Smith Chas P & Associates PA Cpas Sells 53,086 Shares of Illinois Tool Works Inc. $ITW

Smith Chas P & Associates PA Cpas lowered its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 39.3% during the third quarter, HoldingsChannel reports. The firm owned 82,051 shares of the industrial products company’s stock after selling 53,086 shares during the quarter. Illinois Tool Works comprises 1.9% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 24th largest holding. Smith Chas P & Associates PA Cpas’ holdings in Illinois Tool Works were worth $21,396,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Corsicana & Co. bought a new position in Illinois Tool Works in the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in Illinois Tool Works in the 2nd quarter valued at $31,000. Vermillion & White Wealth Management Group LLC boosted its stake in Illinois Tool Works by 103.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 63 shares during the period. True Wealth Design LLC increased its holdings in Illinois Tool Works by 341.9% during the 3rd quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 106 shares in the last quarter. Finally, MTM Investment Management LLC raised its stake in shares of Illinois Tool Works by 70.5% in the 3rd quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 67 shares during the period. 79.77% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Axel Beck sold 4,223 shares of Illinois Tool Works stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the completion of the transaction, the executive vice president owned 5,789 shares in the company, valued at approximately $1,680,083.58. This trade represents a 42.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $290.93, for a total value of $48,685,680.85. Following the transaction, the director directly owned 258,766 shares in the company, valued at approximately $75,282,792.38. This trade represents a 39.27% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.88% of the company’s stock.

Illinois Tool Works Trading Down 1.9%

Shares of Illinois Tool Works stock opened at $285.65 on Wednesday. The stock has a market cap of $82.32 billion, a P/E ratio of 27.23, a P/E/G ratio of 15.59 and a beta of 1.13. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 2.07. Illinois Tool Works Inc. has a 12-month low of $214.66 and a 12-month high of $303.15. The business’s 50 day moving average is $271.21 and its 200-day moving average is $260.04.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.03. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.07 billion. During the same period last year, the business earned $2.54 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Equities research analysts predict that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is presently 61.39%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 4th. Evercore cut their target price on Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating on the stock in a research note on Monday, November 17th. Bank of America raised shares of Illinois Tool Works from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $220.00 to $255.00 in a research note on Tuesday, November 18th. UBS Group reissued a “neutral” rating and issued a $285.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of Illinois Tool Works from $275.00 to $310.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $274.38.

Illinois Tool Works Company Profile

Illinois Tool Works Inc (ITW) is a diversified industrial manufacturer that designs and produces a broad array of engineered products, consumables and related service solutions for industrial customers. Its offerings span engineered fastening systems, specialty components, industrial equipment, welding products, foodservice and packaging equipment, adhesives and polymer products, and test-and-measurement technologies. These products are used as critical inputs by customers across automotive, construction, electronics, foodservice, maintenance and other industrial end markets.

The company operates a decentralized business model in which independently managed businesses focus on niche product lines and close customer relationships.