Illinois Tool Works Inc. $ITW Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 1.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 676,311 shares of the industrial products company’s stock after selling 9,358 shares during the quarter. ProShare Advisors LLC’s holdings in Illinois Tool Works were worth $166,575,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ITW. Cresta Advisors Ltd. acquired a new stake in shares of Illinois Tool Works during the 4th quarter valued at $25,000. Lodestone Wealth Management LLC acquired a new stake in shares of Illinois Tool Works during the 4th quarter valued at $28,000. Beacon Financial Strategies CORP acquired a new stake in shares of Illinois Tool Works during the 4th quarter valued at $29,000. Ares Financial Consulting LLC acquired a new stake in shares of Illinois Tool Works during the 4th quarter valued at $31,000. Finally, MTM Investment Management LLC lifted its position in shares of Illinois Tool Works by 70.5% during the 3rd quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Price Performance

ITW opened at $249.15 on Tuesday. The stock has a fifty day moving average of $263.51 and a 200-day moving average of $262.03. The firm has a market capitalization of $71.68 billion, a P/E ratio of 23.13, a PEG ratio of 4.26 and a beta of 1.04. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04.

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

Illinois Tool Works Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ITW. Robert W. Baird set a $278.00 target price on Illinois Tool Works in a report on Wednesday, February 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Monday, April 27th. Citigroup increased their target price on Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Truist Financial increased their target price on Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a report on Wednesday, February 4th. Finally, Barclays reduced their target price on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $271.92.

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.