Westerkirk Capital Inc. Increases Stock Position in Illinois Tool Works Inc. $ITW

Westerkirk Capital Inc. increased its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 71.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 12,500 shares of the industrial products company’s stock after buying an additional 5,200 shares during the period. Westerkirk Capital Inc.’s holdings in Illinois Tool Works were worth $3,079,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Meridian Wealth Management LLC lifted its stake in Illinois Tool Works by 1.3% during the fourth quarter. Meridian Wealth Management LLC now owns 2,818 shares of the industrial products company’s stock worth $694,000 after purchasing an additional 37 shares in the last quarter. Mayflower Financial Advisors LLC lifted its stake in Illinois Tool Works by 3.8% during the fourth quarter. Mayflower Financial Advisors LLC now owns 1,065 shares of the industrial products company’s stock worth $262,000 after purchasing an additional 39 shares in the last quarter. Revisor Wealth Management LLC lifted its stake in Illinois Tool Works by 1.4% during the fourth quarter. Revisor Wealth Management LLC now owns 2,841 shares of the industrial products company’s stock worth $734,000 after purchasing an additional 39 shares in the last quarter. Concord Asset Management LLC VA lifted its stake in Illinois Tool Works by 1.1% during the fourth quarter. Concord Asset Management LLC VA now owns 3,591 shares of the industrial products company’s stock worth $884,000 after purchasing an additional 39 shares in the last quarter. Finally, Planning Alternatives Ltd. ADV lifted its stake in Illinois Tool Works by 2.6% during the fourth quarter. Planning Alternatives Ltd. ADV now owns 1,558 shares of the industrial products company’s stock worth $384,000 after purchasing an additional 39 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on ITW. Barclays decreased their price target on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Wolfe Research increased their price objective on Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research note on Friday, February 27th. Wells Fargo & Company increased their price objective on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research note on Monday, May 4th. The Goldman Sachs Group reiterated a “sell” rating and issued a $254.00 price objective on shares of Illinois Tool Works in a research note on Thursday, April 30th. Finally, Evercore reduced their price objective on Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. One 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 company. Based on data from MarketBeat, Illinois Tool Works has an average rating of “Reduce” and an average price target of $271.92.

Insider Buying and Selling

In other Illinois Tool Works news, Director Jennifer F. Scanlon bought 806 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average price of $247.99 per share, with a total value of $199,879.94. Following the completion of the acquisition, the director directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.83% of the stock is owned by company insiders.

Illinois Tool Works Stock Performance

NYSE:ITW opened at $252.60 on Tuesday. The firm has a market capitalization of $72.67 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 4.34 and a beta of 1.01. The business’s fifty day moving average price is $258.50 and its 200 day moving average price is $262.68. 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 12 month low of $238.82 and a 12 month high of $303.15.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, beating the consensus estimate 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%.Illinois Tool Works’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.38 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, sell-side analysts anticipate that Illinois Tool Works Inc. will post 11.37 earnings per share 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. Investors of record on Tuesday, June 30th will be issued a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, June 30th. 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.