Pacer Advisors Inc. Raises Stock Holdings in Illinois Tool Works Inc. $ITW

Pacer Advisors Inc. grew its position in Illinois Tool Works Inc. (NYSE:ITW) by 42.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,099 shares of the industrial products company’s stock after acquiring an additional 9,277 shares during the quarter. Pacer Advisors Inc.’s holdings in Illinois Tool Works were worth $7,660,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Lynch Investment Planning LLC purchased a new position in Illinois Tool Works during the 4th quarter worth $297,000. Phillip James Consulting Co. purchased a new stake in shares of Illinois Tool Works in the fourth quarter valued at about $109,000. Kera Capital Partners Inc. acquired a new stake in shares of Illinois Tool Works during the fourth quarter worth about $1,166,000. Virtu Financial LLC acquired a new stake in shares of Illinois Tool Works during the fourth quarter worth about $533,000. Finally, MV Capital Management Inc. purchased a new position in shares of Illinois Tool Works during the fourth quarter worth about $767,000. 79.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on ITW shares. JPMorgan Chase & Co. reduced their price objective on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Wolfe Research boosted their target price on Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a report on Friday, February 27th. Citigroup increased their price target on Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Barclays lowered their price objective on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 1st. Finally, Evercore dropped their price objective on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. One research 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 stock currently has an average rating of “Reduce” and an average price target of $271.92.

Insider Activity at Illinois Tool Works

In related news, Director Jennifer F. Scanlon purchased 806 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average cost of $247.99 per share, with a total value of $199,879.94. Following the purchase, the director directly owned 1,652 shares in the company, valued at $409,679.48. This trade represents a 95.27% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.83% of the company’s stock.

Illinois Tool Works Stock Performance

Shares of ITW stock opened at $264.38 on Monday. The company has a market cap of $76.06 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 4.54 and a beta of 1.01. The stock has a 50 day simple moving average of $258.49 and a 200-day simple moving average of $263.54. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04.

Illinois Tool Works (NYSE:ITW) last posted its quarterly 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 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 analysts’ expectations of $4.01 billion. During the same period last year, the firm earned $2.38 EPS. The company’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. On average, equities analysts forecast that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a yield of 2.4%. Illinois Tool Works’s dividend payout ratio (DPR) is 59.80%.

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.