Tradewinds LLC. Trims Stake in Illinois Tool Works Inc. $ITW

Tradewinds LLC. lowered its position in Illinois Tool Works Inc. (NYSE:ITW) by 7.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,619 shares of the industrial products company’s stock after selling 2,010 shares during the quarter. Illinois Tool Works comprises approximately 2.4% of Tradewinds LLC.’s portfolio, making the stock its 15th largest holding. Tradewinds LLC.’s holdings in Illinois Tool Works were worth $6,545,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cresta Advisors Ltd. bought a new position in Illinois Tool Works in the 4th quarter worth about $25,000. Motiv8 Investments LLC bought a new stake in shares of Illinois Tool Works during the 4th quarter valued at about $27,000. Kemnay Advisory Services Inc. purchased a new position in shares of Illinois Tool Works during the fourth quarter worth about $27,000. Lodestone Wealth Management LLC purchased a new position in shares of Illinois Tool Works during the fourth quarter worth about $28,000. Finally, Beacon Financial Strategies CORP bought a new position in shares of Illinois Tool Works in the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Trading Up 0.1%

ITW stock opened at $269.18 on Monday. The company has a market capitalization of $77.44 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 4.62 and a beta of 1.00. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. The company’s 50 day moving average price is $258.05 and its two-hundred day moving average price is $265.32.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the prior year, the company earned $2.38 EPS. The firm’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. As a group, analysts predict 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 declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were given a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio is presently 59.80%.

Insider Activity

In related news, Director Jennifer F. Scanlon acquired 806 shares of Illinois Tool Works stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average cost of $247.99 per share, with a total value of $199,879.94. Following the completion of the purchase, the director owned 1,652 shares of the company’s stock, valued at $409,679.48. This represents a 95.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

ITW has been the subject of several research analyst reports. Citigroup lifted their target price on shares of Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Wells Fargo & Company lifted their price objective on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a report on Monday, May 4th. The Goldman Sachs Group reiterated a “sell” rating and issued a $254.00 target price on shares of Illinois Tool Works in a research report on Thursday, April 30th. Weiss Ratings cut Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Evercore lowered their price target on Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $272.85.

About Illinois Tool Works

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.