Folger Nolan Fleming Douglas Capital Management Inc. Has $15.86 Million Stake in Illinois Tool Works Inc. $ITW

Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in Illinois Tool Works Inc. (NYSE:ITW) by 4.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,936 shares of the industrial products company’s stock after buying an additional 2,567 shares during the period. Illinois Tool Works makes up approximately 1.4% of Folger Nolan Fleming Douglas Capital Management Inc.’s investment portfolio, making the stock its 21st biggest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Illinois Tool Works were worth $15,861,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cresta Advisors Ltd. acquired a new stake in shares of Illinois Tool Works during the 4th quarter worth $25,000. Motiv8 Investments LLC acquired a new position in Illinois Tool Works in the fourth quarter valued at about $27,000. Kemnay Advisory Services Inc. acquired a new position in Illinois Tool Works in the fourth quarter valued at about $27,000. Lodestone Wealth Management LLC bought a new stake in Illinois Tool Works during the fourth quarter worth about $28,000. Finally, Beacon Financial Strategies CORP acquired a new stake in Illinois Tool Works during the fourth quarter worth about $29,000. Institutional investors own 79.77% of the company’s stock.

Insider Activity

In related news, Director Jennifer F. Scanlon bought 806 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average price of $247.99 per share, with a total value of $199,879.94. Following the completion of the transaction, the director directly owned 1,652 shares in the company, valued at approximately $409,679.48. This represents a 95.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research report on Monday, May 4th. Barclays reduced 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. Weiss Ratings lowered Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Evercore dropped their price target on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Finally, Citigroup raised their price objective on Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $271.92.

Illinois Tool Works Price Performance

Shares of NYSE ITW opened at $267.62 on Tuesday. The firm’s 50-day moving average price is $258.04 and its 200-day moving average price is $264.29. The firm has a market capitalization of $77.00 billion, a P/E ratio of 24.85, a P/E/G ratio of 4.60 and a beta of 1.01. 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 1-year low of $238.82 and a 1-year high of $303.15.

Illinois Tool Works (NYSE:ITW) last announced 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. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the firm posted $2.38 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Equities research analysts anticipate that Illinois Tool Works Inc. will post 11.37 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders 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 yield of 2.4%. Illinois Tool Works’s payout ratio is 59.80%.

About Illinois Tool Works

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.