ARQ Wealth Advisors LLC Takes $666,000 Position in Illinois Tool Works Inc. $ITW

ARQ Wealth Advisors LLC purchased a new stake in Illinois Tool Works Inc. (NYSE:ITW) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,560 shares of the industrial products company’s stock, valued at approximately $666,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Siemens Fonds Invest GmbH raised its stake 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 purchasing an additional 7,508 shares during the last quarter. Hudson Bay Capital Management LP increased its stake in Illinois Tool Works by 123.4% in the 3rd quarter. Hudson Bay Capital Management LP now owns 23,063 shares of the industrial products company’s stock valued at $6,014,000 after buying an additional 12,741 shares during the period. Gradient Investments LLC raised its position in Illinois Tool Works by 691.3% during the 4th quarter. Gradient Investments LLC now owns 62,677 shares of the industrial products company’s stock worth $15,437,000 after buying an additional 54,756 shares during the last quarter. Y.D. More Investments Ltd purchased a new position in Illinois Tool Works during the 4th quarter worth $2,498,000. Finally, Orser Capital Management LLC acquired a new stake in shares of Illinois Tool Works in the 4th quarter worth $979,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ITW shares. Wolfe Research reiterated an “underperform” rating and set a $286.00 price target on shares of Illinois Tool Works in a research note on Thursday. Citigroup lifted their price objective on Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Truist Financial boosted their target price on Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. 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. Finally, Evercore reduced their price target on Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Illinois Tool Works has a consensus rating of “Reduce” and a consensus target price of $272.85.

Insider Activity at Illinois Tool Works

In other Illinois Tool Works news, Director Jennifer F. Scanlon acquired 806 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average cost of $247.99 per share, with a total value of $199,879.94. Following the purchase, the director owned 1,652 shares in the company, valued at approximately $409,679.48. The trade was a 95.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.83% of the stock is owned by corporate insiders.

Illinois Tool Works Price Performance

Shares of NYSE:ITW traded up $3.70 during trading on Friday, hitting $269.18. 1,119,475 shares of the stock were exchanged, compared to its average volume of 1,335,010. The company has a market cap of $77.44 billion, a PE ratio of 24.99, a P/E/G ratio of 4.62 and a beta of 1.00. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04. The company has a fifty day moving average price of $258.05 and a two-hundred day moving average price of $265.22. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.Illinois Tool Works’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business posted $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, analysts forecast that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Illinois Tool Works’s payout ratio is 59.80%.

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.