GPS Wealth Strategies Group LLC Sells 5,150 Shares of Illinois Tool Works Inc. $ITW

GPS Wealth Strategies Group LLC cut its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 85.7% during the 4th quarter, Holdings Channel reports. The fund owned 857 shares of the industrial products company’s stock after selling 5,150 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Illinois Tool Works were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cresta Advisors Ltd. bought a new stake in shares of Illinois Tool Works during the 4th quarter valued at $25,000. Lodestone Wealth Management LLC bought a new stake in shares of Illinois Tool Works during the 4th quarter valued at $28,000. Beacon Financial Strategies CORP bought a new stake in shares of Illinois Tool Works during the 4th quarter valued at $29,000. Ares Financial Consulting LLC bought a new stake in shares of Illinois Tool Works during the 4th quarter valued at $31,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Illinois Tool Works during the 4th quarter valued at $39,000. 79.77% of the stock is currently owned by institutional investors.

Illinois Tool Works Stock Performance

Shares of NYSE:ITW opened at $252.34 on Friday. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. The firm has a fifty day simple moving average of $261.54 and a two-hundred day simple moving average of $262.09. The stock has a market capitalization of $72.60 billion, a P/E ratio of 23.43, a PEG ratio of 4.29 and a beta of 1.04.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, topping 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 analysts’ expectations of $4.01 billion. During the same period in the previous year, the company 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. On average, analysts expect that Illinois Tool Works Inc. will post 11.37 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid a dividend of $1.61 per share. 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 payout ratio is currently 59.80%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ITW shares. The Goldman Sachs Group restated a “sell” rating and set a $254.00 price objective on shares of Illinois Tool Works in a research report on Thursday, April 30th. JPMorgan Chase & Co. decreased their price objective on shares of 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. Wells Fargo & Company raised their price objective on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research report on Monday, May 4th. Wolfe Research raised their price objective on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research report on Friday, February 27th. Finally, UBS Group reaffirmed a “neutral” rating and set a $285.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Illinois Tool Works currently has a consensus rating of “Reduce” and a consensus target price 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.