Capstone Capital Management Ltd Purchases New Holdings in Illinois Tool Works Inc. $ITW

Capstone Capital Management Ltd purchased a new position in shares of Illinois Tool Works Inc. (NYSE:ITW) in the 3rd quarter, Holdings Channel reports. The firm purchased 3,754 shares of the industrial products company’s stock, valued at approximately $966,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Continuum Advisory LLC bought a new stake in shares of Illinois Tool Works in the second quarter worth $29,000. Physician Wealth Advisors Inc. grew its position in Illinois Tool Works by 77.8% in the third quarter. Physician Wealth Advisors Inc. now owns 112 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 49 shares in the last quarter. Abound Wealth Management grew its position in Illinois Tool Works by 178.6% in the second quarter. Abound Wealth Management now owns 117 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 75 shares in the last quarter. Wilkerson Advisory Group LLC grew its position in Illinois Tool Works by 77.6% in the first quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 52 shares in the last quarter. Finally, Tacita Capital Inc acquired a new stake in Illinois Tool Works in the 2nd quarter valued at $32,000. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Illinois Tool Works Stock Performance

ITW opened at $275.04 on Wednesday. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15. The stock has a market cap of $78.33 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 2.92 and a beta of 0.96. The business has a 50 day moving average of $272.67 and a 200-day moving average of $268.64. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.04. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%. The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.19 billion. During the same period in the previous year, the firm earned $2.58 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, equities research analysts expect that Illinois Tool Works Inc. will post 11.42 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th were issued a $1.72 dividend. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Wednesday, September 30th. Illinois Tool Works’s dividend payout ratio is presently 62.38%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ITW. Truist Financial reduced their price target on Illinois Tool Works from $308.00 to $297.00 and set a “hold” rating for the company in a research report on Monday, October 5th. Deutsche Bank Aktiengesellschaft decreased their price target on Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating for the company in a research note on Wednesday, September 30th. Robert W. Baird boosted their price target on Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Weiss Ratings cut Illinois Tool Works from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th. Finally, Citigroup reiterated a “neutral” rating on shares of Illinois Tool Works in a research note on Monday, July 13th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Illinois Tool Works presently has an average rating of “Reduce” and a consensus price target of $273.42.

Insider Buying and Selling at Illinois Tool Works

In other news, Director Ernest Santi sold 41,431 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $287.09, for a total value of $11,894,425.79. Following the transaction, the director directly owned 266,288 shares of the company’s stock, valued at $76,448,621.92. This represents a 13.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matteo Pigozzo sold 277 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $289.22, for a total transaction of $80,113.94. Following the sale, the chief accounting officer owned 3,394 shares of the company’s stock, valued at approximately $981,612.68. This represents a 7.55% decrease in their position. The SEC filing for this sale provides additional information. 0.83% of the stock is owned by insiders.

About Illinois Tool Works

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces specialized equipment, components, consumables and systems for customers in a range of industries. Founded in 1912 and headquartered in Glenview, Illinois, the company serves markets worldwide through a portfolio of highly engineered businesses.

ITW’s operations include food equipment, automotive components, welding products, test and measurement equipment, electronics materials, polymers and fluids, construction products, and specialty products.