Sequoia Financial Advisors LLC Boosts Stock Position in Illinois Tool Works Inc. $ITW

Sequoia Financial Advisors LLC lifted its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 35.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,071 shares of the industrial products company’s stock after purchasing an additional 2,629 shares during the period. Sequoia Financial Advisors LLC’s holdings in Illinois Tool Works were worth $2,480,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ITW. Caisse de depot et placement du Quebec boosted its holdings in shares of Illinois Tool Works by 293.0% during the third quarter. Caisse de depot et placement du Quebec now owns 424,547 shares of the industrial products company’s stock worth $110,705,000 after purchasing an additional 316,512 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Illinois Tool Works by 316.3% during the fourth quarter. SG Americas Securities LLC now owns 366,012 shares of the industrial products company’s stock worth $90,149,000 after purchasing an additional 278,085 shares during the period. Marshall Wace LLP boosted its holdings in shares of Illinois Tool Works by 161.3% during the third quarter. Marshall Wace LLP now owns 400,152 shares of the industrial products company’s stock worth $104,344,000 after purchasing an additional 246,994 shares during the period. UBS Group AG boosted its holdings in shares of Illinois Tool Works by 10.7% during the fourth quarter. UBS Group AG now owns 2,101,383 shares of the industrial products company’s stock worth $517,571,000 after purchasing an additional 203,863 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Illinois Tool Works by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 26,887,218 shares of the industrial products company’s stock worth $6,622,322,000 after purchasing an additional 189,229 shares during the period. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ITW. Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Monday, April 27th. Barclays lowered their price objective on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. JPMorgan Chase & Co. lowered their price objective on shares of Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a report on Friday, May 1st. The Goldman Sachs Group restated a “sell” rating and issued a $254.00 price objective on shares of Illinois Tool Works in a report on Thursday, April 30th. Finally, Citigroup raised their price objective on shares of Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $270.46.

Illinois Tool Works Stock Performance

Shares of ITW opened at $254.54 on Monday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. The company has a 50-day simple moving average of $268.73 and a two-hundred day simple moving average of $262.06. The firm has a market capitalization of $73.23 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 4.38 and a beta of 1.04.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.09. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the business earned $2.38 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, analysts anticipate that Illinois Tool Works Inc. will post 11.36 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 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.