Smith Chas P & Associates PA Cpas Buys 37,720 Shares of Illinois Tool Works Inc. $ITW

Smith Chas P & Associates PA Cpas boosted its stake in Illinois Tool Works Inc. (NYSE:ITW) by 46.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,771 shares of the industrial products company’s stock after acquiring an additional 37,720 shares during the quarter. Illinois Tool Works accounts for 1.6% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 27th largest position. Smith Chas P & Associates PA Cpas’ holdings in Illinois Tool Works were worth $29,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Illinois Tool Works by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 26,887,218 shares of the industrial products company’s stock valued at $6,622,322,000 after acquiring an additional 189,229 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Illinois Tool Works by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 6,944,651 shares of the industrial products company’s stock worth $1,709,734,000 after buying an additional 184,301 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Illinois Tool Works by 3.0% during the 3rd quarter. Capital Research Global Investors now owns 4,493,555 shares of the industrial products company’s stock worth $1,171,740,000 after buying an additional 131,702 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Illinois Tool Works by 1.5% during the 4th quarter. Fisher Asset Management LLC now owns 3,705,081 shares of the industrial products company’s stock worth $912,562,000 after buying an additional 54,519 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Illinois Tool Works by 1.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,587,639 shares of the industrial products company’s stock worth $674,871,000 after buying an additional 33,171 shares during the last quarter. 79.77% of the stock is owned by institutional investors.

Illinois Tool Works Stock Up 0.1%

Shares of ITW stock opened at $250.65 on Thursday. 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’s 50-day moving average is $260.59 and its 200-day moving average is $262.36. The stock has a market cap of $72.11 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 4.30 and a beta of 1.04. Illinois Tool Works Inc. has a 52-week low of $238.82 and a 52-week high of $303.15.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. Illinois Tool Works’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.38 EPS. 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 EPS for the current year.

Illinois Tool Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio is presently 59.80%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ITW shares. Citigroup increased their price objective on shares of Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. The Goldman Sachs Group restated a “sell” rating and set a $254.00 price objective on shares of Illinois Tool Works in a research note on Thursday, April 30th. Evercore reduced their price objective on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Weiss Ratings downgraded shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Illinois Tool Works presently has an average rating of “Reduce” and a consensus target price of $271.92.

Illinois Tool Works Profile

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.