Beto Financial Group LLC Buys Shares of 4,617 Illinois Tool Works Inc. $ITW

Beto Financial Group LLC acquired a new position in Illinois Tool Works Inc. (NYSE:ITW) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,617 shares of the industrial products company’s stock, valued at approximately $1,220,000. Illinois Tool Works comprises approximately 0.8% of Beto Financial Group LLC’s investment portfolio, making the stock its 25th largest holding.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Illinois Tool Works by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 26,887,218 shares of the industrial products company’s stock worth $6,622,322,000 after purchasing an additional 189,229 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Illinois Tool Works by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 6,944,651 shares of the industrial products company’s stock worth $1,709,734,000 after buying an additional 184,301 shares during the period. Capital Research Global Investors boosted its holdings in shares of Illinois Tool Works by 3.0% in the third quarter. Capital Research Global Investors now owns 4,493,555 shares of the industrial products company’s stock worth $1,171,740,000 after buying an additional 131,702 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Illinois Tool Works by 1.5% in the fourth quarter. Fisher Asset Management LLC now owns 3,705,081 shares of the industrial products company’s stock worth $912,562,000 after buying an additional 54,519 shares during the period. Finally, Norges Bank acquired a new position in shares of Illinois Tool Works in the fourth quarter worth about $808,351,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

Wall Street Analyst Weigh In

ITW has been the subject of several recent analyst reports. Truist Financial raised their target price on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. The Goldman Sachs Group reiterated a “sell” rating and issued a $254.00 target price on shares of Illinois Tool Works in a report on Thursday, April 30th. Evercore decreased their target price on shares of Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. JPMorgan Chase & Co. decreased 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 report on Friday, May 1st. Finally, Robert W. Baird set a $278.00 target price on shares of Illinois Tool Works in a report on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $271.92.

Illinois Tool Works Price Performance

Shares of ITW opened at $245.86 on Tuesday. The firm has a market cap of $70.73 billion, a PE ratio of 22.83, a PEG ratio of 4.25 and a beta of 1.01. The firm’s 50 day moving average price is $259.65 and its 200 day moving average price is $262.42. 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 twelve month low of $238.82 and a twelve 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 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the firm earned $2.38 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, research analysts expect that Illinois Tool Works Inc. will post 11.37 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be given 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%.

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.