10,143 Shares in Illinois Tool Works Inc. $ITW Purchased by Y.D. More Investments Ltd

Y.D. More Investments Ltd bought a new stake in Illinois Tool Works Inc. (NYSE:ITW) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,143 shares of the industrial products company’s stock, valued at approximately $2,498,000.

A number of other institutional investors also recently bought and sold shares of ITW. BXM Wealth LLC lifted its stake in Illinois Tool Works by 632.3% during the 4th quarter. BXM Wealth LLC now owns 21,794 shares of the industrial products company’s stock valued at $5,368,000 after acquiring an additional 18,818 shares during the period. Westwood Wealth Management acquired a new stake in shares of Illinois Tool Works in the fourth quarter worth $316,000. Signaturefd LLC raised its holdings in shares of Illinois Tool Works by 6.5% during the fourth quarter. Signaturefd LLC now owns 7,293 shares of the industrial products company’s stock worth $1,796,000 after purchasing an additional 446 shares during the last quarter. eCIO Inc. acquired a new position in Illinois Tool Works during the fourth quarter valued at $144,000. Finally, Ascent Group LLC boosted its holdings in Illinois Tool Works by 4.0% in the fourth quarter. Ascent Group LLC now owns 6,374 shares of the industrial products company’s stock valued at $1,570,000 after purchasing an additional 245 shares during the last quarter. 79.77% of the stock is owned by hedge funds and other institutional investors.

Illinois Tool Works Price Performance

NYSE:ITW opened at $258.38 on Monday. The stock has a 50 day moving average of $276.65 and a two-hundred day moving average of $260.38. Illinois Tool Works Inc. has a 12 month low of $214.66 and a 12 month high of $303.15. The firm has a market cap of $74.43 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 13.82 and a beta of 1.13. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.03. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.07 billion. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, analysts expect that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, March 31st. Illinois Tool Works’s payout ratio is 61.39%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wolfe Research increased their price target on Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a research report on Friday, February 27th. UBS Group restated a “neutral” rating and issued a $285.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Truist Financial raised their target price on Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. Robert W. Baird set a $278.00 price target on Illinois Tool Works in a research report on Wednesday, February 4th. Finally, Barclays lowered their price objective on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 1st. 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 has an average rating of “Reduce” and a consensus price target of $271.85.

Insiders Place Their Bets

In other news, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the completion of the sale, the executive vice president owned 5,789 shares of the company’s stock, valued at $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the completion of the sale, the director owned 258,766 shares of the company’s stock, valued at $75,282,792.38. This trade represents a 39.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is owned by corporate insiders.

Illinois Tool Works Company 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.