O Shaughnessy Asset Management LLC Raises Position in Illinois Tool Works Inc. $ITW

O Shaughnessy Asset Management LLC lifted its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 6.4% in the 4th quarter, HoldingsChannel reports. The firm owned 79,931 shares of the industrial products company’s stock after buying an additional 4,824 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Illinois Tool Works were worth $19,687,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Cresta Advisors Ltd. purchased a new position in Illinois Tool Works in the 4th quarter valued at approximately $25,000. Lodestone Wealth Management LLC purchased a new position in Illinois Tool Works in the 4th quarter valued at approximately $28,000. Beacon Financial Strategies CORP purchased a new position in Illinois Tool Works in the 4th quarter valued at approximately $29,000. Ares Financial Consulting LLC purchased a new position in Illinois Tool Works in the 4th quarter valued at approximately $31,000. Finally, Basepoint Wealth LLC purchased a new position in Illinois Tool Works in the 4th quarter valued at approximately $32,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Illinois Tool Works Stock Performance

NYSE ITW opened at $252.60 on Tuesday. Illinois Tool Works Inc. has a 52-week low of $238.82 and a 52-week high of $303.15. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. The company has a market capitalization of $72.67 billion, a P/E ratio of 23.45, a P/E/G ratio of 4.34 and a beta of 1.01. The company has a fifty day moving average of $258.50 and a 200-day moving average of $262.68.

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

Illinois Tool Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Illinois Tool Works’s payout ratio is currently 59.80%.

Analysts Set New Price Targets

ITW has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research note on Monday, May 4th. Weiss Ratings downgraded shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. cut their price target on shares of Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Wolfe Research raised their price target on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a report on Friday, February 27th. Finally, Citigroup raised their price target on shares of Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Illinois Tool Works has a consensus rating of “Reduce” and a consensus price target of $271.92.

Insider Activity

In related news, Director Jennifer F. Scanlon acquired 806 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average cost of $247.99 per share, with a total value of $199,879.94. Following the acquisition, the director 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.83% of the company’s stock.

Illinois Tool Works Company 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.