Grandfield & Dodd LLC Cuts Stock Holdings in Illinois Tool Works Inc. $ITW

Grandfield & Dodd LLC trimmed its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,574 shares of the industrial products company’s stock after selling 3,928 shares during the quarter. Illinois Tool Works accounts for approximately 2.3% of Grandfield & Dodd LLC’s portfolio, making the stock its 13th largest holding. Grandfield & Dodd LLC owned about 0.06% of Illinois Tool Works worth $39,796,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cresta Advisors Ltd. purchased a new position in Illinois Tool Works during the 4th quarter worth $25,000. Lodestone Wealth Management LLC purchased a new position in shares of Illinois Tool Works in the 4th quarter worth about $28,000. Beacon Financial Strategies CORP purchased a new position in shares of Illinois Tool Works in the 4th quarter worth about $29,000. Ares Financial Consulting LLC purchased a new position in shares of Illinois Tool Works in the 4th quarter worth about $31,000. Finally, Basepoint Wealth LLC purchased a new position in shares of Illinois Tool Works in the 4th quarter worth about $32,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ITW shares. Wolfe Research boosted their price target on shares of Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a report on Friday, February 27th. Evercore cut their price target on shares of Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Robert W. Baird set a $278.00 price target on shares of Illinois Tool Works in a report on Wednesday, February 4th. Barclays cut their price target on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. cut 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 report on Friday, May 1st. One 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $271.92.

Illinois Tool Works Trading Down 1.0%

Shares of Illinois Tool Works stock opened at $247.11 on Friday. Illinois Tool Works Inc. has a 52-week low of $238.82 and a 52-week high of $303.15. The stock’s 50-day simple moving average is $259.94 and its 200 day simple moving average is $262.28. The stock has a market capitalization of $71.09 billion, a P/E ratio of 22.94, a P/E/G ratio of 4.25 and a beta of 1.04. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data 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. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the business posted $2.38 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, research analysts anticipate that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, June 30th. Illinois Tool Works’s payout ratio is currently 59.80%.

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.