BXM Wealth LLC Has $5.37 Million Position in Illinois Tool Works Inc. $ITW

BXM Wealth LLC raised its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 632.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,794 shares of the industrial products company’s stock after purchasing an additional 18,818 shares during the period. BXM Wealth LLC’s holdings in Illinois Tool Works were worth $5,368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Corsicana & Co. acquired a new position in Illinois Tool Works during the 3rd quarter worth $26,000. Lodestone Wealth Management LLC acquired a new stake in shares of Illinois Tool Works in the fourth quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Illinois Tool Works in the second quarter worth about $31,000. Beacon Financial Strategies CORP acquired a new position in shares of Illinois Tool Works during the 4th quarter worth about $29,000. Finally, True Wealth Design LLC lifted its position in shares of 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 worth $36,000 after purchasing an additional 106 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Illinois Tool Works Stock Up 0.1%

Shares of ITW stock opened at $258.38 on Monday. Illinois Tool Works Inc. has a one year low of $214.66 and a one year high of $303.15. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. The stock has a fifty day moving average price of $276.65 and a 200 day moving average price of $260.38. The stock has a market cap of $74.43 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 13.82 and a beta of 1.13.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data 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. The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.07 billion. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Analysts predict that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $1.61 per share. The ex-dividend date 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 currently 61.39%.

Insider Buying and Selling

In other Illinois Tool Works news, EVP Axel Beck sold 4,223 shares of the company’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 sale, the executive vice president directly owned 5,789 shares in the company, valued at $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the 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 transaction, the director owned 258,766 shares of the company’s stock, valued at $75,282,792.38. This 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 Analyst Weigh In

Several research analysts have commented on the company. UBS Group reaffirmed a “neutral” rating and issued a $285.00 price target on shares of Illinois Tool Works in a research report on Wednesday, February 4th. JPMorgan Chase & Co. raised their price objective on shares of Illinois Tool Works from $310.00 to $327.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Barclays dropped their target price on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. Finally, Wolfe Research boosted their price objective on shares of Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a report on Friday, February 27th. Two research 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. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $271.85.

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.