Haverford Trust Co Has $43.93 Million Stock Holdings in Illinois Tool Works Inc. $ITW

Key Points

• Haverford Trust Co increased its stake in Illinois Tool Works Inc. (ITW) by 3.9%, owning 177,124 shares valued at approximately $43.93 million as of the latest SEC filing.
• Numerous institutional investors have significantly modified their positions in ITW, with GAMMA Investing LLC raising its stake by an astonishing 26,372.8%, and Auto Owners Insurance Co increasing by 55,978.4% in the first quarter.
• Illinois Tool Works recently announced a quarterly dividend of $1.61 per share, up from the previous $1.50, indicating a strong commitment to returning capital to shareholders.

Haverford Trust Co grew its holdings in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 177,124 shares of the industrial products company's stock after buying an additional 6,652 shares during the quarter. Haverford Trust Co owned approximately 0.06% of Illinois Tool Works worth $43,929,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ITW. GAMMA Investing LLC increased its stake in shares of Illinois Tool Works by 26,372.8% in the first quarter. GAMMA Investing LLC now owns 2,065,675 shares of the industrial products company's stock valued at $5,123,080,000 after buying an additional 2,057,872 shares in the last quarter. Auto Owners Insurance Co increased its stake in shares of Illinois Tool Works by 55,978.4% in the first quarter. Auto Owners Insurance Co now owns 1,430,000 shares of the industrial products company's stock valued at $354,654,000 after buying an additional 1,427,450 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Illinois Tool Works in the first quarter valued at $293,928,000. Northern Trust Corp lifted its position in Illinois Tool Works by 3.9% during the 4th quarter. Northern Trust Corp now owns 13,667,653 shares of the industrial products company's stock valued at $3,465,570,000 after purchasing an additional 508,188 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Illinois Tool Works by 11.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,059,119 shares of the industrial products company's stock valued at $522,110,000 after purchasing an additional 209,671 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Illinois Tool Works

In other Illinois Tool Works news, Director David Byron Smith, Jr. acquired 872 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were acquired at an average price of $241.16 per share, for a total transaction of $210,291.52. Following the acquisition, the director directly owned 122,884 shares of the company's stock, valued at approximately $29,634,705.44. This trade represents a 0.71% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.88% of the stock is owned by company insiders.

Illinois Tool Works Price Performance

Shares of ITW opened at $269.2230 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.15 and a debt-to-equity ratio of 2.40. 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 cap of $78.48 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 5.63 and a beta of 1.09. The stock's 50-day moving average price is $255.55 and its two-hundred day moving average price is $250.35.

Illinois Tool Works (NYSE:ITW - Get Free Report) last issued its earnings results on Wednesday, July 30th. The industrial products company reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.02. Illinois Tool Works had a return on equity of 90.89% and a net margin of 21.31%.The firm had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $4.01 billion. During the same quarter last year, the business earned $2.54 earnings per share. The company's revenue was up .6% compared to the same quarter last year. Illinois Tool Works has set its FY 2025 guidance at 10.350-10.550 EPS. On average, equities analysts predict that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $1.61 per share. This is a boost from Illinois Tool Works's previous quarterly dividend of $1.50. The ex-dividend date is Tuesday, September 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.4%. Illinois Tool Works's dividend payout ratio (DPR) is presently 56.44%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup upped their target price on shares of Illinois Tool Works from $254.00 to $265.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Wells Fargo & Company increased their price target on Illinois Tool Works from $235.00 to $250.00 and gave the company an "underweight" rating in a research note on Thursday, July 31st. Bank of America downgraded Illinois Tool Works from a "neutral" rating to an "underperform" rating and set a $220.00 price target on the stock. in a research note on Wednesday, May 7th. Robert W. Baird increased their price target on Illinois Tool Works from $239.00 to $244.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Finally, Barclays raised their target price on Illinois Tool Works from $240.00 to $243.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Illinois Tool Works presently has a consensus rating of "Reduce" and a consensus price target of $260.67.

Illinois Tool Works Company 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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