Fiducient Advisors LLC Sells 12,884 Shares of Illinois Tool Works Inc. $ITW

Fiducient Advisors LLC decreased its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 34.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,287 shares of the industrial products company’s stock after selling 12,884 shares during the period. Illinois Tool Works accounts for 0.7% of Fiducient Advisors LLC’s holdings, making the stock its 28th biggest position. Fiducient Advisors LLC’s holdings in Illinois Tool Works were worth $6,372,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new stake in shares of Illinois Tool Works in the 2nd quarter worth $25,000. Corsicana & Co. acquired a new stake in Illinois Tool Works in the third quarter worth about $26,000. SOA Wealth Advisors LLC. grew its stake in shares of Illinois Tool Works by 90.9% during the second quarter. SOA Wealth Advisors LLC. now owns 105 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 50 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Illinois Tool Works during the second quarter valued at about $31,000. Finally, Vermillion & White Wealth Management Group LLC raised its position in shares of Illinois Tool Works by 103.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 63 shares during the last quarter. 79.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on ITW shares. Barclays boosted their target price on shares of Illinois Tool Works from $243.00 to $244.00 and gave the stock an “underweight” rating in a research report on Monday, October 27th. Wolfe Research upped their target price on Illinois Tool Works from $264.00 to $278.00 and gave the company an “underperform” rating in a research report on Thursday, January 15th. Bank of America raised Illinois Tool Works from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $220.00 to $255.00 in a research report on Tuesday, November 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a report on Friday, October 31st. Finally, Wells Fargo & Company lifted their target price on Illinois Tool Works from $245.00 to $250.00 and gave the stock an “underweight” rating in a report on Wednesday, January 7th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Illinois Tool Works presently has a consensus rating of “Reduce” and an average price target of $261.08.

Illinois Tool Works Trading Up 2.2%

Shares of NYSE:ITW opened at $260.03 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.11 and a debt-to-equity ratio of 2.39. Illinois Tool Works Inc. has a 12-month low of $214.66 and a 12-month high of $278.13. The business has a 50 day moving average of $251.01 and a two-hundred day moving average of $254.86. The company has a market capitalization of $75.43 billion, a PE ratio of 25.22, a PEG ratio of 13.68 and a beta of 1.15.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Friday, October 24th. The industrial products company reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.09. Illinois Tool Works had a net margin of 19.05% and a return on equity of 93.26%. The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the firm earned $3.91 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Illinois Tool Works has set its FY 2025 guidance at 10.400-10.500 EPS. As a group, analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 31st were given a dividend of $1.61 per share. The ex-dividend date was Wednesday, December 31st. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.5%. Illinois Tool Works’s dividend payout ratio (DPR) is 62.46%.

Insiders Place Their Bets

In other Illinois Tool Works news, Director Pamela B. Strobel sold 1,521 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $245.25, for a total value of $373,025.25. Following the sale, the director directly owned 39,249 shares of the company’s stock, valued at approximately $9,625,817.25. This trade represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.88% of the company’s stock.

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.