at $409,679.48. This represents a 95.27% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.83% of the company’s stock.

Illinois Tool Works Price Performance

Shares of NYSE ITW opened at $297.28 on Thursday. The stock has a market cap of $85.53 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 4.98 and a beta of 0.99. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.81 and a current ratio of 1.11. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The firm’s 50-day simple moving average is $268.86 and its 200 day simple moving average is $269.08.

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

Illinois Tool Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were issued a dividend of $1.61 per share. The ex-dividend date was Tuesday, June 30th. This represents a $6.44 annualized dividend and a yield of 2.2%. Illinois Tool Works’s dividend payout ratio is 58.39%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ITW. Wolfe Research restated an “underperform” rating and issued a $286.00 target price on shares of Illinois Tool Works in a research note on Thursday, July 9th. Truist Financial raised their price objective on Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Evercore lowered their target price on Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Wells Fargo & Company increased their target price on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a report on Monday, May 4th. Finally, Robert W. Baird lifted their price target on shares of Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $281.25.

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.