Illinois Tool Works Inc. $ITW Stock Position Raised by Calamos Advisors LLC

Calamos Advisors LLC increased its position in Illinois Tool Works Inc. (NYSE:ITW) by 3.8% in the first quarter, HoldingsChannel reports. The firm owned 63,197 shares of the industrial products company’s stock after acquiring an additional 2,295 shares during the period. Calamos Advisors LLC’s holdings in Illinois Tool Works were worth $16,450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ITW. Brighton Jones LLC grew its holdings in shares of Illinois Tool Works by 5.3% during the fourth quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock valued at $1,399,000 after buying an additional 277 shares in the last quarter. Bison Wealth LLC lifted its stake in Illinois Tool Works by 2.3% in the 4th quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock worth $901,000 after acquiring an additional 81 shares in the last quarter. Sivia Capital Partners LLC boosted its position in Illinois Tool Works by 20.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company’s stock worth $257,000 after acquiring an additional 177 shares during the period. Sei Investments Co. boosted its position in Illinois Tool Works by 22.0% during the 2nd quarter. Sei Investments Co. now owns 106,784 shares of the industrial products company’s stock worth $26,401,000 after acquiring an additional 19,248 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in Illinois Tool Works by 2.2% during the 2nd quarter. Treasurer of the State of North Carolina now owns 136,884 shares of the industrial products company’s stock valued at $33,845,000 after acquiring an additional 2,890 shares in the last quarter. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Illinois Tool Works Stock Up 0.4%

ITW opened at $272.49 on Wednesday. The firm has a market cap of $78.39 billion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 4.67 and a beta of 1.00. 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 business has a 50 day moving average price of $258.68 and a 200 day moving average price of $265.60. Illinois Tool Works Inc. has a twelve month low of $238.82 and a twelve month high of $303.15.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 EPS 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 company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the firm posted $2.38 earnings per share. The company’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. Research analysts forecast that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were issued a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio (DPR) is 59.80%.

Analyst Ratings Changes

ITW has been the topic of a number of research reports. Citigroup reiterated a “neutral” rating on shares of Illinois Tool Works in a report on Monday. The Goldman Sachs Group reaffirmed a “sell” rating and set a $254.00 price objective on shares of Illinois Tool Works in a research report on Thursday, April 30th. Truist Financial upped their price objective on shares of Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Evercore cut their target price on shares of Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Finally, Wolfe Research reissued an “underperform” rating and set a $286.00 target price on shares of Illinois Tool Works in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $274.00.

Insider Buying and Selling

In other news, Director Jennifer F. Scanlon bought 806 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average price of $247.99 per share, with a total value of $199,879.94. Following the transaction, the director directly owned 1,652 shares in the company, valued at approximately $409,679.48. The trade was a 95.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.83% of the stock is owned by company insiders.

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.