25,478 Shares in Illinois Tool Works Inc. $ITW Bought by Tradewinds LLC.

Tradewinds LLC. purchased a new stake in Illinois Tool Works Inc. (NYSE:ITW) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 25,478 shares of the industrial products company’s stock, valued at approximately $6,644,000. Illinois Tool Works comprises approximately 1.6% of Tradewinds LLC.’s portfolio, making the stock its 18th biggest holding.

Other institutional investors also recently modified their holdings of the company. Bank & Trust Co increased its position in Illinois Tool Works by 0.4% during the second quarter. Bank & Trust Co now owns 10,215 shares of the industrial products company’s stock worth $2,526,000 after buying an additional 39 shares during the last quarter. Northcape Wealth Management LLC increased its holdings in shares of Illinois Tool Works by 2.1% during the 2nd quarter. Northcape Wealth Management LLC now owns 1,922 shares of the industrial products company’s stock worth $475,000 after acquiring an additional 40 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in Illinois Tool Works by 4.2% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 988 shares of the industrial products company’s stock valued at $244,000 after acquiring an additional 40 shares during the period. TFG Advisers LLC lifted its holdings in Illinois Tool Works by 0.5% during the 2nd quarter. TFG Advisers LLC now owns 8,461 shares of the industrial products company’s stock valued at $2,092,000 after purchasing an additional 42 shares during the last quarter. Finally, Freedom Investment Management Inc. boosted its position in Illinois Tool Works by 3.0% during the second quarter. Freedom Investment Management Inc. now owns 1,443 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 42 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ITW has been the subject of several research analyst reports. Wolfe Research lifted their target price on shares of Illinois Tool Works from $264.00 to $278.00 and gave the stock an “underperform” rating in a report on Thursday. The Goldman Sachs Group cut Illinois Tool Works from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $258.00 to $230.00 in a report on Tuesday, December 16th. Truist Financial lowered their price objective on Illinois Tool Works from $298.00 to $275.00 and set a “hold” rating on the stock in a research report on Monday, October 27th. Barclays boosted their target price on shares of Illinois Tool Works from $243.00 to $244.00 and gave the company an “underweight” rating in a research report on Monday, October 27th. Finally, Robert W. Baird set a $265.00 price target on shares of Illinois Tool Works in a research report on Monday, October 27th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $261.08.

Insider Activity at Illinois Tool Works

In related news, Director Pamela B. Strobel sold 1,521 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $245.25, for a total transaction of $373,025.25. Following the completion of the sale, the director directly owned 39,249 shares in the company, valued at $9,625,817.25. This represents a 3.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.88% of the company’s stock.

Illinois Tool Works Stock Up 0.6%

ITW stock opened at $263.56 on Monday. Illinois Tool Works Inc. has a 52 week low of $214.66 and a 52 week high of $278.13. The business has a 50-day simple moving average of $250.14 and a 200 day simple moving average of $254.82. The company has a quick ratio of 1.11, a current ratio of 1.53 and a debt-to-equity ratio of 2.39. The company has a market cap of $76.46 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 14.16 and a beta of 1.15.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Friday, October 24th. The industrial products company reported $2.81 EPS for the quarter, beating the consensus estimate of $2.72 by $0.09. Illinois Tool Works had a net margin of 19.05% and a return on equity of 93.26%. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the firm earned $3.91 EPS. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Illinois Tool Works has set its FY 2025 guidance at 10.400-10.500 EPS. Sell-side analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 31st were paid a $1.61 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $6.44 annualized dividend and a dividend yield of 2.4%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 62.46%.

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.