OneDigital Investment Advisors LLC Takes Position in Illinois Tool Works Inc. $ITW

OneDigital Investment Advisors LLC acquired a new position in Illinois Tool Works Inc. (NYSE:ITW) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,702 shares of the industrial products company’s stock, valued at approximately $731,000.

Several other hedge funds have also bought and sold shares of ITW. Cresta Advisors Ltd. purchased a new stake in shares of Illinois Tool Works during the 4th quarter valued at $25,000. Motiv8 Investments LLC purchased a new position in Illinois Tool Works in the fourth quarter worth $27,000. Kemnay Advisory Services Inc. bought a new position in Illinois Tool Works in the fourth quarter valued at $27,000. Ares Financial Consulting LLC purchased a new stake in Illinois Tool Works during the fourth quarter valued at about $31,000. Finally, Wilkerson Advisory Group LLC raised its position in Illinois Tool Works by 77.6% during the first quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 52 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Evercore cut their price objective on Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Truist Financial boosted their target price on Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Wells Fargo & Company upped their target price on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research note on Monday, May 4th. Robert W. Baird increased their price target on shares of Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, UBS Group reissued a “neutral” rating and set a $300.00 price target on shares of Illinois Tool Works in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $281.25.

Insider Buying and Selling

In other news, CAO Matteo C. Pigozzo sold 277 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $289.22, for a total value of $80,113.94. Following the transaction, the chief accounting officer owned 3,394 shares in the company, valued at approximately $981,612.68. This trade represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jennifer F. Scanlon bought 806 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the purchase, the director owned 1,652 shares of the company’s stock, valued at $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.83% of the company’s stock.

Illinois Tool Works Stock Down 0.9%

Shares of NYSE:ITW opened at $284.66 on Wednesday. The stock has a market capitalization of $81.07 billion, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 4.91 and a beta of 0.99. The stock’s 50-day moving average price is $276.27 and its 200-day moving average price is $271.12. The company has a current ratio of 1.11, a quick ratio of 0.81 and a debt-to-equity ratio of 2.26. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.04. The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.19 billion. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.Illinois Tool Works’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, equities analysts anticipate that Illinois Tool Works Inc. will post 11.45 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be given a $1.72 dividend. The ex-dividend date is Wednesday, September 30th. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 annualized dividend and a yield of 2.4%. Illinois Tool Works’s dividend payout ratio is presently 58.39%.

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.