Illinois Tool Works Inc. $ITW Shares Sold by Rathbones Group PLC

Rathbones Group PLC cut its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 29.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,962 shares of the industrial products company’s stock after selling 6,680 shares during the period. Rathbones Group PLC’s holdings in Illinois Tool Works were worth $3,931,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ITW. AE Wealth Management LLC boosted its stake in Illinois Tool Works by 128.4% during the 3rd quarter. AE Wealth Management LLC now owns 9,128 shares of the industrial products company’s stock valued at $2,380,000 after purchasing an additional 5,131 shares during the period. Madison Asset Management LLC boosted its stake in Illinois Tool Works by 411.8% during the 3rd quarter. Madison Asset Management LLC now owns 87,875 shares of the industrial products company’s stock valued at $22,914,000 after purchasing an additional 70,704 shares during the period. Siemens Fonds Invest GmbH boosted its stake in Illinois Tool Works by 70.1% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company’s stock valued at $4,753,000 after purchasing an additional 7,508 shares during the period. Mediolanum International Funds Ltd boosted its stake in Illinois Tool Works by 10.4% during the 3rd quarter. Mediolanum International Funds Ltd now owns 103,161 shares of the industrial products company’s stock valued at $26,964,000 after purchasing an additional 9,738 shares during the period. Finally, Brendel Financial Advisors LLC boosted its stake in Illinois Tool Works by 1,328.6% during the 3rd quarter. Brendel Financial Advisors LLC now owns 13,929 shares of the industrial products company’s stock valued at $3,632,000 after purchasing an additional 12,954 shares during the period. 79.77% of the stock is owned by institutional investors and hedge funds.

Illinois Tool Works Stock Up 0.1%

ITW stock opened at $258.47 on Tuesday. Illinois Tool Works Inc. has a 52 week low of $214.66 and a 52 week high of $303.15. The company has a market capitalization of $74.46 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 13.82 and a beta of 1.13. The firm’s 50-day moving average is $276.64 and its two-hundred day moving average is $260.34. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07.

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, topping analysts’ consensus estimates 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 company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.07 billion. During the same period in the previous year, the firm earned $2.54 EPS. Illinois Tool Works’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. On average, analysts forecast that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st will be given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s payout ratio is 61.39%.

Insider Transactions at Illinois Tool Works

In related news, EVP Axel Beck sold 4,223 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $290.22, for a total value of $1,225,599.06. Following the sale, the executive vice president directly owned 5,789 shares in the company, valued at $1,680,083.58. The trade was a 42.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $48,685,680.85. Following the completion of the sale, the director owned 258,766 shares in the company, valued at $75,282,792.38. The trade was a 39.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ITW has been the subject of a number of analyst reports. Barclays reduced their target price on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research note on Wednesday, April 1st. Wolfe Research boosted their target price on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research note on Friday, February 27th. Citigroup boosted their target price on shares of Illinois Tool Works from $271.00 to $284.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Robert W. Baird set a $278.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $271.85.

Illinois Tool Works 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.