Guinness Asset Management LTD Has $204.36 Million Stock Holdings in Illinois Tool Works Inc. $ITW

Guinness Asset Management LTD lessened its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 3.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 812,866 shares of the industrial products company’s stock after selling 25,716 shares during the period. Illinois Tool Works accounts for 3.3% of Guinness Asset Management LTD’s portfolio, making the stock its 16th largest position. Guinness Asset Management LTD owned 0.28% of Illinois Tool Works worth $204,355,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cresta Advisors Ltd. acquired a new stake in Illinois Tool Works during the 4th quarter worth $25,000. Lodestone Wealth Management LLC acquired a new position in shares of Illinois Tool Works in the 4th quarter valued at $28,000. Beacon Financial Strategies CORP acquired a new position in shares of Illinois Tool Works in the 4th quarter valued at $29,000. Ares Financial Consulting LLC acquired a new position in shares of Illinois Tool Works in the 4th quarter valued at $31,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Illinois Tool Works in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Price Performance

Shares of NYSE ITW opened at $252.34 on Friday. The firm has a market cap of $72.60 billion, a PE ratio of 23.43, a PEG ratio of 4.29 and a beta of 1.04. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04. Illinois Tool Works Inc. has a 1-year low of $238.82 and a 1-year high of $303.15. The company has a fifty day moving average price of $261.54 and a 200 day moving average price of $262.09.

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

Illinois Tool Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be given a dividend of $1.61 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 annualized dividend and a yield of 2.6%. Illinois Tool Works’s payout ratio is 59.80%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Robert W. Baird set a $278.00 price target on shares of Illinois Tool Works in a report on Wednesday, February 4th. The Goldman Sachs Group reissued a “sell” rating and issued a $254.00 price target on shares of Illinois Tool Works in a report on Thursday, April 30th. Barclays decreased their price target on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Citigroup boosted their price target on shares of Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Wolfe Research boosted their price target on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a report on Friday, February 27th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Illinois Tool Works has an average rating of “Reduce” and an average target price of $271.92.

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.