Entropy Technologies LP Buys New Shares in Illinois Tool Works Inc. $ITW

Entropy Technologies LP bought a new stake in Illinois Tool Works Inc. (NYSE:ITW) in the 4th quarter, Holdings Channel.com reports. The fund bought 22,841 shares of the industrial products company’s stock, valued at approximately $5,626,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bard Associates Inc. acquired a new position in Illinois Tool Works in the fourth quarter valued at $99,000. Bontempo Ohly Capital Mgmt LLC increased its stake in Illinois Tool Works by 0.5% in the fourth quarter. Bontempo Ohly Capital Mgmt LLC now owns 17,519 shares of the industrial products company’s stock valued at $4,315,000 after purchasing an additional 81 shares during the last quarter. Biondo Investment Advisors LLC increased its stake in Illinois Tool Works by 0.4% in the fourth quarter. Biondo Investment Advisors LLC now owns 42,917 shares of the industrial products company’s stock valued at $10,571,000 after purchasing an additional 173 shares during the last quarter. CreativeOne Wealth LLC increased its stake in Illinois Tool Works by 5.1% in the fourth quarter. CreativeOne Wealth LLC now owns 5,859 shares of the industrial products company’s stock valued at $1,443,000 after purchasing an additional 283 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its stake in Illinois Tool Works by 3.7% in the fourth quarter. Kestra Advisory Services LLC now owns 86,024 shares of the industrial products company’s stock valued at $21,188,000 after purchasing an additional 3,081 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Jennifer F. Scanlon bought 806 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the purchase, the director owned 1,652 shares in the company, valued at $409,679.48. This represents a 95.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.83% of the company’s stock.

Illinois Tool Works Price Performance

ITW stock opened at $257.22 on Friday. 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 Inc. has a 1 year low of $238.82 and a 1 year high of $303.15. The firm has a market cap of $74.00 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 4.42 and a beta of 1.01. The stock has a 50-day simple moving average of $258.18 and a 200-day simple moving average of $262.87.

Illinois Tool Works (NYSE:ITW) last posted 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. 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 during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the firm earned $2.38 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts predict 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 announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be paid a $1.61 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.5%. Illinois Tool Works’s dividend payout ratio (DPR) is 59.80%.

Analysts Set New Price Targets

ITW has been the subject of several research analyst reports. Barclays dropped their price target on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research note on Wednesday, April 1st. Citigroup upped their price target on Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings lowered Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group restated a “sell” rating and set a $254.00 price target on shares of Illinois Tool Works in a research note on Thursday, April 30th. Finally, Wells Fargo & Company upped their price target on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently 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.