Hudson Portfolio Management LLC Takes Position in Illinois Tool Works Inc. $ITW

Hudson Portfolio Management LLC acquired a new position in Illinois Tool Works Inc. (NYSE:ITW) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,164 shares of the industrial products company’s stock, valued at approximately $585,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Compass Financial Management LLC purchased a new stake in shares of Illinois Tool Works in the 2nd quarter valued at $697,000. Elevation Point Wealth Partners LLC purchased a new position in Illinois Tool Works during the 2nd quarter valued at about $1,063,000. Alta Advisers Ltd acquired a new position in Illinois Tool Works in the 2nd quarter valued at about $276,000. Daiichi Life Insurance Co. Ltd. purchased a new stake in Illinois Tool Works during the second quarter worth about $4,130,000. Finally, Commerce Bank purchased a new stake in Illinois Tool Works during the second quarter worth about $34,868,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

Shares of Illinois Tool Works stock opened at $282.23 on Friday. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. The company has a market cap of $80.38 billion, a PE ratio of 25.59, a P/E/G ratio of 4.77 and a beta of 0.99. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.81 and a current ratio of 1.11. The business has a 50-day simple moving average of $278.00 and a 200-day simple moving average of $271.50.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.04. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.19 billion. During the same quarter last year, the company earned $2.58 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, equities research analysts forecast that Illinois Tool Works Inc. will post 11.45 EPS for the current fiscal year.

Illinois Tool Works Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be issued a $1.72 dividend. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, September 30th. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s dividend payout ratio (DPR) is 58.39%.

Insider Transactions at Illinois Tool Works

In other news, Director Jennifer F. Scanlon acquired 806 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average cost of $247.99 per share, with a total value of $199,879.94. Following the transaction, the director 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ernest Scott Santi sold 41,431 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total transaction of $11,894,425.79. Following the transaction, the director owned 266,288 shares of the company’s stock, valued at approximately $76,448,621.92. The trade was a 13.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

ITW has been the subject of several recent research reports. Robert W. Baird raised their price objective on shares of Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. UBS Group reaffirmed a “neutral” rating and set a $300.00 target price on shares of Illinois Tool Works in a research note on Wednesday, July 29th. Citigroup reiterated a “neutral” rating on shares of Illinois Tool Works in a report on Monday, July 13th. Weiss Ratings upgraded shares of Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $254.00 price objective on shares of Illinois Tool Works in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $281.25.

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.