MQS Management LLC Acquires New Position in Illinois Tool Works Inc. $ITW

MQS Management LLC bought a new position in Illinois Tool Works Inc. (NYSE:ITW) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,527 shares of the industrial products company’s stock, valued at approximately $658,000.

Other large investors have also recently made changes to their positions in the company. Sawyer & Company Inc lifted its holdings in shares of Illinois Tool Works by 0.4% in the 1st quarter. Sawyer & Company Inc now owns 10,927 shares of the industrial products company’s stock worth $2,844,000 after acquiring an additional 45 shares during the last quarter. KOM Wealth Management Group LLC grew its holdings in shares of Illinois Tool Works by 114.5% during the 1st quarter. KOM Wealth Management Group LLC now owns 3,078 shares of the industrial products company’s stock valued at $801,000 after purchasing an additional 1,643 shares during the last quarter. Premier Path Wealth Partners LLC grew its holdings in shares of Illinois Tool Works by 68.9% during the 1st quarter. Premier Path Wealth Partners LLC now owns 4,144 shares of the industrial products company’s stock valued at $1,079,000 after purchasing an additional 1,690 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. raised its position in Illinois Tool Works by 4.4% in the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 60,936 shares of the industrial products company’s stock worth $15,861,000 after purchasing an additional 2,567 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ lifted its stake in Illinois Tool Works by 0.7% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 209,736 shares of the industrial products company’s stock worth $54,592,000 after purchasing an additional 1,436 shares during the last quarter. 79.77% of the stock is owned by hedge funds and other institutional investors.

Illinois Tool Works Stock Up 1.3%

Shares of Illinois Tool Works stock opened at $270.99 on Wednesday. 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 Inc. has a 12-month low of $238.82 and a 12-month high of $303.15. The company has a market cap of $77.96 billion, a P/E ratio of 25.16, a PEG ratio of 4.60 and a beta of 1.01. The company’s fifty day simple moving average is $258.01 and its two-hundred day simple moving average is $264.41.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the firm posted $2.38 EPS. 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. Research analysts anticipate that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Dividend Announcement

The company 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 dividend of $1.61 per share. The ex-dividend date is Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.4%. Illinois Tool Works’s dividend payout ratio is 59.80%.

Wall Street Analyst Weigh In

Several analysts have issued reports on ITW shares. Barclays cut their price target on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. Wells Fargo & Company boosted their target price on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research note on Monday, May 4th. The Goldman Sachs Group restated a “sell” rating and set a $254.00 price target on shares of Illinois Tool Works in a research report on Thursday, April 30th. JPMorgan Chase & Co. decreased their price target on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Finally, Citigroup boosted their price objective on Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. One equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $271.92.

Insider Activity

In other news, Director Jennifer F. Scanlon bought 806 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was purchased at an average price of $247.99 per share, with a total value of $199,879.94. Following the transaction, the director owned 1,652 shares of the company’s stock, valued at approximately $409,679.48. The trade was a 95.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.83% of the company’s stock.

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.