Dickmeyer Boyce Financial Management Inc. Acquires Shares of 6,112 Illinois Tool Works Inc. $ITW

Dickmeyer Boyce Financial Management Inc. bought a new position in shares of Illinois Tool Works Inc. (NYSE:ITW) during the first quarter, Holdings Channel.com reports. The fund bought 6,112 shares of the industrial products company’s stock, valued at approximately $1,591,000. Illinois Tool Works accounts for 0.9% of Dickmeyer Boyce Financial Management Inc.’s investment portfolio, making the stock its 27th largest holding.

Other large investors have also recently made changes to their positions in the company. Cresta Advisors Ltd. bought a new position in Illinois Tool Works in the 4th quarter valued at about $25,000. Motiv8 Investments LLC bought a new stake in Illinois Tool Works during the fourth quarter worth $27,000. Kemnay Advisory Services Inc. purchased a new stake in Illinois Tool Works in the 4th quarter valued at $27,000. Lodestone Wealth Management LLC bought a new position in Illinois Tool Works during the 4th quarter valued at $28,000. Finally, Beacon Financial Strategies CORP purchased a new position in Illinois Tool Works during the 4th quarter worth $29,000. 79.77% of the stock is owned by institutional investors.

Illinois Tool Works Stock Performance

NYSE ITW opened at $276.59 on Friday. The company’s 50 day simple moving average is $261.69 and its two-hundred day simple moving average is $266.84. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15. The stock has a market capitalization of $79.57 billion, a PE ratio of 25.68, a P/E/G ratio of 4.71 and a beta of 1.00.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share 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 analysts’ expectations 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 quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.38 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Analysts predict that Illinois Tool Works Inc. will post 11.37 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were issued a $1.61 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.3%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 59.80%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ITW. Truist Financial raised their price target on shares of Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Barclays cut their price objective on 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. Weiss Ratings lowered Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group reiterated a “sell” rating and set a $254.00 target price on shares of Illinois Tool Works in a research note on Thursday, April 30th. Finally, Wolfe Research restated an “underperform” rating and set a $286.00 price target on shares of Illinois Tool Works in a research report on Thursday, July 9th. One 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 MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $274.00.

Insider Activity at Illinois Tool Works

In related news, Director Jennifer F. Scanlon acquired 806 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the transaction, the director owned 1,652 shares in the company, valued at approximately $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.83% of the company’s stock.

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.