Legato Capital Management LLC Lowers Holdings in Illinois Tool Works Inc. $ITW

Legato Capital Management LLC decreased its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 68.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,842 shares of the industrial products company’s stock after selling 3,931 shares during the quarter. Legato Capital Management LLC’s holdings in Illinois Tool Works were worth $454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lloyd Advisory Services LLC. purchased a new stake in Illinois Tool Works in the 4th quarter valued at about $39,000. Advisory Alpha LLC grew its holdings in shares of Illinois Tool Works by 15.5% during the 4th quarter. Advisory Alpha LLC now owns 2,814 shares of the industrial products company’s stock worth $693,000 after purchasing an additional 377 shares during the period. Evoke Wealth LLC grew its holdings in shares of Illinois Tool Works by 28.8% during the 4th quarter. Evoke Wealth LLC now owns 4,169 shares of the industrial products company’s stock worth $1,034,000 after purchasing an additional 932 shares during the period. Principle Wealth Partners LLC grew its holdings in shares of Illinois Tool Works by 26.8% during the 4th quarter. Principle Wealth Partners LLC now owns 6,104 shares of the industrial products company’s stock worth $1,503,000 after purchasing an additional 1,289 shares during the period. Finally, Orange Investment Advisors Inc. grew its holdings in shares of Illinois Tool Works by 6.0% during the 4th quarter. Orange Investment Advisors Inc. now owns 1,468 shares of the industrial products company’s stock worth $362,000 after purchasing an additional 83 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Analyst Upgrades and Downgrades

ITW has been the subject of a number of research reports. Citigroup boosted their target price on Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. The Goldman Sachs Group reiterated a “sell” rating and set a $254.00 target price on shares of Illinois Tool Works in a report on Thursday, April 30th. Evercore decreased their target price on Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Robert W. Baird set a $278.00 target price on Illinois Tool Works in a report on Wednesday, February 4th. Finally, Wolfe Research boosted their target price on Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Illinois Tool Works currently has a consensus rating of “Reduce” and a consensus price target of $271.92.

Illinois Tool Works Stock Up 0.1%

NYSE ITW opened at $250.65 on Thursday. The stock has a market cap of $72.11 billion, a PE ratio of 23.27, a P/E/G ratio of 4.30 and a beta of 1.04. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The business has a 50 day moving average price of $260.59 and a two-hundred day moving average price of $262.36. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.09. The firm 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%.Illinois Tool Works’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, sell-side analysts predict that Illinois Tool Works Inc. will post 11.37 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The business 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 is Tuesday, June 30th. Illinois Tool Works’s dividend 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.