Illinois Tool Works Inc. $ITW Shares Sold by Vest Financial LLC

Vest Financial LLC lessened its stake in Illinois Tool Works Inc. (NYSE:ITW) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 195,003 shares of the industrial products company’s stock after selling 14,415 shares during the quarter. Vest Financial LLC’s holdings in Illinois Tool Works were worth $48,029,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ITW. Brighton Jones LLC boosted its holdings in shares of Illinois Tool Works by 5.3% in the 4th quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock valued at $1,399,000 after purchasing an additional 277 shares during the last quarter. Bison Wealth LLC lifted its holdings in shares of Illinois Tool Works by 2.3% during the 4th quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock valued at $901,000 after acquiring an additional 81 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Illinois Tool Works by 20.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company’s stock valued at $257,000 after acquiring an additional 177 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Illinois Tool Works by 22.0% during the 2nd quarter. Sei Investments Co. now owns 106,784 shares of the industrial products company’s stock valued at $26,401,000 after acquiring an additional 19,248 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Illinois Tool Works by 2.2% during the 2nd quarter. Treasurer of the State of North Carolina now owns 136,884 shares of the industrial products company’s stock valued at $33,845,000 after acquiring an additional 2,890 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

Shares of Illinois Tool Works stock opened at $269.93 on Tuesday. The firm has a market cap of $77.76 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 4.84 and a beta of 1.13. The firm’s 50-day simple moving average is $272.84 and its 200-day simple moving average is $261.48. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.89 and a current ratio of 1.21. Illinois Tool Works Inc. has a 1 year low of $228.76 and a 1 year high of $303.15.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.03. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Equities analysts forecast that Illinois Tool Works Inc. will post 11.26 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Tuesday, March 31st were given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is currently 61.39%.

Insider Transactions at Illinois Tool Works

In related news, Director Ernest Scott Santi sold 167,345 shares of the business’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 sale, the director owned 258,766 shares of the company’s stock, valued at $75,282,792.38. This represents a 39.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Axel Beck sold 4,223 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the sale, the executive vice president directly owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. This represents a 42.18% decrease in their position. The SEC filing for this sale provides additional information. 0.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ITW shares. UBS Group restated a “neutral” rating and set a $285.00 target price on shares of Illinois Tool Works in a report on Wednesday, February 4th. Barclays reduced their target price on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a report on Wednesday, April 1st. Citigroup boosted their price objective on shares of Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. cut their price objective on shares of Illinois Tool Works from $327.00 to $303.00 and set an “overweight” rating on the stock in a report on Friday, April 10th. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $253.00 price objective on shares of Illinois Tool Works in a report on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $270.00.

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.