MBB Public Markets I LLC Makes New Investment in Illinois Tool Works Inc. $ITW

Key Points

• MBB Public Markets I LLC has acquired 1,260 shares of Illinois Tool Works Inc., valued at approximately $312,000, according to the firm's 13F filing.
• Illinois Tool Works recently increased its quarterly dividend from $1.50 to $1.61 per share, representing a 2.5% yield.
• Analyst ratings for Illinois Tool Works indicate mixed sentiments, with one Buy, eight Holds, and three Sells, alongside a current average target price of $260.67.

MBB Public Markets I LLC bought a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,260 shares of the industrial products company's stock, valued at approximately $312,000.

Other institutional investors also recently bought and sold shares of the company. Ameriflex Group Inc. bought a new position in Illinois Tool Works during the fourth quarter valued at about $26,000. von Borstel & Associates Inc. bought a new position in Illinois Tool Works during the first quarter valued at about $26,000. Saudi Central Bank bought a new position in Illinois Tool Works during the first quarter valued at about $29,000. 1248 Management LLC bought a new position in Illinois Tool Works during the first quarter valued at about $30,000. Finally, Banque Transatlantique SA bought a new position in Illinois Tool Works during the first quarter valued at about $30,000. 79.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ITW. Evercore ISI set a $265.00 target price on Illinois Tool Works and gave the company an "underperform" rating in a report on Tuesday, August 19th. UBS Group raised their target price on Illinois Tool Works from $243.00 to $255.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Barclays raised their price target on Illinois Tool Works from $240.00 to $243.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Wells Fargo & Company raised their price target on Illinois Tool Works from $235.00 to $250.00 and gave the company an "underweight" rating in a research report on Thursday, July 31st. Finally, Stifel Nicolaus raised their price target on Illinois Tool Works from $255.00 to $261.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Illinois Tool Works has a consensus rating of "Reduce" and an average target price of $260.67.

Illinois Tool Works Stock Performance

ITW stock traded down $2.96 during trading on Friday, reaching $263.41. 668,436 shares of the stock were exchanged, compared to its average volume of 818,000. Illinois Tool Works Inc. has a twelve month low of $214.66 and a twelve month high of $279.13. The company has a market capitalization of $76.78 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 5.75 and a beta of 1.10. The stock has a 50 day simple moving average of $260.68 and a 200-day simple moving average of $250.88. 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 (NYSE:ITW - Get Free Report) last released its earnings results on Wednesday, July 30th. The industrial products company reported $2.58 earnings per share 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 business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the business earned $2.54 earnings per share. The firm's revenue for the quarter 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. As a group, sell-side analysts anticipate that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 30th will be given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 2.4%. This is a boost from Illinois Tool Works's previous quarterly dividend of $1.50. The ex-dividend date of this dividend is Tuesday, September 30th. Illinois Tool Works's dividend payout ratio (DPR) is 52.59%.

About Illinois Tool Works

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.