Illinois Tool Works Inc. $ITW Shares Sold by Klingenstein Fields & Co. LP

Klingenstein Fields & Co. LP lowered its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 7.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 28,118 shares of the industrial products company’s stock after selling 2,142 shares during the quarter. Klingenstein Fields & Co. LP’s holdings in Illinois Tool Works were worth $6,925,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ITW. Cresta Advisors Ltd. acquired a new stake in Illinois Tool Works during the 4th quarter worth about $25,000. Lodestone Wealth Management LLC acquired a new stake in Illinois Tool Works during the 4th quarter worth about $28,000. Beacon Financial Strategies CORP acquired a new stake in Illinois Tool Works during the 4th quarter worth about $29,000. Ares Financial Consulting LLC acquired a new stake in Illinois Tool Works during the 4th quarter worth about $31,000. Finally, Meeder Asset Management Inc. lifted its position in Illinois Tool Works by 215.0% during the 4th quarter. Meeder Asset Management Inc. now owns 126 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 86 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Price Performance

Shares of Illinois Tool Works stock opened at $257.22 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. Illinois Tool Works Inc. has a twelve month low of $238.82 and a twelve month high of $303.15. The business has a 50-day moving average price of $258.18 and a 200 day moving average price of $262.87. The firm has a market cap of $74.00 billion, a PE ratio of 23.88, a P/E/G ratio of 4.37 and a beta of 1.01.

Illinois Tool Works (NYSE:ITW) last announced 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. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the business earned $2.38 EPS. Illinois Tool Works’s revenue for the quarter was up 4.6% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, June 30th. Illinois Tool Works’s payout ratio is currently 59.80%.

Insider Buying and Selling at Illinois Tool Works

In other Illinois Tool Works news, Director Jennifer F. Scanlon purchased 806 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the purchase, the director directly owned 1,652 shares in the company, valued at approximately $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ITW has been the subject of a number of recent research reports. Barclays reduced their price objective 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. JPMorgan Chase & Co. reduced their price objective on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Citigroup lifted their price objective on Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Evercore reduced their price objective on Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Finally, Wells Fargo & Company lifted their price objective on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $271.92.

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.