Mcdonald Partners LLC Cuts Stock Position in Illinois Tool Works Inc. $ITW

Mcdonald Partners LLC trimmed its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 66.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,781 shares of the industrial products company’s stock after selling 3,456 shares during the period. Mcdonald Partners LLC’s holdings in Illinois Tool Works were worth $464,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Level Four Advisory Services LLC raised its position in shares of Illinois Tool Works by 3.4% during the 3rd quarter. Level Four Advisory Services LLC now owns 12,080 shares of the industrial products company’s stock worth $3,150,000 after purchasing an additional 400 shares during the last quarter. Focus Partners Advisor Solutions LLC increased its stake in Illinois Tool Works by 20.1% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 11,512 shares of the industrial products company’s stock worth $2,983,000 after buying an additional 1,930 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Illinois Tool Works by 0.6% during the third quarter. Kingsview Wealth Management LLC now owns 20,409 shares of the industrial products company’s stock valued at $5,322,000 after acquiring an additional 123 shares during the last quarter. Ballast Advisors LLC lifted its position in shares of Illinois Tool Works by 5.0% in the third quarter. Ballast Advisors LLC now owns 5,060 shares of the industrial products company’s stock valued at $1,319,000 after acquiring an additional 240 shares in the last quarter. Finally, 111 Capital acquired a new stake in shares of Illinois Tool Works in the third quarter worth approximately $658,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Axel Beck sold 4,223 shares of the firm’s 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 sale, the executive vice president directly owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. This trade represents a 42.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the completion of the transaction, the director directly owned 258,766 shares in the company, valued at $75,282,792.38. The trade was a 39.27% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ITW. UBS Group reissued a “neutral” rating and issued a $285.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Wells Fargo & Company boosted their price target on shares of Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 4th. Barclays upped their price objective on shares of Illinois Tool Works from $244.00 to $275.00 and gave the company an “underweight” rating in a research note on Monday, February 9th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $253.00 target price on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $274.38.

Illinois Tool Works Stock Performance

NYSE:ITW opened at $287.29 on Thursday. The company’s 50-day moving average is $271.92 and its two-hundred day moving average is $260.23. Illinois Tool Works Inc. has a 1-year low of $214.66 and a 1-year high of $303.15. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. The firm has a market capitalization of $82.80 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 15.31 and a beta of 1.13.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 EPS 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 firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same quarter in the previous year, the company earned $2.54 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be paid a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is 61.39%.

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.