2,246 Shares in Illinois Tool Works Inc. $ITW Bought by Signet Private Wealth LLC

Signet Private Wealth LLC acquired a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW) in the 4th quarter, Holdings Channel reports. The firm acquired 2,246 shares of the industrial products company’s stock, valued at approximately $553,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ITW. Cresta Advisors Ltd. bought a new stake in shares of Illinois Tool Works in the 4th quarter worth about $25,000. Lodestone Wealth Management LLC bought a new position in shares of Illinois Tool Works in the 4th quarter valued at about $28,000. Beacon Financial Strategies CORP purchased a new position in Illinois Tool Works in the fourth quarter worth about $29,000. Ares Financial Consulting LLC bought a new stake in Illinois Tool Works during the fourth quarter worth approximately $31,000. Finally, Basepoint Wealth LLC bought a new stake in Illinois Tool Works during the fourth quarter worth approximately $32,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

Illinois Tool Works Trading Down 2.3%

Shares of NYSE ITW opened at $250.60 on Thursday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. The business’s 50 day moving average price is $258.36 and its 200-day moving average price is $262.86. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The company has a market cap of $72.10 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 4.41 and a beta of 1.01.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.09. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the business posted $2.38 earnings per share. The company’s revenue for the quarter 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. On average, sell-side analysts expect that Illinois Tool Works Inc. will post 11.37 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio is presently 59.80%.

Insider Buying and Selling at Illinois Tool Works

In other Illinois Tool Works news, Director Jennifer F. Scanlon purchased 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, for a total transaction of $199,879.94. Following the completion of the acquisition, the director owned 1,652 shares in the company, valued at $409,679.48. This represents a 95.27% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ITW shares. Wolfe Research raised their price objective on Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research note on Friday, February 27th. Wells Fargo & Company increased their price target on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a report on Monday, May 4th. The Goldman Sachs Group restated a “sell” rating and issued a $254.00 price target on shares of Illinois Tool Works in a research report on Thursday, April 30th. Barclays cut their price objective on shares of 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. Finally, Citigroup increased 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 note on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $271.92.

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.