Windle Wealth LLC Buys 1,073 Shares of Illinois Tool Works Inc. $ITW

Windle Wealth LLC grew its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 3.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,793 shares of the industrial products company’s stock after acquiring an additional 1,073 shares during the quarter. Illinois Tool Works comprises approximately 3.5% of Windle Wealth LLC’s portfolio, making the stock its 21st biggest position. Windle Wealth LLC’s holdings in Illinois Tool Works were worth $7,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ITW. Auto Owners Insurance Co raised its position in Illinois Tool Works by 55,978.4% in the 1st quarter. Auto Owners Insurance Co now owns 1,430,000 shares of the industrial products company’s stock worth $354,654,000 after buying an additional 1,427,450 shares during the last quarter. Nuveen LLC purchased a new position in Illinois Tool Works in the 1st quarter worth about $293,928,000. JPMorgan Chase & Co. raised its position in Illinois Tool Works by 14.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,265,005 shares of the industrial products company’s stock worth $313,734,000 after buying an additional 160,009 shares during the last quarter. Citigroup Inc. raised its position in Illinois Tool Works by 50.5% in the 1st quarter. Citigroup Inc. now owns 371,034 shares of the industrial products company’s stock worth $92,020,000 after buying an additional 124,443 shares during the last quarter. Finally, Aberdeen Group plc raised its position in Illinois Tool Works by 118.7% in the 1st quarter. Aberdeen Group plc now owns 223,227 shares of the industrial products company’s stock worth $54,789,000 after buying an additional 121,141 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Illinois Tool Works news, CAO Randall J. Scheuneman sold 6,802 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $265.08, for a total value of $1,803,074.16. Following the completion of the transaction, the chief accounting officer directly owned 10,314 shares in the company, valued at $2,734,035.12. This represents a 39.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.88% of the stock is owned by insiders.

Illinois Tool Works Trading Down 1.1%

Shares of NYSE:ITW opened at $252.91 on Thursday. The stock has a 50 day moving average of $261.33 and a 200 day moving average of $251.09. The company has a market cap of $73.72 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 5.65 and a beta of 1.10. The company has a current ratio of 1.59, a quick ratio of 1.15 and a debt-to-equity ratio of 2.40. Illinois Tool Works Inc. has a 12-month low of $214.66 and a 12-month high of $279.13.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.02. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.01 billion. Illinois Tool Works had a return on equity of 90.89% and a net margin of 21.31%.The firm’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $2.54 EPS. Illinois Tool Works has set its FY 2025 guidance at 10.350-10.550 EPS. As a group, equities research analysts expect that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th will be paid a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, September 30th. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.50. Illinois Tool Works’s dividend payout ratio is currently 56.44%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Evercore ISI set a $265.00 target price on Illinois Tool Works and gave the stock an “underperform” rating in a research report on Tuesday, August 19th. Truist Financial upped their price target on shares of Illinois Tool Works from $283.00 to $298.00 and gave the company a “hold” rating in a research report on Wednesday. UBS Group upped their price target on shares of Illinois Tool Works from $243.00 to $255.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Barclays upped their price target on shares of Illinois Tool Works from $240.00 to $243.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Finally, Citigroup upped their price target on shares of Illinois Tool Works from $254.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Illinois Tool Works presently has an average rating of “Reduce” and a consensus target price of $262.83.

About Illinois Tool Works

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.