Syon Capital LLC Raises Stock Position in Illinois Tool Works Inc. $ITW

Syon Capital LLC boosted its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 28.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,140 shares of the industrial products company’s stock after purchasing an additional 2,014 shares during the quarter. Syon Capital LLC’s holdings in Illinois Tool Works were worth $2,251,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Cresta Advisors Ltd. purchased a new stake in Illinois Tool Works in the 4th quarter worth $25,000. Lodestone Wealth Management LLC purchased a new stake in Illinois Tool Works in the 4th quarter worth $28,000. Beacon Financial Strategies CORP purchased a new stake in Illinois Tool Works in the 4th quarter worth $29,000. Ares Financial Consulting LLC purchased a new stake in Illinois Tool Works in the 4th quarter worth $31,000. Finally, Basepoint Wealth LLC purchased a new stake in Illinois Tool Works in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Down 0.1%

ITW opened at $252.48 on Monday. The firm has a 50-day simple moving average of $258.67 and a two-hundred day simple moving average of $262.61. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The company has a market capitalization of $72.64 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 4.34 and a beta of 1.01. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, beating 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 firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter last year, the firm earned $2.38 EPS. The firm’s revenue for the quarter 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. Analysts forecast that Illinois Tool Works Inc. will post 11.37 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

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

Insider Activity at Illinois Tool Works

In other Illinois Tool Works news, Director Jennifer F. Scanlon purchased 806 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased 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. The trade was a 95.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ITW shares. Wolfe Research increased their price target on Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a research note on Friday, February 27th. The Goldman Sachs Group reissued a “sell” rating and set a $254.00 price objective on shares of Illinois Tool Works in a report on Thursday, April 30th. JPMorgan Chase & Co. dropped their price objective 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. Citigroup increased their price objective 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. 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. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $271.92.

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.