HighTower Advisors LLC Lowers Holdings in Illinois Tool Works Inc. $ITW

HighTower Advisors LLC decreased its stake in Illinois Tool Works Inc. (NYSE:ITW) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 153,857 shares of the industrial products company’s stock after selling 10,416 shares during the period. HighTower Advisors LLC owned about 0.05% of Illinois Tool Works worth $37,895,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cresta Advisors Ltd. bought a new position in shares of Illinois Tool Works in the 4th quarter worth $25,000. Lodestone Wealth Management LLC bought a new position in shares of Illinois Tool Works in the 4th quarter worth $28,000. Beacon Financial Strategies CORP bought a new position in shares of Illinois Tool Works in the 4th quarter worth $29,000. Ares Financial Consulting LLC bought a new position in shares of Illinois Tool Works in the 4th quarter worth $31,000. Finally, MTM Investment Management LLC increased its holdings in shares of Illinois Tool Works by 70.5% in the 3rd quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock worth $42,000 after buying an additional 67 shares during the last quarter. Institutional investors own 79.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ITW. UBS Group reissued a “neutral” rating and issued a $285.00 price target on shares of Illinois Tool Works in a report on Wednesday, February 4th. Truist Financial increased their price target on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. Wolfe Research increased 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. Robert W. Baird set a $278.00 target price on shares of Illinois Tool Works in a report on Wednesday, February 4th. Finally, Wells Fargo & Company increased their target price on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Illinois Tool Works has a consensus rating of “Reduce” and a consensus price target of $271.92.

Illinois Tool Works Price Performance

ITW stock opened at $249.94 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 52 week low of $238.82 and a 52 week high of $303.15. The firm’s fifty day moving average is $261.93 and its 200 day moving average is $262.16. The firm has a market cap of $71.91 billion, a P/E ratio of 23.21, a P/E/G ratio of 4.31 and a beta of 1.04.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, beating the consensus estimate of $2.57 by $0.09. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the firm earned $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. Research analysts predict that Illinois Tool Works Inc. will post 11.37 earnings per share for the current year.

Illinois Tool Works Announces Dividend

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

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.