Keel Point LLC Cuts Stock Position in Illinois Tool Works Inc. $ITW

Keel Point LLC trimmed its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 18.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,924 shares of the industrial products company’s stock after selling 3,062 shares during the quarter. Keel Point LLC’s holdings in Illinois Tool Works were worth $3,624,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ITW. Cresta Advisors Ltd. purchased a new stake in Illinois Tool Works in the 4th quarter worth $25,000. Motiv8 Investments LLC purchased a new position in Illinois Tool Works during the fourth quarter valued at $27,000. Kemnay Advisory Services Inc. purchased a new position in Illinois Tool Works during the fourth quarter valued at $27,000. Ares Financial Consulting LLC acquired a new stake in shares of Illinois Tool Works in the fourth quarter valued at about $31,000. Finally, Wilkerson Advisory Group LLC increased its stake in shares of Illinois Tool Works by 77.6% during the first quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

NYSE:ITW opened at $287.51 on Friday. The company has a market cap of $82.72 billion, a P/E ratio of 26.07, a P/E/G ratio of 4.89 and a beta of 1.00. Illinois Tool Works Inc. has a twelve month low of $238.82 and a twelve month high of $303.15. The company’s 50-day moving average price is $266.31 and its 200-day moving average price is $268.26. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 2.26.

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

Illinois Tool Works Dividend Announcement

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

Analyst Upgrades and Downgrades

ITW has been the subject of several research analyst reports. Truist Financial upped their price target on shares of Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Robert W. Baird boosted their price objective on Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Wednesday. UBS Group restated a “neutral” rating and issued a $300.00 target price on shares of Illinois Tool Works in a research report on Wednesday. Finally, Citigroup reaffirmed a “neutral” rating on shares of Illinois Tool Works in a research note on Monday, July 13th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $281.25.

Insider Activity

In related news, Director Jennifer F. Scanlon purchased 806 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average price of $247.99 per share, with a total value of $199,879.94. Following the completion of the acquisition, the director owned 1,652 shares in the company, valued at $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.83% of the stock is owned by company insiders.

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.