Boston Trust Walden Corp Sells 2,616 Shares of Illinois Tool Works Inc. $ITW

Boston Trust Walden Corp reduced its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 1.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 188,364 shares of the industrial products company’s stock after selling 2,616 shares during the quarter. Boston Trust Walden Corp owned 0.07% of Illinois Tool Works worth $49,029,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ITW. Cresta Advisors Ltd. purchased a new stake in Illinois Tool Works in the 4th quarter worth $25,000. Motiv8 Investments LLC purchased a new position in shares of Illinois Tool Works in the fourth quarter valued at about $27,000. Kemnay Advisory Services Inc. purchased a new position in shares of Illinois Tool Works in the fourth quarter valued at about $27,000. Lodestone Wealth Management LLC bought a new position in shares of Illinois Tool Works in the fourth quarter worth about $28,000. Finally, Beacon Financial Strategies CORP purchased a new stake in shares of Illinois Tool Works during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ITW. JPMorgan Chase & Co. cut their price objective 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. Evercore lowered their target price on shares of Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Citigroup upped their target price on shares of Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. 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. Finally, Barclays decreased 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. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $273.54.

Insider Buying and Selling

In other Illinois Tool Works news, Director Jennifer F. Scanlon bought 806 shares of Illinois Tool Works stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average cost of $247.99 per share, with a total value of $199,879.94. Following the transaction, the director directly owned 1,652 shares of the company’s stock, valued at approximately $409,679.48. This represents a 95.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.83% of the stock is owned by insiders.

Illinois Tool Works Trading Up 1.4%

Shares of NYSE ITW opened at $272.80 on Friday. The business’s 50 day moving average is $257.98 and its two-hundred day moving average is $264.60. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86. Illinois Tool Works Inc. has a 1-year low of $238.82 and a 1-year high of $303.15. The stock has a market capitalization of $78.49 billion, a P/E ratio of 25.33, a PEG ratio of 4.62 and a beta of 0.99.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results 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. The company 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%.Illinois Tool Works’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter 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. As a group, research analysts expect that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Dividend Announcement

The business also recently disclosed 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. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio is 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.