Curbstone Financial Management Corp Sells 100 Shares of Illinois Tool Works Inc. $ITW

Curbstone Financial Management Corp trimmed its position in Illinois Tool Works Inc. (NYSE:ITW) by 1.8% during the second quarter, Holdings Channel reports. The firm owned 5,344 shares of the industrial products company’s stock after selling 100 shares during the quarter. Curbstone Financial Management Corp’s holdings in Illinois Tool Works were worth $1,321,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ITW. Brighton Jones LLC raised its holdings in Illinois Tool Works by 5.3% in the 4th quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock valued at $1,399,000 after acquiring an additional 277 shares during the period. Bison Wealth LLC boosted its stake in shares of Illinois Tool Works by 2.3% in the fourth quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock valued at $901,000 after buying an additional 81 shares during the period. GAMMA Investing LLC grew its position in Illinois Tool Works by 6.7% during the first quarter. GAMMA Investing LLC now owns 8,329 shares of the industrial products company’s stock worth $2,066,000 after buying an additional 526 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Illinois Tool Works by 84.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 174,983 shares of the industrial products company’s stock valued at $43,397,000 after acquiring an additional 79,872 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC raised its holdings in Illinois Tool Works by 18.6% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,646 shares of the industrial products company’s stock valued at $905,000 after acquiring an additional 571 shares in the last quarter. 79.77% of the stock is owned by institutional investors.

Illinois Tool Works Trading Up 1.0%

Shares of ITW opened at $249.46 on Friday. Illinois Tool Works Inc. has a 52-week low of $214.66 and a 52-week high of $279.13. The business’s fifty day moving average is $260.15 and its 200-day moving average is $250.87. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.15 and a current ratio of 1.59. The firm has a market cap of $72.72 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 5.46 and a beta of 1.10.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.02. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.01 billion. Illinois Tool Works had a return on equity of 90.89% and a net margin of 21.31%.Illinois Tool Works’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 EPS. Illinois Tool Works has set its FY 2025 guidance at 10.350-10.550 EPS. Equities analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th were issued a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 30th. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.50. Illinois Tool Works’s dividend payout ratio (DPR) is presently 56.44%.

Analysts Set New Price Targets

ITW has been the subject of several analyst reports. Evercore ISI set a $265.00 price objective on Illinois Tool Works and gave the company an “underperform” rating in a report on Tuesday, August 19th. UBS Group lifted their price objective on Illinois Tool Works from $243.00 to $255.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on Illinois Tool Works from $265.00 to $268.00 and gave the company a “hold” rating in a report on Thursday, October 2nd. Citigroup lifted their price objective on Illinois Tool Works from $254.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Finally, Wells Fargo & Company lifted their price objective on Illinois Tool Works from $235.00 to $250.00 and gave the company an “underweight” rating in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $262.83.

Insider Buying and Selling

In other Illinois Tool Works news, CAO Randall J. Scheuneman sold 6,802 shares of Illinois Tool Works stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $265.08, for a total transaction of $1,803,074.16. Following the transaction, the chief accounting officer directly owned 10,314 shares of the company’s stock, valued at approximately $2,734,035.12. The trade was a 39.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.88% of the company’s stock.

Illinois Tool Works Company Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.