Focus Partners Advisor Solutions LLC Makes New Investment in Illinois Tool Works Inc. $ITW

Focus Partners Advisor Solutions LLC purchased a new stake in Illinois Tool Works Inc. (NYSE:ITW) during the 2nd quarter, HoldingsChannel reports. The fund purchased 11,314 shares of the industrial products company’s stock, valued at approximately $3,060,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ITW. Cresta Advisors Ltd. bought a new position in shares of Illinois Tool Works in the fourth quarter worth $25,000. Motiv8 Investments LLC bought a new stake in shares of Illinois Tool Works during the 4th quarter valued at $27,000. Kemnay Advisory Services Inc. purchased a new stake in Illinois Tool Works during the 4th quarter worth about $27,000. Abound Wealth Management lifted its holdings in Illinois Tool Works by 178.6% during the 2nd quarter. Abound Wealth Management now owns 117 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 75 shares in the last quarter. Finally, Wilkerson Advisory Group LLC boosted 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 during the period. 79.77% of the stock is owned by institutional investors.

Illinois Tool Works Stock Performance

Shares of NYSE ITW opened at $290.74 on Friday. The stock has a market cap of $82.80 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 4.91 and a beta of 0.99. The company has a current ratio of 1.11, a quick ratio of 0.81 and a debt-to-equity ratio of 2.26. Illinois Tool Works Inc. has a 1-year low of $238.82 and a 1-year high of $303.15. The stock’s 50-day moving average is $275.01 and its 200 day moving average is $270.65.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.04. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the previous year, the company posted $2.58 EPS. Illinois Tool Works’s quarterly revenue was up 6.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, sell-side analysts anticipate that Illinois Tool Works Inc. will post 11.45 EPS for the current fiscal year.

Illinois Tool Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be issued a $1.72 dividend. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, September 30th. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s dividend payout ratio (DPR) is presently 58.39%.

Insider Activity

In other Illinois Tool Works news, Director Jennifer F. Scanlon bought 806 shares of Illinois Tool Works stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average price of $247.99 per share, with a total value of $199,879.94. Following the acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ITW shares. Citigroup reissued a “neutral” rating on shares of Illinois Tool Works in a report on Monday, July 13th. Wolfe Research reiterated an “underperform” rating and set a $286.00 target price on shares of Illinois Tool Works in a research report on Thursday, July 9th. Truist Financial boosted their price target on shares of Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. increased their price target on shares of Illinois Tool Works from $310.00 to $350.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Evercore dropped their price objective on shares of Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $281.25.

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.