Sawyer & Company Inc Acquires New Shares in Illinois Tool Works Inc. $ITW

Sawyer & Company Inc bought a new position in Illinois Tool Works Inc. (NYSE:ITW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,799 shares of the industrial products company’s stock, valued at approximately $2,778,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its holdings in shares of Illinois Tool Works by 0.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 10,915 shares of the industrial products company’s stock valued at $2,907,000 after purchasing an additional 56 shares during the last quarter. Capstone Capital Management Ltd purchased a new position in shares of Illinois Tool Works during the third quarter valued at about $966,000. Range Financial Group LLC increased its holdings in shares of Illinois Tool Works by 13.2% in the third quarter. Range Financial Group LLC now owns 5,355 shares of the industrial products company’s stock worth $1,378,000 after purchasing an additional 625 shares during the last quarter. Newman Dignan & Sheerar Inc. increased its holdings in shares of Illinois Tool Works by 8.3% in the third quarter. Newman Dignan & Sheerar Inc. now owns 3,165 shares of the industrial products company’s stock worth $814,000 after purchasing an additional 242 shares during the last quarter. Finally, Cushing Capital Partners LLC lifted its position in shares of Illinois Tool Works by 1.6% in the third quarter. Cushing Capital Partners LLC now owns 2,939 shares of the industrial products company’s stock worth $756,000 after buying an additional 46 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Trading Up 0.9%

ITW traded up $2.41 during trading on Wednesday, reaching $277.38. The company had a trading volume of 300,205 shares, compared to its average volume of 1,368,505. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26. The business has a 50 day simple moving average of $272.67 and a 200-day simple moving average of $268.64. The stock has a market cap of $79.00 billion, a P/E ratio of 25.11, a PEG ratio of 2.92 and a beta of 0.96. 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 posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.04. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.19 billion. During the same quarter in the previous year, the business posted $2.58 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, equities analysts anticipate that Illinois Tool Works Inc. will post 11.42 EPS for the current fiscal year.

Illinois Tool Works Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Wednesday, September 30th were paid a dividend of $1.72 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s dividend payout ratio is presently 62.38%.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, CAO Matteo C. Pigozzo sold 277 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $289.22, for a total value of $80,113.94. Following the completion of the sale, the chief accounting officer owned 3,394 shares of the company’s stock, valued at $981,612.68. This trade represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ernest Santi sold 41,431 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total transaction of $11,894,425.79. Following the completion of the sale, the director directly owned 266,288 shares of the company’s stock, valued at approximately $76,448,621.92. The trade was a 13.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on ITW. Deutsche Bank Aktiengesellschaft dropped their price target on Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating for the company in a research note on Wednesday, September 30th. Wolfe Research reaffirmed an “underperform” rating and issued a $286.00 price objective on shares of Illinois Tool Works in a research note on Thursday, July 9th. Robert W. Baird upped their price objective on Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Citigroup reaffirmed a “neutral” rating on shares of Illinois Tool Works in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. downgraded Illinois Tool Works from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $350.00 to $270.00 in a research report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $273.42.

Illinois Tool Works Profile

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces specialized equipment, components, consumables and systems for customers in a range of industries. Founded in 1912 and headquartered in Glenview, Illinois, the company serves markets worldwide through a portfolio of highly engineered businesses.

ITW’s operations include food equipment, automotive components, welding products, test and measurement equipment, electronics materials, polymers and fluids, construction products, and specialty products.