Boston Trust Walden Corp Lowers Holdings in Illinois Tool Works Inc. $ITW

Boston Trust Walden Corp cut its stake in Illinois Tool Works Inc. (NYSE:ITW) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 188,364 shares of the industrial products company’s stock after selling 2,616 shares during the quarter. Boston Trust Walden Corp’s holdings in Illinois Tool Works were worth $49,029,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Cresta Advisors Ltd. acquired a new position in Illinois Tool Works in the 4th quarter worth about $25,000. Motiv8 Investments LLC acquired a new stake in Illinois Tool Works in the fourth quarter valued at approximately $27,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Illinois Tool Works in the fourth quarter valued at approximately $27,000. Lodestone Wealth Management LLC acquired a new position in shares of Illinois Tool Works during the 4th quarter worth approximately $28,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of Illinois Tool Works during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ITW. Barclays cut their price objective on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research note on Wednesday, April 1st. Truist Financial raised their target price on Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a research report on Thursday. Wells Fargo & Company boosted their price target on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research report on Monday, May 4th. Citigroup increased their price objective on Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Finally, Evercore decreased their price objective on Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $273.54.

Illinois Tool Works Price Performance

Illinois Tool Works stock opened at $272.80 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04. The company has a 50-day moving average price of $257.98 and a 200 day moving average price of $264.60. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15. The stock has a market cap of $78.49 billion, a P/E ratio of 25.33, a PEG ratio of 4.62 and a beta of 0.99.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, topping the consensus estimate of $2.57 by $0.09. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.01 billion. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Sell-side analysts anticipate that Illinois Tool Works Inc. will post 11.37 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be given 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 payout ratio is 59.80%.

Insider Transactions at Illinois Tool Works

In related news, Director Jennifer F. Scanlon acquired 806 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was bought at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the purchase, the director directly owned 1,652 shares of the company’s stock, valued at approximately $409,679.48. The trade was a 95.27% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.83% of the stock is owned by corporate insiders.

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.