Laraway Financial Advisors Inc Makes New Investment in Illinois Tool Works Inc. $ITW

Laraway Financial Advisors Inc acquired a new position in shares of Illinois Tool Works Inc. (NYSE:ITW) during the second quarter, HoldingsChannel reports. The firm acquired 2,150 shares of the industrial products company’s stock, valued at approximately $582,000.

Other large investors also recently made changes to their positions in the company. Cresta Advisors Ltd. bought a new position in shares of Illinois Tool Works in the fourth quarter valued at $25,000. Motiv8 Investments LLC bought a new stake in Illinois Tool Works during the fourth quarter worth $27,000. Kemnay Advisory Services Inc. acquired a new stake in Illinois Tool Works in the fourth quarter valued at $27,000. Abound Wealth Management lifted its stake in Illinois Tool Works by 178.6% in the second quarter. Abound Wealth Management now owns 117 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 75 shares during the last quarter. Finally, Wilkerson Advisory Group LLC grew its position in shares of Illinois Tool Works by 77.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 52 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.

Analysts Set New Price Targets

ITW has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research note on Monday, May 4th. Evercore cut their target price on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. The Goldman Sachs Group reissued a “sell” rating and set a $254.00 price target on shares of Illinois Tool Works in a research report on Thursday, April 30th. UBS Group restated a “neutral” rating and issued a $300.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. raised their price objective on Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Illinois Tool Works presently has a consensus rating of “Reduce” and a consensus target price of $281.25.

Illinois Tool Works Price Performance

NYSE:ITW opened at $290.74 on Friday. The company has a market cap of $82.80 billion, a P/E ratio of 26.36, a P/E/G ratio of 4.91 and a beta of 0.99. The firm’s fifty day moving average price is $275.01 and its two-hundred day moving average price is $270.65. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.11 and a quick ratio of 0.81.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.04. The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. Illinois Tool Works’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. Equities analysts expect that Illinois Tool Works Inc. will post 11.45 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be given a dividend of $1.72 per share. This represents a $6.88 annualized dividend and a yield of 2.4%. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.61. The ex-dividend date is Wednesday, September 30th. Illinois Tool Works’s dividend payout ratio (DPR) is 58.39%.

Insider Transactions at Illinois Tool Works

In other news, Director Jennifer F. Scanlon acquired 806 shares of Illinois Tool Works stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the acquisition, the director directly owned 1,652 shares in the company, valued at approximately $409,679.48. The trade was a 95.27% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.83% of the stock is owned by company insiders.

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.