Insider Buying: Illinois Tool Works (NYSE:ITW) Director Acquires 806 Shares of Stock

Illinois Tool Works Inc. (NYSE:ITW) Director Jennifer Scanlon bought 806 shares of Illinois Tool Works 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 trade represents a 95.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Illinois Tool Works Trading Up 0.4%

ITW stock traded up $0.88 during midday trading on Thursday, reaching $251.14. The company’s stock had a trading volume of 965,446 shares, compared to its average volume of 1,412,159. 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 stock has a fifty day simple moving average of $259.23 and a two-hundred day simple moving average of $262.48. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15. The firm has a market capitalization of $72.25 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 4.27 and a beta of 1.01.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.09. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the firm posted $2.38 earnings per share. The business’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. On average, equities research analysts predict that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be paid a $1.61 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a yield of 2.6%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 59.80%.

Institutional Investors Weigh In On Illinois Tool Works

Institutional investors have recently added to or reduced their stakes in the stock. Cresta Advisors Ltd. bought a new stake in Illinois Tool Works during the fourth quarter valued at about $25,000. Motiv8 Investments LLC bought a new stake in Illinois Tool Works during the fourth quarter valued at about $27,000. Kemnay Advisory Services Inc. bought a new stake in Illinois Tool Works during the fourth quarter valued at about $27,000. Lodestone Wealth Management LLC bought a new stake in Illinois Tool Works during the fourth quarter valued at about $28,000. Finally, Beacon Financial Strategies CORP bought a new stake in Illinois Tool Works during the fourth quarter valued at about $29,000. Institutional investors own 79.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ITW shares. The Goldman Sachs Group reiterated a “sell” rating and issued a $254.00 target price on shares of Illinois Tool Works in a research note on Thursday, April 30th. JPMorgan Chase & Co. dropped their price target on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Evercore dropped their price target on Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. UBS Group reissued a “neutral” rating and set a $285.00 price target on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Finally, Barclays dropped their price target on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $271.92.

About Illinois Tool Works

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.