Illinois Tool Works Inc. $ITW Shares Purchased by HORAN Wealth LLC

HORAN Wealth LLC raised its position in Illinois Tool Works Inc. (NYSE:ITW) by 106.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,206 shares of the industrial products company’s stock after purchasing an additional 15,588 shares during the quarter. Illinois Tool Works comprises 0.7% of HORAN Wealth LLC’s investment portfolio, making the stock its 27th biggest position. HORAN Wealth LLC’s holdings in Illinois Tool Works were worth $7,821,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cresta Advisors Ltd. purchased a new stake in shares of Illinois Tool Works during the 4th quarter valued at approximately $25,000. Motiv8 Investments LLC purchased a new position in Illinois Tool Works in the fourth quarter worth approximately $27,000. Kemnay Advisory Services Inc. acquired a new stake in Illinois Tool Works during the fourth quarter worth $27,000. Lodestone Wealth Management LLC purchased a new stake in Illinois Tool Works in the fourth quarter valued at $28,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of Illinois Tool Works in the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ITW. Wolfe Research restated an “underperform” rating and issued a $286.00 price objective on shares of Illinois Tool Works in a report on Thursday, July 9th. Weiss Ratings lowered shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Evercore reduced their price target on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. 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 report on Monday, May 4th. Finally, Truist Financial lifted their target price on shares of Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Illinois Tool Works has an average rating of “Reduce” and an average target price of $274.00.

Insiders Place Their Bets

In related news, Director Jennifer F. Scanlon purchased 806 shares of Illinois Tool Works stock in a transaction on Tuesday, June 2nd. The shares were bought 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 of the company’s stock, valued at approximately $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is currently owned by company insiders.

Illinois Tool Works Price Performance

Shares of ITW opened at $271.94 on Tuesday. The company has a market cap of $78.24 billion, a P/E ratio of 25.25, a PEG ratio of 4.74 and a beta of 1.00. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week 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. The firm’s 50 day moving average price is $260.28 and its 200 day moving average price is $266.28.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, topping the consensus estimate 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 business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous 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. On average, research analysts forecast that Illinois Tool Works Inc. will post 11.37 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were issued a dividend of $1.61 per share. The ex-dividend date was Tuesday, June 30th. This represents a $6.44 annualized dividend and a yield of 2.4%. Illinois Tool Works’s dividend payout ratio 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.