Illinois Tool Works Inc. $ITW Shares Purchased by Mattson Financial Services LLC

Mattson Financial Services LLC raised its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 259.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,147 shares of the industrial products company’s stock after buying an additional 3,716 shares during the quarter. Mattson Financial Services LLC’s holdings in Illinois Tool Works were worth $1,268,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cresta Advisors Ltd. bought a new position in shares of Illinois Tool Works during the fourth quarter valued at approximately $25,000. Lodestone Wealth Management LLC bought a new position in shares of Illinois Tool Works during the fourth quarter valued at approximately $28,000. Beacon Financial Strategies CORP bought a new position in shares of Illinois Tool Works during the fourth quarter valued at approximately $29,000. Ares Financial Consulting LLC bought a new position in shares of Illinois Tool Works during the fourth quarter valued at approximately $31,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Illinois Tool Works by 215.0% during the fourth quarter. Meeder Asset Management Inc. now owns 126 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 86 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ITW shares. Wells Fargo & Company upped their target price on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a report on Monday, May 4th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $254.00 target price on shares of Illinois Tool Works in a report on Thursday, April 30th. Barclays lowered their target price on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. JPMorgan Chase & Co. lowered their target price on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Finally, Weiss Ratings downgraded Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Illinois Tool Works presently has a consensus rating of “Reduce” and a consensus price target of $271.92.

Illinois Tool Works Stock Performance

ITW opened at $254.58 on Friday. The company has a market capitalization of $73.24 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 4.30 and a beta of 1.01. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86. Illinois Tool Works Inc. has a 1-year low of $238.82 and a 1-year high of $303.15. The business has a 50 day moving average price of $258.24 and a two-hundred day moving average price of $262.91.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.09. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.38 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Research analysts predict that Illinois Tool Works Inc. will post 11.37 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Jennifer F. Scanlon bought 806 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the transaction, the director directly owned 1,652 shares of the company’s stock, valued at approximately $409,679.48. This trade represents a 95.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is owned by company 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.