Illinois Tool Works Inc. $ITW is Regents Gate Capital LLP’s 6th Largest Position

Regents Gate Capital LLP raised its stake in Illinois Tool Works Inc. (NYSE:ITW) by 263.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 49,123 shares of the industrial products company’s stock after buying an additional 35,615 shares during the quarter. Illinois Tool Works comprises 4.3% of Regents Gate Capital LLP’s investment portfolio, making the stock its 6th largest position. Regents Gate Capital LLP’s holdings in Illinois Tool Works were worth $12,146,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Frazier Financial Advisors LLC purchased a new stake in shares of Illinois Tool Works in the second quarter worth approximately $25,000. von Borstel & Associates Inc. purchased a new stake in shares of Illinois Tool Works during the first quarter valued at approximately $26,000. SOA Wealth Advisors LLC. increased its position in shares of Illinois Tool Works by 90.9% during the second 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 purchased a new stake in shares of Illinois Tool Works during the first quarter valued at approximately $29,000. Finally, 1248 Management LLC purchased a new stake in shares of Illinois Tool Works during the first quarter valued at approximately $30,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Illinois Tool Works

In other news, CAO Randall J. Scheuneman sold 6,802 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $265.08, for a total value of $1,803,074.16. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.88% of the stock is owned by insiders.

Illinois Tool Works Price Performance

Shares of NYSE ITW opened at $244.08 on Friday. The stock has a fifty day simple moving average of $257.51 and a two-hundred day simple moving average of $252.43. Illinois Tool Works Inc. has a 1-year low of $214.66 and a 1-year high of $279.13. The firm has a market cap of $70.81 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 4.10 and a beta of 1.10. The company has a current ratio of 1.53, a quick ratio of 1.11 and a debt-to-equity ratio of 2.39.

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

Illinois Tool Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 31st will be issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, December 31st. Illinois Tool Works’s dividend payout ratio (DPR) is presently 62.46%.

Analyst Upgrades and Downgrades

ITW has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Friday. Evercore ISI set a $265.00 price target on Illinois Tool Works and gave the company an “underperform” rating in a research report on Tuesday, August 19th. Stifel Nicolaus increased their price target on Illinois Tool Works from $255.00 to $261.00 and gave the company a “hold” rating in a research report on Thursday, July 31st. Barclays increased their price target on Illinois Tool Works from $243.00 to $244.00 and gave the company an “underweight” rating in a research report on Monday, October 27th. Finally, Truist Financial reduced their price objective on Illinois Tool Works from $298.00 to $275.00 and set a “hold” rating for the company in a report on Monday, October 27th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Illinois Tool Works presently has a consensus rating of “Reduce” and a consensus target price of $262.00.

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.