Kerusso Capital Management LLC Has $2.83 Million Holdings in Illinois Tool Works Inc. $ITW

Kerusso Capital Management LLC raised its position in Illinois Tool Works Inc. (NYSE:ITW) by 31.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,477 shares of the industrial products company’s stock after purchasing an additional 2,743 shares during the quarter. Kerusso Capital Management LLC’s holdings in Illinois Tool Works were worth $2,827,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mayflower Financial Advisors LLC boosted its position 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 valued at $262,000 after buying an additional 39 shares in the last quarter. Revisor Wealth Management LLC boosted its position 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 valued at $734,000 after buying an additional 39 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in Illinois Tool Works by 1.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 3,015 shares of the industrial products company’s stock valued at $743,000 after buying an additional 40 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in Illinois Tool Works by 22.3% in the fourth quarter. JFS Wealth Advisors LLC now owns 219 shares of the industrial products company’s stock valued at $54,000 after buying an additional 40 shares in the last quarter. Finally, Everpar Advisors LLC boosted its position in Illinois Tool Works by 1.7% in the third quarter. Everpar Advisors LLC now owns 2,574 shares of the industrial products company’s stock valued at $671,000 after buying an additional 42 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Illinois Tool Works news, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $290.22, for a total value of $1,225,599.06. Following the completion of the sale, the executive vice president owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ernest Scott Santi sold 167,345 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the completion of the sale, the director directly owned 258,766 shares of the company’s stock, valued at $75,282,792.38. The trade was a 39.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.83% of the company’s stock.

Illinois Tool Works Trading Up 2.4%

ITW opened at $273.48 on Friday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. The company has a market cap of $78.78 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 4.80 and a beta of 1.13. The firm has a 50 day simple moving average of $274.03 and a 200 day simple moving average of $261.16. Illinois Tool Works Inc. has a fifty-two week low of $228.76 and a fifty-two week high of $303.15.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.03. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.07 billion. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. Illinois Tool Works’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, sell-side analysts anticipate that Illinois Tool Works Inc. will post 11.26 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Tuesday, March 31st were paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Illinois Tool Works’s payout ratio is 61.39%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a research note on Wednesday, February 4th. Barclays dropped their target price on shares of 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. dropped their target price on shares of Illinois Tool Works from $327.00 to $303.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Robert W. Baird set a $278.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Finally, Citigroup boosted their target price on shares of Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $270.00.

Illinois Tool Works Company 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.