First National Bank of Mount Dora Trust Investment Services Sells 1,853 Shares of Illinois Tool Works Inc. $ITW

First National Bank of Mount Dora Trust Investment Services lessened its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 30.6% during the first quarter, Holdings Channel reports. The institutional investor owned 4,205 shares of the industrial products company’s stock after selling 1,853 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in Illinois Tool Works were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cresta Advisors Ltd. bought a new position in Illinois Tool Works during the fourth quarter worth about $25,000. Motiv8 Investments LLC bought a new stake in shares of Illinois Tool Works in the fourth quarter valued at approximately $27,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Illinois Tool Works during the 4th quarter valued at approximately $27,000. Ares Financial Consulting LLC bought a new position in Illinois Tool Works in the 4th quarter worth approximately $31,000. Finally, Wilkerson Advisory Group LLC grew its stake in Illinois Tool Works by 77.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock valued at $31,000 after buying an additional 52 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on ITW. JPMorgan Chase & Co. increased their target price on Illinois Tool Works from $310.00 to $350.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Evercore decreased their price objective on Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Robert W. Baird raised their target price on Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Weiss Ratings cut Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company raised their price objective on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Illinois Tool Works has a consensus rating of “Reduce” and an average target price of $281.25.

Illinois Tool Works Price Performance

ITW stock opened at $287.51 on Monday. The firm has a 50 day simple moving average of $266.31 and a two-hundred day simple moving average of $268.35. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.11 and a quick ratio of 0.81. The stock has a market cap of $82.72 billion, a PE ratio of 26.07, a P/E/G ratio of 4.84 and a beta of 0.99. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.04. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, analysts predict that Illinois Tool Works Inc. will post 11.46 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were given a dividend of $1.61 per share. The ex-dividend date was Tuesday, June 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.2%. Illinois Tool Works’s dividend payout ratio is 58.39%.

Insider Buying and Selling at Illinois Tool Works

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

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.