Strs Ohio Has $20.68 Million Stock Position in Illinois Tool Works Inc. $ITW

Strs Ohio lowered its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 4.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,435 shares of the industrial products company’s stock after selling 3,828 shares during the period. Strs Ohio’s holdings in Illinois Tool Works were worth $20,676,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cresta Advisors Ltd. acquired a new position in Illinois Tool Works during the fourth quarter worth $25,000. Motiv8 Investments LLC bought a new stake in shares of Illinois Tool Works in the 4th quarter valued at about $27,000. Kemnay Advisory Services Inc. acquired a new stake in Illinois Tool Works in the 4th quarter valued at about $27,000. Lodestone Wealth Management LLC bought a new position in Illinois Tool Works during the fourth quarter worth about $28,000. Finally, Beacon Financial Strategies CORP acquired a new position in Illinois Tool Works during the fourth quarter worth approximately $29,000. 79.77% of the stock is owned by institutional investors.

Illinois Tool Works Price Performance

Illinois Tool Works stock opened at $272.80 on Friday. The company has a market capitalization of $78.49 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 4.69 and a beta of 1.00. The stock’s 50 day moving average is $258.09 and its 200-day moving average is $264.65. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04. Illinois Tool Works Inc. has a 12 month low of $238.82 and a 12 month high of $303.15.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data 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. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Equities research analysts expect that Illinois Tool Works Inc. will post 11.37 EPS for the current 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 paid a $1.61 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.4%. Illinois Tool Works’s dividend payout ratio is 59.80%.

Insider Buying and Selling

In other Illinois Tool Works news, Director Jennifer F. Scanlon acquired 806 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the purchase, the director directly owned 1,652 shares of the company’s stock, valued at $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ITW. Wells Fargo & Company upped their price objective on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. decreased their target price on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Barclays dropped their price target on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Truist Financial lifted their price objective on shares of Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Evercore decreased their price objective on shares of Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Illinois Tool Works currently has a consensus rating of “Reduce” and an average target price of $273.54.

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.