Universal Beteiligungs und Servicegesellschaft mbH Has $47.89 Million Holdings in Illinois Tool Works Inc. $ITW

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Illinois Tool Works Inc. (NYSE:ITW) by 1.2% in the third quarter, HoldingsChannel reports. The fund owned 183,662 shares of the industrial products company’s stock after acquiring an additional 2,234 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Illinois Tool Works were worth $47,892,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Frazier Financial Advisors LLC bought a new position in Illinois Tool Works in the 2nd quarter worth approximately $25,000. Corsicana & Co. acquired a new stake in shares of Illinois Tool Works in the 3rd quarter valued at $26,000. SOA Wealth Advisors LLC. raised its position in shares of Illinois Tool Works by 90.9% during the second quarter. SOA Wealth Advisors LLC. now owns 105 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 50 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Illinois Tool Works during the second quarter valued at $31,000. Finally, Vermillion & White Wealth Management Group LLC boosted its holdings in Illinois Tool Works by 103.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 63 shares during the last quarter. 79.77% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Pamela B. Strobel sold 1,521 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $245.25, for a total transaction of $373,025.25. Following the completion of the transaction, the director directly owned 39,249 shares of the company’s stock, valued at $9,625,817.25. This represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.88% of the stock is owned by corporate insiders.

Illinois Tool Works Price Performance

NYSE ITW opened at $260.03 on Thursday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.11 and a current ratio of 1.53. The stock has a market cap of $75.43 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 13.68 and a beta of 1.15. The business has a 50 day simple moving average of $251.01 and a 200 day simple moving average of $254.86. Illinois Tool Works Inc. has a 52-week low of $214.66 and a 52-week high of $278.13.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results on Friday, October 24th. The industrial products company reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates of $2.72 by $0.09. Illinois Tool Works had a net margin of 19.05% and a return on equity of 93.26%. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the firm posted $3.91 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. Illinois Tool Works has set its FY 2025 guidance at 10.400-10.500 EPS. Analysts anticipate that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 31st were issued a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Wednesday, December 31st. Illinois Tool Works’s dividend payout ratio is 62.46%.

Analyst Ratings Changes

Several analysts have weighed in on ITW shares. Evercore ISI dropped their price objective on Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating for the company in a report on Monday, November 17th. Bank of America raised shares of Illinois Tool Works from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $220.00 to $255.00 in a research note on Tuesday, November 18th. Robert W. Baird set a $265.00 price objective on shares of Illinois Tool Works in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Illinois Tool Works from $265.00 to $268.00 and gave the company a “hold” rating in a research report on Thursday, October 2nd. Finally, Wells Fargo & Company increased their price target on Illinois Tool Works from $245.00 to $250.00 and gave the company an “underweight” rating in a research note on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $261.08.

Illinois Tool Works 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.