Rockefeller Capital Management L.P. Buys 53,793 Shares of Illinois Tool Works Inc. $ITW

Rockefeller Capital Management L.P. raised its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 79.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 121,160 shares of the industrial products company’s stock after purchasing an additional 53,793 shares during the period. Rockefeller Capital Management L.P.’s holdings in Illinois Tool Works were worth $29,842,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Meridian Wealth Management LLC grew its holdings in Illinois Tool Works by 1.3% during the 4th quarter. Meridian Wealth Management LLC now owns 2,818 shares of the industrial products company’s stock valued at $694,000 after buying an additional 37 shares in the last quarter. Winnow Wealth LLC lifted its stake in Illinois Tool Works by 1.0% in the fourth quarter. Winnow Wealth LLC now owns 3,809 shares of the industrial products company’s stock worth $941,000 after purchasing an additional 37 shares during the last quarter. Mayflower Financial Advisors LLC boosted its holdings in Illinois Tool Works by 3.8% during the 4th quarter. Mayflower Financial Advisors LLC now owns 1,065 shares of the industrial products company’s stock valued at $262,000 after acquiring an additional 39 shares during the period. Revisor Wealth Management LLC grew its holdings in shares of Illinois Tool Works by 1.4% in the fourth quarter. Revisor Wealth Management LLC now owns 2,841 shares of the industrial products company’s stock worth $734,000 after purchasing an additional 39 shares during the last quarter. Finally, Concord Asset Management LLC VA increased its position in shares of Illinois Tool Works by 1.1% during the fourth quarter. Concord Asset Management LLC VA now owns 3,591 shares of the industrial products company’s stock worth $884,000 after acquiring an additional 39 shares during the period. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Price Performance

Illinois Tool Works stock opened at $265.66 on Tuesday. Illinois Tool Works Inc. has a 52-week low of $238.82 and a 52-week high of $303.15. The firm has a market capitalization of $76.43 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 4.54 and a beta of 1.01. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. The company has a fifty day simple moving average of $258.33 and a 200-day simple moving average of $263.66.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.09. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the company posted $2.38 EPS. The business’s revenue 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, equities analysts anticipate that Illinois Tool Works Inc. will post 11.37 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be given a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 59.80%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ITW. Weiss Ratings downgraded Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. 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. Wolfe Research boosted their target price on shares of Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a research report on Friday, February 27th. Evercore cut their price objective on Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a report on Friday, May 1st. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, Illinois Tool Works has a consensus rating of “Reduce” and an average target price of $271.92.

Insider Activity at Illinois Tool Works

In other 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 price of $247.99 per share, with a total value of $199,879.94. Following the transaction, the director owned 1,652 shares in the company, valued at $409,679.48. This represents a 95.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.83% of the company’s stock.

About Illinois Tool Works

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.