Morningstar Investment Management LLC Has $5.24 Million Holdings in Illinois Tool Works Inc. $ITW

Morningstar Investment Management LLC cut its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 42.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 21,271 shares of the industrial products company’s stock after selling 15,534 shares during the quarter. Morningstar Investment Management LLC’s holdings in Illinois Tool Works were worth $5,239,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. HBK Sorce Advisory LLC increased its holdings in Illinois Tool Works by 17.4% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,721 shares of the industrial products company’s stock worth $670,000 after buying an additional 403 shares during the last quarter. Todd Asset Management LLC boosted its position in Illinois Tool Works by 4.9% during the fourth quarter. Todd Asset Management LLC now owns 3,552 shares of the industrial products company’s stock worth $875,000 after purchasing an additional 166 shares during the period. Wealthquest Corp bought a new stake in shares of Illinois Tool Works in the fourth quarter valued at about $275,000. Swedbank AB boosted its position in shares of Illinois Tool Works by 12.6% in the fourth quarter. Swedbank AB now owns 94,964 shares of the industrial products company’s stock valued at $23,390,000 after acquiring an additional 10,609 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Illinois Tool Works in the fourth quarter valued at about $576,000. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ITW has been the subject of several recent analyst reports. Wolfe Research upped their price objective on shares of Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a research report on Friday, February 27th. Wells Fargo & Company upped their price objective on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Illinois Tool Works in a report on Monday, April 27th. Evercore decreased their price target on shares of Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $254.00 price objective on shares of Illinois Tool Works in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $271.92.

Illinois Tool Works Stock Performance

NYSE:ITW opened at $252.34 on Monday. The company has a market capitalization of $72.60 billion, a PE ratio of 23.43, a P/E/G ratio of 4.33 and a beta of 1.04. The company has a 50 day simple moving average of $261.54 and a two-hundred day simple moving average of $262.23. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15.

Illinois Tool Works (NYSE:ITW) last released its earnings results 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. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.01 billion. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Research 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. Stockholders of record on Tuesday, June 30th will be given a dividend of $1.61 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.6%. Illinois Tool Works’s dividend payout ratio (DPR) is 59.80%.

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.