5,839 Shares in Illinois Tool Works Inc. $ITW Acquired by Financial Planning Hawaii Inc.

Financial Planning Hawaii Inc. bought a new stake in Illinois Tool Works Inc. (NYSE:ITW) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,839 shares of the industrial products company’s stock, valued at approximately $1,438,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in shares of Illinois Tool Works by 5.3% in the 4th quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock valued at $1,399,000 after purchasing an additional 277 shares during the last quarter. Bison Wealth LLC increased its holdings in shares of Illinois Tool Works by 2.3% during the 4th quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock worth $901,000 after buying an additional 81 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Illinois Tool Works by 20.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company’s stock worth $257,000 after buying an additional 177 shares during the last quarter. American Century Companies Inc. raised its position in shares of Illinois Tool Works by 5.5% in the 2nd quarter. American Century Companies Inc. now owns 63,752 shares of the industrial products company’s stock worth $15,763,000 after buying an additional 3,311 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new position in Illinois Tool Works in the second quarter valued at $104,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

Insider Activity

In other news, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the sale, the director directly owned 258,766 shares of the company’s stock, valued at approximately $75,282,792.38. The trade was a 39.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Axel Beck sold 4,223 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $290.22, for a total value of $1,225,599.06. Following the completion of the transaction, the executive vice president directly owned 5,789 shares of the company’s stock, valued at $1,680,083.58. This represents a 42.18% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is owned by company insiders.

Illinois Tool Works Stock Down 1.1%

NYSE ITW opened at $256.11 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 2.07. Illinois Tool Works Inc. has a fifty-two week low of $214.66 and a fifty-two week high of $303.15. The business has a 50 day moving average price of $276.54 and a two-hundred day moving average price of $260.47. The stock has a market cap of $73.81 billion, a PE ratio of 24.41, a P/E/G ratio of 13.84 and a beta of 1.12.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.03. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same quarter last year, the firm posted $2.54 earnings per share. The business’s quarterly revenue was up 4.1% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. As a group, sell-side analysts predict that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $1.61 per share. The ex-dividend date is Tuesday, March 31st. This represents a $6.44 annualized dividend and a dividend yield of 2.5%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 61.39%.

Wall Street Analyst Weigh In

ITW has been the subject of a number of research reports. Barclays boosted their price target on Illinois Tool Works from $244.00 to $275.00 and gave the company an “underweight” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. lifted their price objective on Illinois Tool Works from $310.00 to $327.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Truist Financial increased their target price on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a research report on Wednesday, February 4th. The Goldman Sachs Group restated a “sell” rating and issued a $253.00 price target on shares of Illinois Tool Works in a report on Tuesday, February 3rd. Finally, Robert W. Baird set a $278.00 price target on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $275.69.

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.