7,847 Shares in Illinois Tool Works Inc. $ITW Acquired by Caxton Associates LLP

Key Points

• Caxton Associates LLP acquired 7,847 shares of Illinois Tool Works Inc., valued at approximately $1,946,000, during the first quarter.
• Illinois Tool Works recently announced a quarterly dividend increase to $1.61 per share, with the annualized dividend now at $6.44 and a yield of 2.4%.
• Illinois Tool Works reported earnings of $2.58 per share for the last quarter, surpassing analysts' estimates, and has set its FY 2025 EPS guidance at 10.350-10.550.

Caxton Associates LLP purchased a new position in Illinois Tool Works Inc. (NYSE:ITW - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,847 shares of the industrial products company's stock, valued at approximately $1,946,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Trust Co of the South increased its holdings in Illinois Tool Works by 2.9% in the 1st quarter. Trust Co of the South now owns 1,478 shares of the industrial products company's stock worth $367,000 after buying an additional 42 shares during the period. Clearstead Trust LLC boosted its position in Illinois Tool Works by 0.9% in the 1st quarter. Clearstead Trust LLC now owns 4,758 shares of the industrial products company's stock worth $1,180,000 after purchasing an additional 43 shares in the last quarter. Northern Financial Advisors Inc boosted its position in Illinois Tool Works by 1.9% in the 1st quarter. Northern Financial Advisors Inc now owns 2,348 shares of the industrial products company's stock worth $582,000 after purchasing an additional 44 shares in the last quarter. Integrated Advisors Network LLC boosted its position in Illinois Tool Works by 0.8% in the 4th quarter. Integrated Advisors Network LLC now owns 5,930 shares of the industrial products company's stock worth $1,504,000 after purchasing an additional 45 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its position in Illinois Tool Works by 3.3% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,431 shares of the industrial products company's stock worth $355,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company's stock.

Illinois Tool Works Price Performance

Illinois Tool Works stock opened at $266.57 on Tuesday. The company's fifty day moving average price is $260.16 and its 200 day moving average price is $250.69. Illinois Tool Works Inc. has a 1 year low of $214.66 and a 1 year high of $279.13. The stock has a market capitalization of $77.70 billion, a P/E ratio of 23.36, a P/E/G ratio of 5.74 and a beta of 1.10. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.15 and a current ratio of 1.59.

Illinois Tool Works (NYSE:ITW - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.56 by $0.02. The firm had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $4.01 billion. Illinois Tool Works had a net margin of 21.31% and a return on equity of 90.89%. The firm's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $2.54 EPS. Illinois Tool Works has set its FY 2025 guidance at 10.350-10.550 EPS. As a group, equities research analysts anticipate that Illinois Tool Works Inc. will post 10.39 earnings per share 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 10th. Shareholders of record on Tuesday, September 30th will be issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, September 30th. This is an increase from Illinois Tool Works's previous quarterly dividend of $1.50. Illinois Tool Works's payout ratio is 52.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ITW shares. Wells Fargo & Company upped their price objective on Illinois Tool Works from $235.00 to $250.00 and gave the stock an "underweight" rating in a research report on Thursday, July 31st. Stifel Nicolaus upped their price objective on Illinois Tool Works from $255.00 to $261.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. UBS Group upped their price objective on Illinois Tool Works from $243.00 to $255.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Evercore ISI set a $265.00 price objective on Illinois Tool Works and gave the stock an "underperform" rating in a research report on Tuesday, August 19th. Finally, Truist Financial lowered Illinois Tool Works from a "buy" rating to a "hold" rating and set a $283.00 price objective on the stock. in a research report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Illinois Tool Works currently has a consensus rating of "Reduce" and an average target price of $260.67.

Illinois Tool Works Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.

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