Advisory Alpha LLC Acquires 416 Shares of Illinois Tool Works Inc. $ITW

Advisory Alpha LLC lifted its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 39.9% in the second quarter, Holdings Channel reports. The fund owned 1,459 shares of the industrial products company’s stock after purchasing an additional 416 shares during the quarter. Advisory Alpha LLC’s holdings in Illinois Tool Works were worth $361,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ITW. Frazier Financial Advisors LLC bought a new position in shares of Illinois Tool Works in the 2nd quarter valued at about $25,000. von Borstel & Associates Inc. bought a new position in shares of Illinois Tool Works in the 1st quarter valued at about $26,000. SOA Wealth Advisors LLC. lifted its holdings in shares of Illinois Tool Works by 90.9% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 105 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 50 shares during the last quarter. Saudi Central Bank bought a new position in shares of Illinois Tool Works in the 1st quarter valued at about $29,000. Finally, 1248 Management LLC bought a new position in shares of Illinois Tool Works in the 1st quarter valued at about $30,000. Institutional investors own 79.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ITW. Evercore ISI set a $265.00 price target on shares of Illinois Tool Works and gave the company an “underperform” rating in a report on Tuesday, August 19th. The Goldman Sachs Group set a $258.00 price objective on shares of Illinois Tool Works in a research note on Monday. UBS Group raised their price objective on shares of Illinois Tool Works from $243.00 to $255.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Truist Financial decreased their price objective on shares of Illinois Tool Works from $298.00 to $275.00 and set a “hold” rating for the company in a research note on Monday. Finally, Citigroup raised their price objective on shares of Illinois Tool Works from $254.00 to $265.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $262.00.

Illinois Tool Works Stock Performance

Shares of NYSE:ITW opened at $241.96 on Thursday. The firm has a market cap of $70.19 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 4.16 and a beta of 1.10. The firm’s 50 day simple moving average is $258.37 and its 200-day simple moving average is $252.27. Illinois Tool Works Inc. has a one year low of $214.66 and a one year high of $279.13. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.11 and a current ratio of 1.53.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Friday, October 24th. The industrial products company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.09. The business had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.09 billion. Illinois Tool Works had a net margin of 19.05% and a return on equity of 93.26%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $3.91 earnings per share. Illinois Tool Works has set its FY 2025 guidance at 10.400-10.500 EPS. As a group, equities analysts predict that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 31st will be given a dividend of $1.61 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.7%. Illinois Tool Works’s dividend payout ratio (DPR) is 62.46%.

Insider Transactions at Illinois Tool Works

In related news, CAO Randall J. Scheuneman sold 6,802 shares of Illinois Tool Works stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $265.08, for a total transaction of $1,803,074.16. Following the transaction, the chief accounting officer directly owned 10,314 shares of the company’s stock, valued at $2,734,035.12. This trade represents a 39.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.88% of the stock is currently owned by insiders.

Illinois Tool Works Company Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.