Integrity Alliance LLC. Sells 7,557 Shares of Illinois Tool Works Inc. $ITW

Integrity Alliance LLC. decreased its stake in Illinois Tool Works Inc. (NYSE:ITW) by 53.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,474 shares of the industrial products company’s stock after selling 7,557 shares during the period. Integrity Alliance LLC.’s holdings in Illinois Tool Works were worth $1,601,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Creekmur Asset Management LLC grew its holdings in shares of Illinois Tool Works by 16.1% in the 2nd quarter. Creekmur Asset Management LLC now owns 1,374 shares of the industrial products company’s stock valued at $340,000 after acquiring an additional 191 shares in the last quarter. UNIVEST FINANCIAL Corp grew its position in shares of Illinois Tool Works by 12.6% in the 2nd quarter. UNIVEST FINANCIAL Corp now owns 1,785 shares of the industrial products company’s stock valued at $441,000 after acquiring an additional 200 shares during the period. AdvisorShares Investments LLC bought a new position in shares of Illinois Tool Works in the 2nd quarter valued at about $43,000. Strs Ohio grew its position in shares of Illinois Tool Works by 9.2% in the 2nd quarter. Strs Ohio now owns 71,507 shares of the industrial products company’s stock valued at $17,680,000 after acquiring an additional 6,026 shares during the period. Finally, Amalgamated Bank grew its position in shares of Illinois Tool Works by 0.6% in the 2nd quarter. Amalgamated Bank now owns 57,134 shares of the industrial products company’s stock valued at $14,126,000 after acquiring an additional 360 shares during the period. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

NYSE ITW opened at $244.08 on Friday. The firm has a 50-day moving average of $257.51 and a 200-day moving average of $252.28. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.11 and a current ratio of 1.53. The stock has a market cap of $70.81 billion, a PE ratio of 23.67, a P/E/G ratio of 4.10 and a beta of 1.10. Illinois Tool Works Inc. has a 52-week low of $214.66 and a 52-week 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 analysts’ consensus estimates of $2.72 by $0.09. The company had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Illinois Tool Works had a net margin of 19.05% and a return on equity of 93.26%. Illinois Tool Works’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.91 EPS. Illinois Tool Works has set its FY 2025 guidance at 10.400-10.500 EPS. On average, sell-side analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup lifted their price objective on shares of Illinois Tool Works from $254.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Truist Financial decreased their price objective on shares of Illinois Tool Works from $298.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, October 27th. Barclays lifted their price objective on shares of Illinois Tool Works from $243.00 to $244.00 and gave the company an “underweight” rating in a research report on Monday. Robert W. Baird set a $265.00 price objective on shares of Illinois Tool Works in a research report on Monday. Finally, Wells Fargo & Company decreased their price objective on shares of Illinois Tool Works from $250.00 to $245.00 and set an “underweight” rating for the company in a research report on Monday. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $262.00.

Insider Transactions at Illinois Tool Works

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 value of $1,803,074.16. Following the completion of the sale, the chief accounting officer owned 10,314 shares of the company’s stock, valued at $2,734,035.12. The trade was a 39.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.88% of the stock is owned by corporate insiders.

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.