Chapman Financial Group LLC Buys Shares of 3,466 Illinois Tool Works Inc. $ITW

Chapman Financial Group LLC acquired a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,466 shares of the industrial products company’s stock, valued at approximately $904,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Corsicana & Co. bought a new position in Illinois Tool Works in the 3rd quarter worth $26,000. Vermillion & White Wealth Management Group LLC grew its holdings in Illinois Tool Works by 103.3% during the second 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 period. Twin Peaks Wealth Advisors LLC purchased a new stake in Illinois Tool Works in the second quarter worth about $31,000. True Wealth Design LLC raised its stake in shares of Illinois Tool Works by 341.9% in the third quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock worth $36,000 after buying an additional 106 shares during the period. Finally, MTM Investment Management LLC lifted its position in shares of Illinois Tool Works by 70.5% during the 3rd quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock valued at $42,000 after buying an additional 67 shares in the last quarter. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ITW. Wells Fargo & Company boosted their price objective on Illinois Tool Works from $250.00 to $270.00 and gave the company an “underweight” rating in a research note on Wednesday, February 4th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $253.00 price target on shares of Illinois Tool Works in a report on Tuesday, February 3rd. Robert W. Baird set a $278.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Bank of America upgraded shares of Illinois Tool Works from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $220.00 to $255.00 in a research report on Tuesday, November 18th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $285.00 target price on shares of Illinois Tool Works in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $274.38.

Illinois Tool Works Price Performance

NYSE:ITW opened at $276.95 on Friday. The business’s 50-day moving average is $273.02 and its 200 day moving average is $260.50. Illinois Tool Works Inc. has a 12 month low of $214.66 and a 12 month high of $303.15. The company has a market capitalization of $79.82 billion, a P/E ratio of 26.40, a P/E/G ratio of 15.12 and a beta of 1.13. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07.

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

Illinois Tool Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be issued a $1.61 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.3%. Illinois Tool Works’s payout ratio is 61.39%.

Insider Activity

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

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.