Guinness Asset Management LTD Sells 25,716 Shares of Illinois Tool Works Inc. $ITW

Guinness Asset Management LTD cut its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 812,866 shares of the industrial products company’s stock after selling 25,716 shares during the quarter. Illinois Tool Works makes up 3.3% of Guinness Asset Management LTD’s portfolio, making the stock its 16th largest position. Guinness Asset Management LTD’s holdings in Illinois Tool Works were worth $204,355,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cresta Advisors Ltd. bought a new stake in Illinois Tool Works during the 4th quarter worth about $25,000. Lodestone Wealth Management LLC bought a new stake in Illinois Tool Works during the 4th quarter worth about $28,000. Beacon Financial Strategies CORP bought a new stake in Illinois Tool Works during the 4th quarter worth about $29,000. Ares Financial Consulting LLC bought a new stake in Illinois Tool Works during the 4th quarter worth about $31,000. Finally, Lloyd Advisory Services LLC. bought a new stake in Illinois Tool Works during the 4th quarter worth about $39,000. 79.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ITW has been the topic of a number of research analyst reports. Truist Financial upped their target price on shares of Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a report on Wednesday, February 4th. Wolfe Research upped their target price on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a report on Friday, February 27th. Robert W. Baird set a $278.00 target price on shares of Illinois Tool Works in a report on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating and issued a $285.00 target price on shares of Illinois Tool Works in a report on Wednesday, February 4th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $254.00 target price on shares of Illinois Tool Works in a report on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $271.92.

Illinois Tool Works Stock Up 1.0%

Shares of ITW stock opened at $252.34 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. The firm’s 50-day moving average is $261.54 and its 200-day moving average is $262.09. The stock has a market cap of $72.60 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 4.29 and a beta of 1.04. 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 net margin of 19.32% and a return on equity of 97.36%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Sell-side analysts predict that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio is currently 59.80%.

Illinois Tool Works Company Profile

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.