WCG Wealth Advisors LLC Makes New $3.68 Million Investment in Illinois Tool Works Inc. $ITW

WCG Wealth Advisors LLC bought a new stake in Illinois Tool Works Inc. (NYSE:ITW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 14,959 shares of the industrial products company’s stock, valued at approximately $3,684,000.

Several other hedge funds also recently added to or reduced their stakes in ITW. Cresta Advisors Ltd. acquired a new stake in shares of Illinois Tool Works during the 4th quarter worth about $25,000. Lodestone Wealth Management LLC acquired a new position in Illinois Tool Works during the 4th quarter worth about $28,000. Beacon Financial Strategies CORP acquired a new position in Illinois Tool Works in the 4th quarter valued at about $29,000. Ares Financial Consulting LLC purchased a new stake in Illinois Tool Works during the 4th quarter worth approximately $31,000. Finally, Basepoint Wealth LLC acquired a new position in shares of Illinois Tool Works in the fourth quarter worth $32,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Illinois Tool Works

In related news, Director Jennifer F. Scanlon acquired 806 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average price of $247.99 per share, with a total value of $199,879.94. Following the completion of the purchase, the director directly owned 1,652 shares in the company, valued at approximately $409,679.48. The trade was a 95.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is currently owned by insiders.

Illinois Tool Works Stock Performance

Shares of ITW stock opened at $251.14 on Friday. The stock has a fifty day moving average price of $258.95 and a 200 day moving average price of $262.53. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. The stock has a market cap of $72.25 billion, a PE ratio of 23.32, a P/E/G ratio of 4.30 and a beta of 1.01. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $2.38 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be given a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio is currently 59.80%.

Wall Street Analyst Weigh In

ITW has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Citigroup upped their price objective on Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Barclays lowered their target price on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Wolfe Research lifted their price objective on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research report on Friday, February 27th. Finally, Evercore dropped their price target on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target 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.