Illinois Tool Works Inc. $ITW Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in Illinois Tool Works Inc. (NYSE:ITW) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,559 shares of the industrial products company’s stock after purchasing an additional 4,478 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Illinois Tool Works were worth $44,655,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ITW. Kenora Financial LLC boosted its position in shares of Illinois Tool Works by 1.1% in the first quarter. Kenora Financial LLC now owns 6,088 shares of the industrial products company’s stock worth $1,585,000 after buying an additional 66 shares during the period. Cornerstone Wealth Group LLC grew its stake in shares of Illinois Tool Works by 15.1% in the first quarter. Cornerstone Wealth Group LLC now owns 1,157 shares of the industrial products company’s stock valued at $314,000 after buying an additional 152 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Illinois Tool Works by 366.1% during the 1st quarter. Sterling Capital Management LLC now owns 24,440 shares of the industrial products company’s stock valued at $6,361,000 after buying an additional 19,197 shares during the period. Cambient Family Office LLC lifted its position in Illinois Tool Works by 6.7% during the 1st quarter. Cambient Family Office LLC now owns 2,789 shares of the industrial products company’s stock worth $730,000 after acquiring an additional 176 shares in the last quarter. Finally, Fruth Investment Management purchased a new position in Illinois Tool Works in the 1st quarter worth approximately $208,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ITW. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $254.00 price objective on shares of Illinois Tool Works in a research report on Thursday, April 30th. Barclays reduced their target price on shares of 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. Citigroup raised 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. JPMorgan Chase & Co. dropped their price target on shares of Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Finally, Wells Fargo & Company boosted 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. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $271.92.

Illinois Tool Works Price Performance

Shares of NYSE ITW opened at $268.13 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The business has a 50 day moving average price of $257.99 and a two-hundred day moving average price of $264.14. The firm has a market cap of $77.14 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 4.60 and a beta of 1.01.

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, beating analysts’ consensus estimates of $2.57 by $0.09. The company had revenue of $4.02 billion for 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%.Illinois Tool Works’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Sell-side analysts expect 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 will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be issued a $1.61 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 annualized dividend and a yield of 2.4%. Illinois Tool Works’s dividend payout ratio is currently 59.80%.

Insider Buying and Selling

In related news, Director Jennifer F. Scanlon acquired 806 shares of Illinois Tool Works stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the purchase, the director directly owned 1,652 shares of the company’s stock, valued at $409,679.48. The trade was a 95.27% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.83% of the stock is owned by company insiders.

Illinois Tool Works Company 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.