Mather Group LLC. Has $16.10 Million Stake in Illinois Tool Works Inc. $ITW

Mather Group LLC. boosted its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 4.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,383 shares of the industrial products company’s stock after purchasing an additional 2,848 shares during the period. Mather Group LLC.’s holdings in Illinois Tool Works were worth $16,104,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Corsicana & Co. purchased a new position in shares of Illinois Tool Works during the third quarter valued at $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Illinois Tool Works in the 2nd quarter worth about $31,000. Beacon Financial Strategies CORP acquired a new stake in Illinois Tool Works during the 4th quarter worth about $29,000. Vermillion & White Wealth Management Group LLC grew its stake in Illinois Tool Works by 103.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 63 shares in the last quarter. Finally, True Wealth Design LLC increased its holdings in shares of Illinois Tool Works by 341.9% in the 3rd quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Trading Down 2.1%

NYSE:ITW opened at $260.82 on Friday. The company has a market capitalization of $75.17 billion, a P/E ratio of 24.86, a P/E/G ratio of 14.24 and a beta of 1.13. The stock’s 50 day moving average price is $276.79 and its 200 day moving average price is $260.63. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.89 and a current ratio of 1.21. Illinois Tool Works Inc. has a 52 week low of $214.66 and a 52 week high of $303.15.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.03. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.07 billion. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, research analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 31st will be paid a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, March 31st. Illinois Tool Works’s payout ratio is presently 61.39%.

Insiders Place Their Bets

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $290.93, for a total value of $48,685,680.85. Following the completion of the sale, the director owned 258,766 shares of the company’s stock, valued at $75,282,792.38. The trade was a 39.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $290.22, for a total value of $1,225,599.06. Following the sale, the executive vice president owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. This trade represents a 42.18% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ITW. Robert W. Baird set a $278.00 price target on shares of Illinois Tool Works in a research report on Wednesday, February 4th. JPMorgan Chase & Co. upped their price objective on shares of Illinois Tool Works from $310.00 to $327.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Wells Fargo & Company lifted their target price on shares of Illinois Tool Works from $250.00 to $270.00 and gave the company an “underweight” rating in a research note on Wednesday, February 4th. UBS Group restated a “neutral” rating and set a $285.00 price target on shares of Illinois Tool Works in a report on Wednesday, February 4th. Finally, Truist Financial upped their price target on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Illinois Tool Works currently has an average rating of “Reduce” and an average price target of $275.69.

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.