5,734 Shares in Illinois Tool Works Inc. $ITW Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP purchased a new position in Illinois Tool Works Inc. (NYSE:ITW) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,734 shares of the industrial products company’s stock, valued at approximately $1,531,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Putney Financial Group LLC purchased a new position in Illinois Tool Works during the third quarter valued at $26,000. Continuum Advisory LLC purchased a new stake in Illinois Tool Works in the 2nd quarter worth $29,000. Physician Wealth Advisors Inc. lifted its stake in Illinois Tool Works by 77.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 112 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 49 shares in the last quarter. Wilkerson Advisory Group LLC lifted its stake in Illinois Tool Works by 77.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 52 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new position in shares of Illinois Tool Works during the 1st quarter valued at about $32,000. 79.77% of the stock is currently owned by institutional investors.

Illinois Tool Works Stock Performance

Illinois Tool Works stock opened at $288.44 on Thursday. The company’s 50-day moving average price is $272.60 and its 200-day moving average price is $271.83. Illinois Tool Works Inc. has a twelve month low of $238.82 and a twelve month high of $303.15. The company has a quick ratio of 0.94, a current ratio of 1.29 and a debt-to-equity ratio of 2.28. The company has a market cap of $81.97 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 3.16 and a beta of 0.92.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.97 by $0.03. Illinois Tool Works had a return on equity of 103.35% and a net margin of 19.39%. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same quarter last year, the business posted $2.81 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. On average, equities research analysts forecast that Illinois Tool Works Inc. will post 11.49 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be given a dividend of $1.72 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $6.88 annualized dividend and a dividend yield of 2.4%. Illinois Tool Works’s payout ratio is currently 61.32%.

Key Headlines Impacting Illinois Tool Works

Investors following ITW have been watching these headlines:

• Negative Sentiment: Zacks cut its FY2027 EPS estimate to $12.21 from $12.33 and its FY2028 estimate to $13.08 from $13.20. It also reduced forecasts for several quarters, including Q3 2027 ($3.17 from $3.27) and Q3 2028 ($3.39 from $3.48). The revisions could pressure sentiment, although the new annual estimates still imply higher earnings in 2027 and 2028 than the cited current-year consensus of $11.49. Illinois Tool Works analyst estimates

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Weiss Ratings raised Illinois Tool Works from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 28th. The Goldman Sachs Group reissued a “sell” rating and set a $270.00 price target on shares of Illinois Tool Works in a research note on Tuesday, October 27th. Deutsche Bank cut their price target on Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. JPMorgan Chase & Co. cut Illinois Tool Works from an “overweight” rating to a “neutral” rating and cut their price target for the company from $350.00 to $270.00 in a report on Friday, October 9th. Finally, UBS Group set a $277.00 price objective on Illinois Tool Works in a research note on Friday, October 9th. One 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, Illinois Tool Works currently has an average rating of “Reduce” and an average price target of $276.33.

Insider Buying and Selling at Illinois Tool Works

In other news, Director Ernest Santi sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $292.87, for a total transaction of $17,572,200.00. Following the transaction, the director owned 266,333 shares of the company’s stock, valued at approximately $78,000,945.71. The trade was a 18.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.83% of the company’s stock.

About Illinois Tool Works

Illinois Tool Works Inc. (NYSE: ITW) is a diversified manufacturer serving industrial and commercial customers around the world. Founded in 1912, the company is known for its decentralized operating model and focus on specialized products and solutions. ITW’s businesses make products and equipment for a range of markets, including automotive, food service, construction, welding, and testing and measurement. Its offerings include food-service equipment, welding systems and consumables, automotive components, construction products, polymers and fluids, and laboratory and electronics testing equipment.