WCG Wealth Advisors LLC Invests $3.68 Million in Illinois Tool Works Inc. $ITW

WCG Wealth Advisors LLC acquired a new position in Illinois Tool Works Inc. (NYSE:ITW) during the fourth quarter, HoldingsChannel reports. The firm acquired 14,959 shares of the industrial products company’s stock, valued at approximately $3,684,000.

Other hedge funds have also made changes to their positions in the company. Johnson Financial Group LLC lifted its stake in shares of Illinois Tool Works by 3.7% during the fourth quarter. Johnson Financial Group LLC now owns 1,275 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 45 shares in the last quarter. CIBC Asset Management Inc lifted its position in Illinois Tool Works by 26.9% during the 4th quarter. CIBC Asset Management Inc now owns 113,989 shares of the industrial products company’s stock worth $28,075,000 after acquiring an additional 24,129 shares in the last quarter. Marble Wealth LLC purchased a new position in shares of Illinois Tool Works in the fourth quarter valued at $1,611,000. Bank of New York Mellon Corp lifted its holdings in Illinois Tool Works by 1.7% during the 4th quarter. Bank of New York Mellon Corp now owns 2,374,268 shares of the industrial products company’s stock worth $584,782,000 after buying an additional 40,503 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Illinois Tool Works by 11.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,311,357 shares of the industrial products company’s stock worth $815,587,000 after purchasing an additional 353,056 shares during the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Trading Up 0.4%

Illinois Tool Works stock opened at $251.14 on Friday. The firm has a market capitalization of $72.25 billion, a PE ratio of 23.32, a PEG ratio of 4.30 and a beta of 1.01. The business’s 50-day simple moving average is $258.95 and its 200-day simple moving average is $262.53. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.09. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Equities research analysts forecast that Illinois Tool Works Inc. will post 11.37 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The business 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 currently 59.80%.

Insider Transactions at Illinois Tool Works

In other news, Director Jennifer F. Scanlon acquired 806 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the transaction, the director owned 1,652 shares of the company’s stock, valued at approximately $409,679.48. This represents 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. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ITW shares. Weiss Ratings downgraded Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $254.00 target price on shares of Illinois Tool Works in a research note on Thursday, April 30th. 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 report on Monday, May 4th. Citigroup boosted their price objective on Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Wolfe Research raised their target price on Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $271.92.

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.