Sather Financial Group Inc Makes New $573,000 Investment in Illinois Tool Works Inc. $ITW

Key Points

• Sather Financial Group Inc has invested approximately $573,000 in Illinois Tool Works Inc, acquiring 2,318 shares during the second quarter.
• Illinois Tool Works recently declared a quarterly dividend of $1.61 per share, reflecting an increase from the previous quarterly dividend of $1.50.
• The stock is currently rated by analysts with a consensus of "Reduce," with an average price target of $262.83.

Sather Financial Group Inc bought a new position in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,318 shares of the industrial products company's stock, valued at approximately $573,000.

Other institutional investors also recently bought and sold shares of the company. von Borstel & Associates Inc. purchased a new stake in Illinois Tool Works during the first quarter worth $26,000. SOA Wealth Advisors LLC. boosted its position in Illinois Tool Works by 90.9% during the second quarter. SOA Wealth Advisors LLC. now owns 105 shares of the industrial products company's stock worth $26,000 after purchasing an additional 50 shares in the last quarter. Saudi Central Bank acquired a new position in shares of Illinois Tool Works in the first quarter worth $29,000. 1248 Management LLC acquired a new position in shares of Illinois Tool Works in the first quarter worth $30,000. Finally, Banque Transatlantique SA acquired a new position in shares of Illinois Tool Works in the first quarter worth $30,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, CAO Randall J. Scheuneman sold 6,802 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $265.08, for a total transaction of $1,803,074.16. Following the completion of the sale, the chief accounting officer owned 10,314 shares of the company's stock, valued at approximately $2,734,035.12. The trade was a 39.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.88% of the company's stock.

Illinois Tool Works Stock Performance

Illinois Tool Works stock opened at $244.79 on Friday. The firm has a market capitalization of $71.36 billion, a P/E ratio of 21.45, a PEG ratio of 5.41 and a beta of 1.10. The stock has a fifty day moving average price of $261.04 and a 200 day moving average price of $250.93. Illinois Tool Works Inc. has a 52 week low of $214.66 and a 52 week high of $279.13. 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 EPS for the quarter, beating the consensus estimate of $2.56 by $0.02. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.01 billion. Illinois Tool Works had a return on equity of 90.89% and a net margin of 21.31%.The business's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.54 earnings per share. Illinois Tool Works has set its FY 2025 guidance at 10.350-10.550 EPS. Equities research 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 declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th were given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 2.6%. This is a boost from Illinois Tool Works's previous quarterly dividend of $1.50. The ex-dividend date of this dividend was Tuesday, September 30th. Illinois Tool Works's dividend payout ratio (DPR) is presently 56.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ITW shares. Citigroup boosted their price target on Illinois Tool Works from $254.00 to $265.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Wells Fargo & Company boosted their price target on Illinois Tool Works from $235.00 to $250.00 and gave the stock an "underweight" rating in a report on Thursday, July 31st. Barclays boosted their price target 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. Weiss Ratings reissued a "buy (b)" rating on shares of Illinois Tool Works in a report on Wednesday. Finally, Stifel Nicolaus boosted their price target on Illinois Tool Works from $255.00 to $261.00 and gave the stock a "hold" rating in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Illinois Tool Works currently has a consensus rating of "Reduce" and an average price target of $262.83.

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.

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