Silvant Capital Management LLC Has $75,000 Stock Holdings in Illinois Tool Works Inc. $ITW

Key Points

• Silvant Capital Management LLC significantly reduced its stake in Illinois Tool Works by 93.9%, holding only 304 shares worth $75,000 after selling 4,698 shares during the first quarter.
• Illinois Tool Works recently reported quarterly earnings with an EPS of $2.58, surpassing estimates, and set its FY 2025 guidance between $10.350 and $10.550.
• The company announced a dividend increase to $1.61 per share, representing a 2.4% yield, with the next payment scheduled for October 10th.

Silvant Capital Management LLC cut its position in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 93.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 304 shares of the industrial products company's stock after selling 4,698 shares during the period. Silvant Capital Management LLC's holdings in Illinois Tool Works were worth $75,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ITW. Brighton Jones LLC increased its position in shares of Illinois Tool Works by 5.3% during the fourth quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company's stock valued at $1,399,000 after purchasing an additional 277 shares during the period. Berger Financial Group Inc bought a new stake in shares of Illinois Tool Works during the fourth quarter valued at approximately $262,000. Lido Advisors LLC increased its position in shares of Illinois Tool Works by 3.1% during the fourth quarter. Lido Advisors LLC now owns 33,603 shares of the industrial products company's stock valued at $8,567,000 after purchasing an additional 1,022 shares during the period. Perbak Capital Partners LLP bought a new stake in shares of Illinois Tool Works during the fourth quarter valued at approximately $1,586,000. Finally, AQR Capital Management LLC grew its position in Illinois Tool Works by 28.5% in the fourth quarter. AQR Capital Management LLC now owns 533,725 shares of the industrial products company's stock valued at $135,331,000 after acquiring an additional 118,389 shares during the period. 79.77% of the stock is currently owned by institutional investors.

Illinois Tool Works Price Performance

Illinois Tool Works stock traded down $1.02 on Friday, reaching $264.73. The company's stock had a trading volume of 963,377 shares, compared to its average volume of 926,250. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.15 and a current ratio of 1.59. The company has a market cap of $77.17 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 5.71 and a beta of 1.09. The business's fifty day moving average price is $258.01 and its 200 day moving average price is $250.66. Illinois Tool Works Inc. has a twelve month low of $214.66 and a twelve month high of $279.13.

Illinois Tool Works (NYSE:ITW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.56 by $0.02. The company had revenue of $4.05 billion for 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 revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.54 earnings per share. Illinois Tool Works has set its FY 2025 guidance at 10.350-10.550 EPS. Equities analysts expect that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th will be paid a $1.61 dividend. This is an increase from Illinois Tool Works's previous quarterly dividend of $1.50. This represents a $6.44 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Illinois Tool Works's payout ratio is presently 52.59%.

Insider Activity

In other news, Director David Byron Smith, Jr. purchased 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, with a total value of $210,291.52. Following the completion of the purchase, the director directly owned 122,884 shares of the company's stock, valued at $29,634,705.44. The trade was a 0.71% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.88% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ITW shares. UBS Group upped their price target on Illinois Tool Works from $243.00 to $255.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Truist Financial cut Illinois Tool Works from a "buy" rating to a "hold" rating and set a $283.00 price target on the stock. in a research report on Thursday, July 31st. Barclays upped 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. Citigroup upped their price target on Illinois Tool Works from $254.00 to $265.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Finally, Stifel Nicolaus upped 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 assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus 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.