Illinois Tool Works Inc. $ITW Shares Purchased by Compass Capital Management Inc.

Compass Capital Management Inc. raised its stake in Illinois Tool Works Inc. (NYSE:ITW) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 230,783 shares of the industrial products company’s stock after acquiring an additional 1,728 shares during the quarter. Illinois Tool Works makes up approximately 3.1% of Compass Capital Management Inc.’s investment portfolio, making the stock its 21st largest position. Compass Capital Management Inc. owned approximately 0.08% of Illinois Tool Works worth $57,061,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC purchased a new stake in Illinois Tool Works during the second quarter worth $25,000. SOA Wealth Advisors LLC. raised its position in shares of Illinois Tool Works by 90.9% in the second quarter. SOA Wealth Advisors LLC. now owns 105 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 50 shares during the period. Saudi Central Bank purchased a new stake in shares of Illinois Tool Works during the 1st quarter worth about $29,000. 1248 Management LLC acquired a new stake in shares of Illinois Tool Works during the 1st quarter valued at about $30,000. Finally, Banque Transatlantique SA purchased a new position in shares of Illinois Tool Works in the 1st quarter valued at about $30,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

Illinois Tool Works Stock Up 0.5%

Shares of NYSE ITW opened at $245.47 on Monday. The company has a market capitalization of $71.21 billion, a P/E ratio of 23.81, a P/E/G ratio of 4.10 and a beta of 1.11. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.53 and a quick ratio of 1.11. The company has a 50 day simple moving average of $255.34 and a 200-day simple moving average of $253.00. Illinois Tool Works Inc. has a 1 year low of $214.66 and a 1 year high of $279.13.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Friday, October 24th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.09. Illinois Tool Works had a return on equity of 93.26% and a net margin of 19.05%.The company had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the firm earned $3.91 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Illinois Tool Works has set its FY 2025 guidance at 10.400-10.500 EPS. On average, equities research analysts predict that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Wednesday, December 31st. Illinois Tool Works’s dividend payout ratio is 62.46%.

Insiders Place Their Bets

In other Illinois Tool Works news, CAO Randall J. Scheuneman sold 6,802 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $265.08, for a total transaction of $1,803,074.16. Following the sale, the chief accounting officer directly owned 10,314 shares in the company, valued at $2,734,035.12. This represents a 39.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pamela B. Strobel sold 1,521 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $245.25, for a total transaction of $373,025.25. Following the completion of the transaction, the director directly owned 39,249 shares of the company’s stock, valued at approximately $9,625,817.25. The trade was a 3.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on Illinois Tool Works from $255.00 to $261.00 and gave the company a “hold” rating in a research report on Thursday, July 31st. Wells Fargo & Company cut their price target on shares of Illinois Tool Works from $250.00 to $245.00 and set an “underweight” rating for the company in a report on Monday, October 27th. Robert W. Baird set a $265.00 price objective on shares of Illinois Tool Works in a report on Monday, October 27th. Barclays raised their price target on shares of Illinois Tool Works from $243.00 to $244.00 and gave the company an “underweight” rating in a research note on Monday, October 27th. Finally, Evercore ISI set a $265.00 price objective on Illinois Tool Works and gave the stock an “underperform” rating in a research note on Tuesday, August 19th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $262.00.

About Illinois Tool Works

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.