Dakota Wealth Management Has $2.10 Million Stake in Illinois Tool Works Inc. $ITW

Dakota Wealth Management boosted its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 181.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,511 shares of the industrial products company’s stock after acquiring an additional 5,482 shares during the period. Dakota Wealth Management’s holdings in Illinois Tool Works were worth $2,096,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings in Illinois Tool Works by 5.3% in the 4th quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock valued at $1,399,000 after acquiring an additional 277 shares during the period. Bison Wealth LLC lifted its holdings in Illinois Tool Works by 2.3% during the 4th quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock worth $901,000 after purchasing an additional 81 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Illinois Tool Works by 20.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company’s stock valued at $257,000 after purchasing an additional 177 shares during the period. American Century Companies Inc. grew its holdings in Illinois Tool Works by 5.5% in the 2nd quarter. American Century Companies Inc. now owns 63,752 shares of the industrial products company’s stock valued at $15,763,000 after buying an additional 3,311 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its position in Illinois Tool Works by 3.6% during the 2nd quarter. CreativeOne Wealth LLC now owns 2,036 shares of the industrial products company’s stock worth $503,000 after buying an additional 71 shares during the period. 79.77% of the stock is owned by institutional investors.

Illinois Tool Works Trading Down 1.1%

Shares of ITW stock opened at $258.48 on Friday. Illinois Tool Works Inc. has a fifty-two week low of $214.66 and a fifty-two week high of $303.15. The stock’s fifty day moving average price is $276.69 and its two-hundred day moving average price is $260.56. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.89 and a current ratio of 1.21. The company has a market cap of $74.49 billion, a PE ratio of 24.64, a P/E/G ratio of 13.84 and a beta of 1.13.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.03. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same period last year, the firm posted $2.54 earnings per share. Illinois Tool Works’s revenue was up 4.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Equities analysts predict that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 31st will be given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is currently 61.39%.

Insider Activity at Illinois Tool Works

In other Illinois Tool Works news, EVP Axel Beck sold 4,223 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $290.22, for a total value of $1,225,599.06. Following the sale, the executive vice president owned 5,789 shares in the company, valued at $1,680,083.58. This trade represents a 42.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ernest Scott Santi sold 167,345 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the transaction, the director owned 258,766 shares of the company’s stock, valued at $75,282,792.38. This trade represents a 39.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ITW. UBS Group reissued a “neutral” rating and set a $285.00 target price on shares of Illinois Tool Works in a report on Wednesday, February 4th. Truist Financial raised their price target on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. boosted their price objective on shares of Illinois Tool Works from $310.00 to $327.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Wolfe Research increased their target price on shares of Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a research report on Friday, February 27th. Finally, Citigroup raised their target price on shares of Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Illinois Tool Works presently has a consensus rating of “Reduce” and a consensus price target of $275.69.

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.