Midway Capital Research & Management Purchases Shares of 2,317 Illinois Tool Works Inc. $ITW

Midway Capital Research & Management acquired a new position in Illinois Tool Works Inc. (NYSE:ITW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,317 shares of the industrial products company’s stock, valued at approximately $571,000.

Other institutional investors have also recently modified their holdings of the company. Siemens Fonds Invest GmbH raised its position in Illinois Tool Works by 70.1% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company’s stock worth $4,753,000 after purchasing an additional 7,508 shares during the period. Hudson Bay Capital Management LP boosted its position in Illinois Tool Works by 123.4% during the third quarter. Hudson Bay Capital Management LP now owns 23,063 shares of the industrial products company’s stock valued at $6,014,000 after buying an additional 12,741 shares during the period. Gradient Investments LLC grew its stake in shares of Illinois Tool Works by 691.3% during the fourth quarter. Gradient Investments LLC now owns 62,677 shares of the industrial products company’s stock valued at $15,437,000 after buying an additional 54,756 shares during the last quarter. Y.D. More Investments Ltd bought a new position in shares of Illinois Tool Works during the fourth quarter valued at about $2,498,000. Finally, Vinva Investment Management Ltd increased its holdings in shares of Illinois Tool Works by 32.5% in the third quarter. Vinva Investment Management Ltd now owns 76,587 shares of the industrial products company’s stock worth $20,018,000 after buying an additional 18,801 shares during the period. 79.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Illinois Tool Works news, Director Jennifer F. Scanlon bought 806 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the acquisition, the director owned 1,652 shares in the company, valued at approximately $409,679.48. This represents a 95.27% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.83% of the company’s stock.

Illinois Tool Works Stock Performance

Shares of ITW opened at $264.38 on Friday. The company has a 50-day simple moving average of $258.49 and a two-hundred day simple moving average of $263.43. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86. The firm has a market capitalization of $76.06 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 4.54 and a beta of 1.01. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15.

Illinois Tool Works (NYSE:ITW) last announced its earnings results 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. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, analysts anticipate 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. Shareholders of record on Tuesday, June 30th will be issued a $1.61 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a yield of 2.4%. Illinois Tool Works’s dividend payout ratio is 59.80%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings lowered Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Barclays reduced their price target on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 1st. Wells Fargo & Company boosted their price objective on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research report on Monday, May 4th. Evercore dropped their price objective on Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Finally, Citigroup raised their target price on shares of Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $271.92.

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.