Clare Market Investments LLC Invests $830,000 in Illinois Tool Works Inc. $ITW

Clare Market Investments LLC acquired a new position in shares of Illinois Tool Works Inc. (NYSE:ITW) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,190 shares of the industrial products company’s stock, valued at approximately $830,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ITW. Norges Bank acquired a new position in Illinois Tool Works in the fourth quarter valued at about $808,351,000. Auto Owners Insurance Co boosted its stake in shares of Illinois Tool Works by 24,530.0% during the 4th quarter. Auto Owners Insurance Co now owns 628,065 shares of the industrial products company’s stock worth $15,469,000 after buying an additional 625,515 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Illinois Tool Works by 1,517.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 390,022 shares of the industrial products company’s stock valued at $96,062,000 after purchasing an additional 365,915 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Illinois Tool Works by 11.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,311,357 shares of the industrial products company’s stock valued at $815,587,000 after acquiring an additional 353,056 shares during the last quarter. Finally, Caisse de depot et placement du Quebec grew its position in shares of Illinois Tool Works by 293.0% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 424,547 shares of the industrial products company’s stock valued at $110,705,000 after acquiring an additional 316,512 shares during the period. 79.77% of the stock is owned by institutional investors.

Illinois Tool Works Stock Down 0.5%

ITW stock opened at $273.00 on Tuesday. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The business has a 50-day simple moving average of $258.09 and a 200 day simple moving average of $264.69. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. The company has a market cap of $78.54 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 4.69 and a beta of 1.00.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) 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%.The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Sell-side analysts anticipate that Illinois Tool Works Inc. will post 11.37 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

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 given a $1.61 dividend. 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 payout ratio is 59.80%.

Wall Street Analysts Forecast Growth

ITW has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research note on Monday, May 4th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $254.00 target price on shares of Illinois Tool Works in a research report on Thursday, April 30th. Evercore reduced their price target on Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Weiss Ratings downgraded Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Citigroup raised 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 report on Monday, May 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’s stock. According to MarketBeat.com, Illinois Tool Works presently has an average rating of “Reduce” and a consensus target price of $273.54.

Insider Buying and Selling at Illinois Tool Works

In other news, Director Jennifer F. Scanlon bought 806 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average price of $247.99 per share, with a total value of $199,879.94. Following the transaction, the director owned 1,652 shares of the company’s stock, valued at $409,679.48. This trade represents a 95.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.83% of the company’s stock.

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.