Kiley Juergens Wealth Management LLC Makes New Investment in Illinois Tool Works Inc. $ITW

Kiley Juergens Wealth Management LLC bought a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,279 shares of the industrial products company’s stock, valued at approximately $593,000.

Several other hedge funds have also modified their holdings of the stock. Siemens Fonds Invest GmbH raised its stake in Illinois Tool Works by 70.1% in the third quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company’s stock valued at $4,753,000 after buying an additional 7,508 shares in the last quarter. Hudson Bay Capital Management LP increased its holdings in shares of Illinois Tool Works by 123.4% in the 3rd quarter. Hudson Bay Capital Management LP now owns 23,063 shares of the industrial products company’s stock valued at $6,014,000 after acquiring an additional 12,741 shares during the last quarter. Gradient Investments LLC lifted its stake in Illinois Tool Works by 691.3% during the fourth quarter. Gradient Investments LLC now owns 62,677 shares of the industrial products company’s stock worth $15,437,000 after purchasing an additional 54,756 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in Illinois Tool Works in the fourth quarter valued at approximately $2,498,000. Finally, Orser Capital Management LLC purchased a new position in Illinois Tool Works in the fourth quarter valued at approximately $979,000. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jennifer F. Scanlon acquired 806 shares of Illinois Tool Works stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average price 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 in the company, valued at approximately $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ITW shares. The Goldman Sachs Group restated a “sell” rating and set a $254.00 price objective on shares of Illinois Tool Works in a research report on Thursday, April 30th. JPMorgan Chase & Co. cut their price target on shares of Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Evercore reduced their price target on shares of Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Citigroup raised their price objective on Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Weiss Ratings cut Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. One investment 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. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $273.54.

Illinois Tool Works Stock Performance

Shares of NYSE:ITW traded down $2.87 during trading on Tuesday, reaching $271.40. The company had a trading volume of 233,825 shares, compared to its average volume of 1,417,346. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86. The stock’s fifty day moving average price is $258.09 and its 200 day moving average price is $264.69. The firm has a market capitalization of $78.08 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 4.69 and a beta of 1.00.

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

Illinois Tool Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a $1.61 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.4%. Illinois Tool Works’s payout ratio is presently 59.80%.

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.