Illinois Tool Works Inc. $ITW Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its position in Illinois Tool Works Inc. (NYSE:ITW) by 2.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 66,286 shares of the industrial products company’s stock after selling 1,668 shares during the period. Yousif Capital Management LLC’s holdings in Illinois Tool Works were worth $16,389,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. von Borstel & Associates Inc. bought a new position in Illinois Tool Works in the 1st quarter worth about $26,000. SOA Wealth Advisors LLC. boosted its holdings in shares of Illinois Tool Works by 90.9% in the second quarter. SOA Wealth Advisors LLC. now owns 105 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 50 shares in the last quarter. Saudi Central Bank bought a new position in shares of Illinois Tool Works in the first quarter valued at approximately $29,000. 1248 Management LLC bought a new position in shares of Illinois Tool Works in the first quarter valued at approximately $30,000. Finally, Banque Transatlantique SA bought a new position in shares of Illinois Tool Works in the first quarter valued at approximately $30,000. Institutional investors own 79.77% of the company’s stock.

Insider Buying and Selling

In related news, CAO Randall J. Scheuneman sold 6,802 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $265.08, for a total value of $1,803,074.16. Following the completion of the transaction, the chief accounting officer owned 10,314 shares of the company’s stock, valued at approximately $2,734,035.12. This trade represents a 39.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.88% of the company’s stock.

Illinois Tool Works Trading Down 1.4%

Illinois Tool Works stock opened at $244.79 on Monday. The company has a 50 day moving average price of $261.04 and a 200 day moving average price of $250.93. Illinois Tool Works Inc. has a 52 week low of $214.66 and a 52 week high of $279.13. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.15 and a current ratio of 1.59. The firm has a market capitalization of $71.36 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 5.41 and a beta of 1.10.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.02. Illinois Tool Works had a net margin of 21.31% and a return on equity of 90.89%. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the business posted $2.54 EPS. The company’s revenue was up .6% on a year-over-year basis. Illinois Tool Works has set its FY 2025 guidance at 10.350-10.550 EPS. Research analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Tuesday, September 30th were paid a $1.61 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $6.44 dividend on an annualized basis and a yield of 2.6%. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.50. Illinois Tool Works’s dividend payout ratio (DPR) is 56.44%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ITW. Weiss Ratings reiterated a “buy (b)” rating on shares of Illinois Tool Works in a report on Wednesday, October 8th. Citigroup increased their target price on shares of Illinois Tool Works from $254.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Evercore ISI set a $265.00 target price on shares of Illinois Tool Works and gave the company an “underperform” rating in a research note on Tuesday, August 19th. Truist Financial increased their target price on shares of Illinois Tool Works from $283.00 to $298.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft increased 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 note on Thursday, October 2nd. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Illinois Tool Works presently has an average rating of “Reduce” and a consensus target price of $262.83.

Illinois Tool Works Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.