Trifecta Capital Advisors LLC Grows Stock Holdings in Illinois Tool Works Inc. $ITW

Key Points

• Trifecta Capital Advisors LLC significantly increased its stake in Illinois Tool Works, raising its holdings by 10,500% during the second quarter, bringing its total to 1,060 shares valued at approximately $262,000.
• Illinois Tool Works announced a quarterly dividend of $1.61 per share, up from the previous $1.50, with pay dates scheduled for October 10th for shareholders of record as of September 30th.
• The company's recent earnings report revealed an EPS of $2.58 for the quarter, exceeding estimates, while revenue increased 0.6% year-over-year to $4.05 billion.

Trifecta Capital Advisors LLC lifted its position in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 10,500.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,060 shares of the industrial products company's stock after acquiring an additional 1,050 shares during the period. Trifecta Capital Advisors LLC's holdings in Illinois Tool Works were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Windle Wealth LLC increased its position in shares of Illinois Tool Works by 3.9% during the second quarter. Windle Wealth LLC now owns 28,793 shares of the industrial products company's stock valued at $7,119,000 after acquiring an additional 1,073 shares in the last quarter. Maryland State Retirement & Pension System increased its position in shares of Illinois Tool Works by 4.1% during the second quarter. Maryland State Retirement & Pension System now owns 14,242 shares of the industrial products company's stock valued at $3,521,000 after acquiring an additional 556 shares in the last quarter. Massachusetts Wealth Management increased its position in shares of Illinois Tool Works by 1.1% during the second quarter. Massachusetts Wealth Management now owns 7,634 shares of the industrial products company's stock valued at $1,888,000 after acquiring an additional 85 shares in the last quarter. Eagle Strategies LLC increased its position in shares of Illinois Tool Works by 10.9% during the second quarter. Eagle Strategies LLC now owns 1,279 shares of the industrial products company's stock valued at $316,000 after acquiring an additional 126 shares in the last quarter. Finally, Secured Retirement Advisors LLC increased its position in shares of Illinois Tool Works by 2.5% during the second quarter. Secured Retirement Advisors LLC now owns 8,669 shares of the industrial products company's stock valued at $2,143,000 after acquiring an additional 209 shares in the last quarter. Institutional investors own 79.77% of the company's stock.

Illinois Tool Works Trading Down 1.1%

Shares of Illinois Tool Works stock opened at $252.91 on Thursday. The company has a market capitalization of $73.72 billion, a P/E ratio of 22.17, a P/E/G ratio of 5.65 and a beta of 1.10. 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 fifty day moving average of $261.33 and a 200 day moving average of $251.09. Illinois Tool Works Inc. has a fifty-two week low of $214.66 and a fifty-two week high of $279.13.

Illinois Tool Works (NYSE:ITW - Get Free Report) last released its quarterly earnings data 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. Illinois Tool Works had a net margin of 21.31% and a return on equity of 90.89%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the firm earned $2.54 EPS. The business's revenue was up .6% on a year-over-year basis. Illinois Tool Works has set its FY 2025 guidance at 10.350-10.550 EPS. On average, sell-side analysts anticipate that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders 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 of this dividend is Tuesday, September 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.5%. Illinois Tool Works's payout ratio is currently 56.44%.

Insider Activity at Illinois Tool Works

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

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. UBS Group lifted their target price on shares of Illinois Tool Works from $243.00 to $255.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Stifel Nicolaus boosted their target price on shares of Illinois Tool Works from $255.00 to $261.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. Truist Financial boosted their target price on shares of Illinois Tool Works from $283.00 to $298.00 and gave the company a "hold" rating in a research note on Wednesday. Wells Fargo & Company boosted their target price on shares of Illinois Tool Works from $235.00 to $250.00 and gave the company an "underweight" rating in a research note on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Illinois Tool Works from $265.00 to $268.00 and gave the company a "hold" rating in a research note on Thursday, October 2nd. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $262.83.

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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