Beacon Investment Advisory Services Inc. Has $6.61 Million Stake in Illinois Tool Works Inc. $ITW

Beacon Investment Advisory Services Inc. reduced its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 79.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,850 shares of the industrial products company’s stock after selling 101,453 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Illinois Tool Works were worth $6,613,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Corsicana & Co. bought a new position in Illinois Tool Works during the 3rd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Illinois Tool Works in the 2nd quarter worth approximately $31,000. Beacon Financial Strategies CORP acquired a new position in shares of Illinois Tool Works in the 4th quarter worth approximately $29,000. True Wealth Design LLC increased its holdings in Illinois Tool Works by 341.9% during the 3rd quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 106 shares in the last quarter. Finally, MTM Investment Management LLC raised its position in Illinois Tool Works by 70.5% in the 3rd quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Price Performance

Shares of ITW stock opened at $258.48 on Monday. The firm has a market cap of $74.49 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 13.84 and a beta of 1.12. Illinois Tool Works Inc. has a 12 month low of $214.66 and a 12 month high of $303.15. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 2.07. The stock has a 50-day moving average price of $276.69 and a 200 day moving average price of $260.55.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.03. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.07 billion. During the same period in the prior year, the company posted $2.54 EPS. The company’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. Research analysts expect that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st will be paid a $1.61 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.44 dividend on an annualized basis and a yield of 2.5%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 61.39%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

ITW has been the subject of a number of research reports. The Goldman Sachs Group restated a “sell” rating and issued a $253.00 target price on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Truist Financial increased their price objective on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. Wells Fargo & Company raised their price objective on shares of Illinois Tool Works from $250.00 to $270.00 and gave the company an “underweight” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. upped their target price on shares of Illinois Tool Works from $310.00 to $327.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Finally, UBS Group reissued a “neutral” rating and issued a $285.00 price target on shares of Illinois Tool Works in a report on Wednesday, February 4th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $275.69.

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.