Representative Jared Moskowitz (D-Florida) recently bought shares of Illinois Tool Works Inc. NYSE: ITW. In a filing disclosed on May 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Illinois Tool Works stock on April 7th. The trade occurred in the Representative's "MORGAN STANLEY ACTIVE ASSETS (1)" account.
Representative Jared Moskowitz also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 4/16/2025.
- Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/16/2025.
- Sold $1,001 - $15,000 in shares of Starbucks NASDAQ: SBUX on 4/10/2025.
- Sold $15,001 - $50,000 in shares of The Goldman Sachs Group NYSE: GS on 4/10/2025.
- Sold $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 4/10/2025.
- Purchased $1,001 - $15,000 in shares of Southern NYSE: SO on 4/7/2025.
- Purchased $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 4/7/2025.
- Purchased $1,001 - $15,000 in shares of Sherwin-Williams NYSE: SHW on 4/7/2025.
- Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/7/2025.
- Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 4/7/2025.
Illinois Tool Works Trading Up 1.2%
Shares of ITW traded up $2.96 during midday trading on Thursday, hitting $248.10. 926,596 shares of the stock were exchanged, compared to its average volume of 1,021,800. Illinois Tool Works Inc. has a 52-week low of $214.66 and a 52-week high of $279.13. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.99 and a current ratio of 1.36. The stock has a fifty day simple moving average of $242.22 and a 200 day simple moving average of $255.73. The firm has a market cap of $72.69 billion, a P/E ratio of 21.17, a P/E/G ratio of 4.56 and a beta of 1.12.
Illinois Tool Works (NYSE:ITW - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.34 by $0.04. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.83 billion. Illinois Tool Works had a net margin of 21.94% and a return on equity of 95.39%. The business's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.44 earnings per share. On average, research analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.
Illinois Tool Works Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Monday, June 30th will be given a dividend of $1.50 per share. The ex-dividend date is Monday, June 30th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.42%. Illinois Tool Works's payout ratio is currently 52.77%.
Hedge Funds Weigh In On Illinois Tool Works
A number of hedge funds have recently modified their holdings of the business. Prudent Man Investment Management Inc. acquired a new stake in shares of Illinois Tool Works during the fourth quarter worth about $25,000. Redwood Park Advisors LLC acquired a new stake in Illinois Tool Works during the 4th quarter worth approximately $26,000. Ameriflex Group Inc. purchased a new position in shares of Illinois Tool Works in the 4th quarter valued at approximately $26,000. von Borstel & Associates Inc. purchased a new position in Illinois Tool Works during the 1st quarter worth $26,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in Illinois Tool Works in the 4th quarter valued at approximately $28,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
ITW has been the subject of a number of recent research reports. UBS Group decreased their target price on Illinois Tool Works from $269.00 to $234.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Truist Financial lowered their price objective on Illinois Tool Works from $302.00 to $284.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Bank of America downgraded shares of Illinois Tool Works from a "neutral" rating to an "underperform" rating and set a $220.00 price target for the company. in a research note on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Illinois Tool Works from a "sell" rating to a "hold" rating and set a $257.00 price target for the company in a report on Wednesday, February 19th. Finally, Barclays decreased their price objective on shares of Illinois Tool Works from $240.00 to $237.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $253.67.
Check Out Our Latest Stock Analysis on ITW
Insider Activity at Illinois Tool Works
In other Illinois Tool Works news, Director Ernest Scott Santi sold 70,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $263.30, for a total transaction of $18,431,000.00. Following the completion of the transaction, the director now directly owns 260,224 shares in the company, valued at approximately $68,516,979.20. This trade represents a 21.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael M. Larsen sold 41,472 shares of Illinois Tool Works stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $271.25, for a total value of $11,249,280.00. Following the transaction, the chief financial officer now owns 50,502 shares of the company's stock, valued at $13,698,667.50. This represents a 45.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 159,925 shares of company stock worth $42,973,845 over the last three months. 0.88% of the stock is currently owned by corporate insiders.
About Representative Moskowitz
Jared Evan Moskowitz (Democratic Party) is a member of the U.S. House, representing Florida's 23rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.
Moskowitz (Democratic Party) is running for re-election to the U.S. House to represent Florida's 23rd Congressional District. He declared candidacy for the 2026 election.
Jared Evan Moskowitz was born in Coral Springs, Florida. Moskowitz graduated from Marjory Stoneman Douglas High School. He earned a bachelor's degree in political science and government from George Washington University in 2003 and a law degree from Nova Southeastern University in 2007. Moskowitz's career experience includes working as the director of the Florida Division of Emergency Management and general counsel with AshBritt Inc.
About Illinois Tool Works
(
Get Free Report)
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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