Haverford Trust Co Invests $7.63 Million in Illinois Tool Works Inc. $ITW

Haverford Trust Co acquired a new position in Illinois Tool Works Inc. (NYSE:ITW) during the second quarter, Holdings Channel reports. The firm acquired 28,196 shares of the industrial products company’s stock, valued at approximately $7,626,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ITW. Cresta Advisors Ltd. purchased a new stake in shares of Illinois Tool Works in the 4th quarter valued at about $25,000. Motiv8 Investments LLC purchased a new position in shares of Illinois Tool Works during the fourth quarter worth about $27,000. Kemnay Advisory Services Inc. bought a new position in shares of Illinois Tool Works in the fourth quarter worth approximately $27,000. Ares Financial Consulting LLC bought a new position in shares of Illinois Tool Works in the fourth quarter worth approximately $31,000. Finally, Wilkerson Advisory Group LLC raised its stake in Illinois Tool Works by 77.6% in the first quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 52 shares in the last quarter. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Illinois Tool Works Stock Down 0.2%

Shares of ITW opened at $282.23 on Friday. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.11 and a quick ratio of 0.81. The stock has a 50 day simple moving average of $278.00 and a two-hundred day simple moving average of $271.50. The firm has a market cap of $80.38 billion, a P/E ratio of 25.59, a P/E/G ratio of 4.77 and a beta of 0.99.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.80 by $0.04. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $2.58 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, analysts forecast that Illinois Tool Works Inc. will post 11.45 earnings per share for the current fiscal year.

Illinois Tool Works Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be given a $1.72 dividend. This represents a $6.88 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, September 30th. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s dividend payout ratio is 58.39%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. UBS Group restated a “neutral” rating and set a $300.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, July 29th. Robert W. Baird lifted their price objective on shares of Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Wolfe Research reiterated an “underperform” rating and issued a $286.00 target price on shares of Illinois Tool Works in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. increased their target price on Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $281.25.

Insiders Place Their Bets

In related news, Director Jennifer F. Scanlon acquired 806 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the acquisition, the director owned 1,652 shares in the company, valued at approximately $409,679.48. This represents a 95.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CAO Matteo C. Pigozzo sold 277 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $289.22, for a total value of $80,113.94. Following the completion of the sale, the chief accounting officer directly owned 3,394 shares of the company’s stock, valued at approximately $981,612.68. This trade represents a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.83% of the stock is currently owned by insiders.

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.