Financial Planning Hawaii Inc. Acquires New Position in Illinois Tool Works Inc. $ITW

Financial Planning Hawaii Inc. acquired a new position in shares of Illinois Tool Works Inc. (NYSE:ITW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,839 shares of the industrial products company’s stock, valued at approximately $1,438,000.

Other hedge funds also recently added to or reduced their stakes in the company. J. Safra Sarasin Holding AG grew its holdings in shares of Illinois Tool Works by 2.2% in the 4th quarter. J. Safra Sarasin Holding AG now owns 242,652 shares of the industrial products company’s stock worth $59,765,000 after acquiring an additional 5,277 shares during the period. Mn Services Vermogensbeheer B.V. raised its holdings in Illinois Tool Works by 2.8% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 108,350 shares of the industrial products company’s stock worth $26,687,000 after purchasing an additional 2,921 shares during the last quarter. Mitchell & Pahl Private Wealth LLC boosted its position in Illinois Tool Works by 3.5% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 8,765 shares of the industrial products company’s stock worth $2,159,000 after purchasing an additional 293 shares in the last quarter. Woodstock Corp grew its holdings in Illinois Tool Works by 0.8% in the fourth quarter. Woodstock Corp now owns 45,903 shares of the industrial products company’s stock valued at $11,306,000 after purchasing an additional 381 shares during the last quarter. Finally, Baron Wealth Management LLC increased its position in shares of Illinois Tool Works by 10.9% in the fourth quarter. Baron Wealth Management LLC now owns 969 shares of the industrial products company’s stock valued at $239,000 after buying an additional 95 shares in the last quarter. 79.77% of the stock is owned by hedge funds and other institutional investors.

Illinois Tool Works Trading Down 1.1%

Illinois Tool Works stock opened at $256.11 on Tuesday. The stock has a 50-day moving average price of $276.54 and a 200 day moving average price of $260.47. Illinois Tool Works Inc. has a 52 week low of $214.66 and a 52 week high of $303.15. The stock has a market cap of $73.81 billion, a PE ratio of 24.41, a P/E/G ratio of 13.84 and a beta of 1.12. 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 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. The company had revenue of $4.09 billion for 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%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Equities research analysts predict that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The company also recently announced 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. This represents a $6.44 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, March 31st. Illinois Tool Works’s payout ratio is presently 61.39%.

Analysts Set New Price Targets

Several equities research analysts recently commented on ITW shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. JPMorgan Chase & Co. raised their target price 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. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $253.00 price target on shares of Illinois Tool Works in a report on Tuesday, February 3rd. Truist Financial increased their price target on shares of Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research report on Wednesday, February 4th. Finally, Wolfe Research raised their price objective on shares of Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a research note on Friday, February 27th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Illinois Tool Works currently has an average rating of “Reduce” and an average target price of $275.69.

Insider Buying and Selling at Illinois Tool Works

In other news, 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 completion of the sale, the director owned 258,766 shares of the company’s stock, valued at $75,282,792.38. The trade was a 39.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president owned 5,789 shares of the company’s stock, valued at $1,680,083.58. The trade was a 42.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.88% of the company’s stock.

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.