King Luther Capital Management Corp Boosts Holdings in Illinois Tool Works Inc. $ITW

King Luther Capital Management Corp grew its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,149 shares of the industrial products company’s stock after purchasing an additional 8,214 shares during the period. King Luther Capital Management Corp’s holdings in Illinois Tool Works were worth $33,533,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ITW. Meridian Wealth Management LLC boosted its holdings in Illinois Tool Works by 1.3% in the fourth quarter. Meridian Wealth Management LLC now owns 2,818 shares of the industrial products company’s stock worth $694,000 after purchasing an additional 37 shares during the period. Mayflower Financial Advisors LLC boosted its holdings in Illinois Tool Works by 3.8% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,065 shares of the industrial products company’s stock worth $262,000 after purchasing an additional 39 shares during the period. Revisor Wealth Management LLC boosted its holdings in Illinois Tool Works by 1.4% in the fourth quarter. Revisor Wealth Management LLC now owns 2,841 shares of the industrial products company’s stock worth $734,000 after purchasing an additional 39 shares during the period. Concord Asset Management LLC VA boosted its holdings in Illinois Tool Works by 1.1% in the fourth quarter. Concord Asset Management LLC VA now owns 3,591 shares of the industrial products company’s stock worth $884,000 after purchasing an additional 39 shares during the period. Finally, Planning Alternatives Ltd. ADV boosted its holdings in Illinois Tool Works by 2.6% in the fourth quarter. Planning Alternatives Ltd. ADV now owns 1,558 shares of the industrial products company’s stock worth $384,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

Shares of ITW opened at $250.43 on Wednesday. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15. The company has a market cap of $72.05 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 4.33 and a beta of 1.04. 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 has a fifty day moving average of $260.94 and a 200-day moving average of $262.32.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the business earned $2.38 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, equities analysts anticipate that Illinois Tool Works Inc. will post 11.37 earnings per share for the current year.

Illinois Tool Works Announces Dividend

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

Analysts Set New Price Targets

ITW has been the subject of a number of research reports. Barclays decreased their price objective on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a report on Monday, April 27th. UBS Group reissued a “neutral” rating and set a $285.00 price target on shares of Illinois Tool Works in a report on Wednesday, February 4th. Citigroup boosted their price target on shares of Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Evercore reduced their price target on shares of Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target 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.