HighTower Advisors LLC Sells 10,416 Shares of Illinois Tool Works Inc. $ITW

HighTower Advisors LLC lessened its position in Illinois Tool Works Inc. (NYSE:ITW) by 6.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 153,857 shares of the industrial products company’s stock after selling 10,416 shares during the period. HighTower Advisors LLC’s holdings in Illinois Tool Works were worth $37,895,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Cresta Advisors Ltd. purchased a new stake in shares of Illinois Tool Works in the 4th quarter worth about $25,000. Lodestone Wealth Management LLC purchased a new stake in shares of Illinois Tool Works in the 4th quarter worth about $28,000. Beacon Financial Strategies CORP purchased a new stake in shares of Illinois Tool Works in the 4th quarter worth about $29,000. Ares Financial Consulting LLC purchased a new stake in shares of Illinois Tool Works in the 4th quarter worth about $31,000. Finally, MTM Investment Management LLC lifted its position in shares of Illinois Tool Works by 70.5% in the 3rd quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 67 shares during the period. Institutional investors own 79.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research report on Monday, May 4th. Citigroup raised their target price on shares of Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Wolfe Research raised their target price on shares of Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a research report on Friday, February 27th. Robert W. Baird set a $278.00 target price on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $254.00 target price on shares of Illinois Tool Works in a research report on Thursday, April 30th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Illinois Tool Works has an average rating of “Reduce” and an average price target of $271.92.

Illinois Tool Works Trading Down 0.3%

Shares of NYSE ITW opened at $249.94 on Friday. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15. The stock has a market cap of $71.91 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 4.31 and a beta of 1.04. The firm has a 50-day moving average of $261.93 and a 200 day moving average of $262.16. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (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 company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period last year, the company posted $2.38 EPS. Illinois Tool Works’s revenue was up 4.6% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, sell-side analysts expect that Illinois Tool Works Inc. will post 11.37 EPS 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 given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio (DPR) is 59.80%.

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.