Insider Selling: Illinois Tool Works (NYSE:ITW) Director Sells 167,345 Shares of Stock

Illinois Tool Works Inc. (NYSE:ITW) Director Ernest Scott Santi sold 167,345 shares of the stock in a transaction dated 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 sale, the director directly owned 258,766 shares in the company, valued at $75,282,792.38. This trade represents a 39.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Illinois Tool Works Price Performance

NYSE ITW traded up $5.34 on Friday, hitting $293.63. The stock had a trading volume of 1,531,428 shares, compared to its average volume of 1,629,549. The firm has a 50-day moving average of $255.92 and a 200-day moving average of $255.59. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.11 and a current ratio of 1.21. Illinois Tool Works Inc. has a 52-week low of $214.66 and a 52-week high of $294.79. The company has a market capitalization of $85.18 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 15.51 and a beta of 1.15.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.03. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.07 billion. During the same quarter last year, the business posted $2.54 earnings per share. The firm’s revenue 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. Equities analysts expect that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Institutional Investors Weigh In On Illinois Tool Works

Several institutional investors and hedge funds have recently bought and sold shares of the business. Frazier Financial Advisors LLC bought a new position in shares of Illinois Tool Works during the second quarter valued at approximately $25,000. Cresta Advisors Ltd. bought a new stake in Illinois Tool Works during the 4th quarter valued at approximately $25,000. Corsicana & Co. purchased a new position in shares of Illinois Tool Works during the 3rd quarter worth approximately $26,000. Lodestone Wealth Management LLC bought a new position in shares of Illinois Tool Works in the 4th quarter worth approximately $28,000. Finally, Beacon Financial Strategies CORP purchased a new position in shares of Illinois Tool Works in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ITW shares. Robert W. Baird set a $278.00 price target on Illinois Tool Works in a research note on Wednesday. Barclays upped their target price on Illinois Tool Works from $243.00 to $244.00 and gave the stock an “underweight” rating in a research note on Monday, October 27th. Evercore decreased their price target on shares of 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. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $253.00 price objective on shares of Illinois Tool Works in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their target price on shares of Illinois Tool Works from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $270.69.

About Illinois Tool Works

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.