Folger Nolan Fleming Douglas Capital Management Inc. Raises Stake in Illinois Tool Works Inc. $ITW

Folger Nolan Fleming Douglas Capital Management Inc. grew its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 4.4% in the first quarter, Holdings Channel reports. The fund owned 60,936 shares of the industrial products company’s stock after acquiring an additional 2,567 shares during the quarter. Illinois Tool Works accounts for about 1.4% of Folger Nolan Fleming Douglas Capital Management Inc.’s portfolio, making the stock its 21st largest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Illinois Tool Works were worth $15,861,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Siemens Fonds Invest GmbH lifted its position in shares of Illinois Tool Works by 70.1% during the third quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company’s stock worth $4,753,000 after acquiring an additional 7,508 shares in the last quarter. Hudson Bay Capital Management LP grew its position in shares of Illinois Tool Works by 123.4% in the third quarter. Hudson Bay Capital Management LP now owns 23,063 shares of the industrial products company’s stock valued at $6,014,000 after purchasing an additional 12,741 shares in the last quarter. Gradient Investments LLC grew its position in shares of Illinois Tool Works by 691.3% in the fourth quarter. Gradient Investments LLC now owns 62,677 shares of the industrial products company’s stock valued at $15,437,000 after purchasing an additional 54,756 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in shares of Illinois Tool Works during the 4th quarter valued at $2,498,000. Finally, Vinva Investment Management Ltd lifted its holdings in Illinois Tool Works by 32.5% during the 3rd quarter. Vinva Investment Management Ltd now owns 76,587 shares of the industrial products company’s stock worth $20,018,000 after purchasing an additional 18,801 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

Insider Transactions at Illinois Tool Works

In related news, Director Jennifer F. Scanlon bought 806 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the transaction, the director directly owned 1,652 shares in the company, valued at $409,679.48. This trade represents a 95.27% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.83% of the stock is currently owned by insiders.

Illinois Tool Works Price Performance

Illinois Tool Works stock opened at $267.62 on Tuesday. The stock has a market cap of $77.00 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 4.60 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 business has a 50-day simple moving average of $258.04 and a 200 day simple moving average of $264.29. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.09. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, research analysts forecast that Illinois Tool Works Inc. will post 11.37 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have commented on ITW. Barclays cut their target price on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research note on Wednesday, April 1st. JPMorgan Chase & Co. lowered their price target on shares of Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Weiss Ratings lowered shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Citigroup boosted their price objective 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. Finally, Wells Fargo & Company upped their target price on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $271.92.

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.