Callan Family Office LLC Takes Position in Illinois Tool Works Inc. $ITW

Callan Family Office LLC bought a new position in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,790 shares of the industrial products company's stock, valued at approximately $1,296,000.

Several other hedge funds also recently modified their holdings of ITW. Vanguard Group Inc. boosted its holdings in Illinois Tool Works by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 26,887,218 shares of the industrial products company's stock valued at $6,622,322,000 after purchasing an additional 189,229 shares during the period. BlackRock Inc. bought a new position in shares of Illinois Tool Works during the 2nd quarter worth approximately $6,296,349,000. State Street Corp boosted its stake in shares of Illinois Tool Works by 1.2% in the 4th quarter. State Street Corp now owns 12,596,511 shares of the industrial products company's stock valued at $3,122,535,000 after purchasing an additional 151,864 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Illinois Tool Works by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 6,944,651 shares of the industrial products company's stock worth $1,709,734,000 after buying an additional 184,301 shares in the last quarter. Finally, Capital Research Global Investors raised its position in Illinois Tool Works by 3.2% in the 4th quarter. Capital Research Global Investors now owns 4,636,392 shares of the industrial products company's stock valued at $1,141,948,000 after purchasing an additional 142,837 shares during the last quarter. 79.77% of the stock is owned by institutional investors.

Illinois Tool Works Stock Down 0.0%

NYSE:ITW opened at $282.23 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15. The stock's fifty day simple moving average is $278.00 and its 200-day simple moving average is $271.55. The firm has a market capitalization of $80.38 billion, a P/E ratio of 25.59, a P/E/G ratio of 4.77 and a beta of 0.99.

Illinois Tool Works (NYSE:ITW - Get Free Report) last issued its earnings results 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 firm had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.19 billion. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.The company's revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.58 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. Equities research analysts expect that Illinois Tool Works Inc. will post 11.45 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be issued a dividend of $1.72 per share. This is an increase from Illinois Tool Works's previous quarterly dividend of $1.61. This represents a $6.88 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, September 30th. Illinois Tool Works's dividend payout ratio is presently 58.39%.

Insider Buying and Selling at Illinois Tool Works

In other news, CAO Matteo C. Pigozzo sold 277 shares of the business's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $289.22, for a total value of $80,113.94. Following the completion of the transaction, the chief accounting officer owned 3,394 shares of the company's stock, valued at $981,612.68. The trade was a 7.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ernest Scott Santi sold 41,431 shares of the company's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $287.09, for a total transaction of $11,894,425.79. Following the completion of the sale, the director owned 266,288 shares of the company's stock, valued at approximately $76,448,621.92. This represents a 13.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.83% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on ITW. Robert W. Baird increased their price objective on shares of Illinois Tool Works from $278.00 to $297.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Wolfe Research reiterated an "underperform" rating and set a $286.00 target price on shares of Illinois Tool Works in a research report on Thursday, July 9th. Wells Fargo & Company increased their price target on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an "underweight" rating in a research note on Monday, May 4th. JPMorgan Chase & Co. raised their price target on shares of Illinois Tool Works from $310.00 to $350.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Finally, Weiss Ratings raised Illinois Tool Works from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price 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.

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