Arrowstreet Capital Limited Partnership Reduces Position in Illinois Tool Works Inc. $ITW

Arrowstreet Capital Limited Partnership lessened its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 0.9% during the 4th quarter, HoldingsChannel reports. The fund owned 1,319,557 shares of the industrial products company’s stock after selling 12,230 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Illinois Tool Works were worth $325,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Cresta Advisors Ltd. purchased a new position in shares of Illinois Tool Works during the 4th quarter worth $25,000. Lodestone Wealth Management LLC purchased a new position in shares of Illinois Tool Works during the 4th quarter worth $28,000. Beacon Financial Strategies CORP purchased a new position in shares of Illinois Tool Works during the 4th quarter worth $29,000. Meeder Asset Management Inc. boosted its stake in shares of Illinois Tool Works by 215.0% during the 4th quarter. Meeder Asset Management Inc. now owns 126 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 86 shares during the last quarter. Finally, Sfam LLC purchased a new position in shares of Illinois Tool Works during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ITW shares. Barclays dropped their price target on shares of 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. The Goldman Sachs Group reiterated a “sell” rating and set a $254.00 price target on shares of Illinois Tool Works in a research note on Thursday, April 30th. Citigroup lifted their price target on shares of Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Wells Fargo & Company lifted their price target on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research note on Monday, May 4th. Finally, Weiss Ratings cut shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $271.92.

Insider Buying and Selling

In related news, Director Jennifer F. Scanlon purchased 806 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were 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 in the company, valued at $409,679.48. This trade 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 through this link. 0.83% of the stock is currently owned by insiders.

Illinois Tool Works Stock Down 0.1%

ITW opened at $257.22 on Monday. 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 fifty-two week low of $238.82 and a fifty-two week high of $303.15. The firm’s fifty day moving average is $258.18 and its 200 day moving average is $263.01. The stock has a market cap of $74.00 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 4.42 and a beta of 1.01.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the previous year, the company earned $2.38 EPS. Illinois Tool Works’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. On average, sell-side analysts forecast that Illinois Tool Works Inc. will post 11.37 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid a dividend of $1.61 per share. The ex-dividend date is Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.5%. Illinois Tool Works’s payout ratio is 59.80%.

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.