Crossmark Global Holdings Inc. Purchases 3,412 Shares of Illinois Tool Works Inc. $ITW

Crossmark Global Holdings Inc. increased its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 19.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,638 shares of the industrial products company’s stock after purchasing an additional 3,412 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Illinois Tool Works were worth $5,083,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cresta Advisors Ltd. purchased a new position in shares of Illinois Tool Works in the 4th quarter worth approximately $25,000. Lodestone Wealth Management LLC purchased a new stake in shares of Illinois Tool Works during the fourth quarter valued at approximately $28,000. Beacon Financial Strategies CORP bought a new stake in Illinois Tool Works during the fourth quarter worth $29,000. Ares Financial Consulting LLC bought a new stake in Illinois Tool Works during the fourth quarter worth $31,000. Finally, MTM Investment Management LLC boosted its position in Illinois Tool Works by 70.5% in the third quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

Shares of ITW stock opened at $254.54 on Monday. The stock has a market capitalization of $73.23 billion, a P/E ratio of 23.63, a PEG ratio of 4.38 and a beta of 1.04. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04. The firm’s 50 day moving average is $268.73 and its 200 day moving average is $262.06. Illinois Tool Works Inc. has a 12 month low of $238.82 and a 12 month high of $303.15.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.01 billion. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. Illinois Tool Works’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, sell-side analysts anticipate that Illinois Tool Works Inc. will post 11.36 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, June 30th. Illinois Tool Works’s payout ratio is presently 59.80%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ITW shares. Barclays decreased their target price on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. Citigroup boosted their price target on shares of Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Robert W. Baird set a $278.00 price objective on shares of Illinois Tool Works in a report on Wednesday, February 4th. Wells Fargo & Company lifted their price objective on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research report on Monday, May 4th. Finally, UBS Group reiterated a “neutral” rating and issued a $285.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $270.46.

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.