Clare Market Investments LLC Purchases New Stake in Illinois Tool Works Inc. $ITW

Clare Market Investments LLC bought a new position in shares of Illinois Tool Works Inc. (NYSE:ITW) in the 1st quarter, HoldingsChannel reports. The fund bought 3,190 shares of the industrial products company’s stock, valued at approximately $830,000.

Several other large investors have also added to or reduced their stakes in the business. Siemens Fonds Invest GmbH increased its holdings in shares of Illinois Tool Works by 70.1% in the third quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company’s stock worth $4,753,000 after buying an additional 7,508 shares during the period. Hudson Bay Capital Management LP increased its position in shares of Illinois Tool Works by 123.4% in the third quarter. Hudson Bay Capital Management LP now owns 23,063 shares of the industrial products company’s stock valued at $6,014,000 after acquiring an additional 12,741 shares during the period. Gradient Investments LLC boosted its holdings in shares of Illinois Tool Works by 691.3% during the fourth quarter. Gradient Investments LLC now owns 62,677 shares of the industrial products company’s stock worth $15,437,000 after purchasing an additional 54,756 shares during the period. Y.D. More Investments Ltd purchased a new position in Illinois Tool Works during the 4th quarter valued at about $2,498,000. Finally, Orser Capital Management LLC purchased a new position in shares of Illinois Tool Works during the fourth quarter valued at approximately $979,000. Institutional investors own 79.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ITW. Truist Financial raised their price objective on shares of Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Weiss Ratings downgraded Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Wells Fargo & Company boosted their target price on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a report on Monday, May 4th. Evercore decreased their price target on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $273.54.

Illinois Tool Works Price Performance

NYSE ITW opened at $273.00 on Tuesday. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. The stock has a 50-day moving average of $258.09 and a 200 day moving average of $264.69. 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 $78.54 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 4.69 and a beta of 1.00.

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

Illinois Tool Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be given a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 59.80%.

Insider Buying and Selling at Illinois Tool Works

In other Illinois Tool Works news, Director Jennifer F. Scanlon purchased 806 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the purchase, the director owned 1,652 shares of the company’s stock, valued at approximately $409,679.48. This represents a 95.27% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.83% of the company’s stock.

Illinois Tool Works 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.