6,543 Shares in Illinois Tool Works Inc. $ITW Bought by Marble Wealth LLC

Marble Wealth LLC purchased a new position in shares of Illinois Tool Works Inc. (NYSE:ITW) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,543 shares of the industrial products company’s stock, valued at approximately $1,611,000.

Several other large investors have also modified their holdings of ITW. Cresta Advisors Ltd. bought a new stake in Illinois Tool Works during the 4th quarter valued at approximately $25,000. Lodestone Wealth Management LLC acquired a new stake in Illinois Tool Works during the fourth quarter worth about $28,000. Beacon Financial Strategies CORP acquired a new stake in Illinois Tool Works during the fourth quarter worth about $29,000. Ares Financial Consulting LLC acquired a new stake in Illinois Tool Works during the fourth quarter valued at approximately $31,000. Finally, Basepoint Wealth LLC acquired a new stake in Illinois Tool Works during the fourth quarter valued at approximately $32,000. 79.77% of the stock is owned by institutional investors.

Illinois Tool Works Stock Up 1.2%

NYSE:ITW opened at $248.83 on Wednesday. The stock’s fifty day moving average price is $259.65 and its two-hundred day moving average price is $262.42. Illinois Tool Works Inc. has a 52-week low of $238.82 and a 52-week high of $303.15. 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 company has a market cap of $71.59 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 4.22 and a beta of 1.01.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the business earned $2.38 EPS. The business’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 anticipate that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $1.61 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 annualized dividend and a yield of 2.6%. Illinois Tool Works’s dividend payout ratio is currently 59.80%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ITW. 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. Barclays cut their target price on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research note on Wednesday, April 1st. JPMorgan Chase & Co. cut their target price on shares of Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Wells Fargo & Company lifted their target price on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research note on Monday, May 4th. Finally, Wolfe Research lifted their target price on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target 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.