Grandfield & Dodd LLC Makes New $43.59 Million Investment in Illinois Tool Works Inc. $ITW

Grandfield & Dodd LLC purchased a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 161,171 shares of the industrial products company’s stock, valued at approximately $43,592,000. Illinois Tool Works accounts for approximately 2.3% of Grandfield & Dodd LLC’s portfolio, making the stock its 11th largest holding.

A number of other institutional investors have also made changes to their positions in ITW. Cresta Advisors Ltd. acquired a new position in shares of Illinois Tool Works during the 4th quarter worth about $25,000. Motiv8 Investments LLC acquired a new stake in Illinois Tool Works in the 4th quarter valued at approximately $27,000. Kemnay Advisory Services Inc. acquired a new stake in Illinois Tool Works in the 4th quarter valued at approximately $27,000. Ares Financial Consulting LLC bought a new position in Illinois Tool Works in the 4th quarter worth approximately $31,000. Finally, Wilkerson Advisory Group LLC lifted its holdings in shares of Illinois Tool Works by 77.6% during the first quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock worth $31,000 after buying an additional 52 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors.

Insider Activity

In other Illinois Tool Works news, Director Jennifer F. Scanlon bought 806 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the transaction, the director owned 1,652 shares in the company, valued at approximately $409,679.48. The trade was a 95.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Matteo C. Pigozzo sold 277 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $289.22, for a total transaction of $80,113.94. Following the completion of the sale, the chief accounting officer directly owned 3,394 shares in the company, valued at approximately $981,612.68. The trade was a 7.55% decrease in their position. The SEC filing for this sale provides additional information. 0.83% of the stock is currently owned by insiders.

Illinois Tool Works Stock Performance

ITW opened at $287.63 on Tuesday. The stock’s 50 day simple moving average is $275.71 and its 200-day simple moving average is $270.94. The company has a current ratio of 1.11, a quick ratio of 0.81 and a debt-to-equity ratio of 2.26. The stock has a market cap of $81.92 billion, a PE ratio of 26.08, a P/E/G ratio of 4.91 and a beta of 0.99. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15.

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

Illinois Tool Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s payout ratio is 58.39%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ITW. The Goldman Sachs Group reissued a “sell” rating and issued a $254.00 price objective on shares of Illinois Tool Works in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Wells Fargo & Company increased their price target on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a report on Monday, May 4th. UBS Group restated a “neutral” rating and issued a $300.00 price target on shares of Illinois Tool Works in a research report on Wednesday, July 29th. Finally, Robert W. Baird upped their price objective on shares of Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $281.25.

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.