Lathrop Investment Management Co. Sells 2,510 Shares of Illinois Tool Works Inc. $ITW

Lathrop Investment Management Co. trimmed its stake in Illinois Tool Works Inc. (NYSE:ITW) by 4.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,461 shares of the industrial products company’s stock after selling 2,510 shares during the quarter. Illinois Tool Works makes up about 2.4% of Lathrop Investment Management Co.’s portfolio, making the stock its 21st biggest holding. Lathrop Investment Management Co.’s holdings in Illinois Tool Works were worth $12,897,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Illinois Tool Works in the 2nd quarter valued at about $821,888,000. Massachusetts Financial Services Co. MA grew its stake in shares of Illinois Tool Works by 12.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,797,055 shares of the industrial products company’s stock valued at $938,822,000 after acquiring an additional 415,982 shares in the last quarter. Laurel Wealth Advisors LLC boosted its stake in shares of Illinois Tool Works by 24,625.1% in the second quarter. Laurel Wealth Advisors LLC now owns 343,431 shares of the industrial products company’s stock valued at $84,913,000 after buying an additional 342,042 shares during the period. Vanguard Group Inc. lifted its position in Illinois Tool Works by 1.3% during the second quarter. Vanguard Group Inc. now owns 26,723,774 shares of the industrial products company’s stock worth $6,607,453,000 after purchasing an additional 335,955 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Illinois Tool Works by 9.1% during the 2nd quarter. Invesco Ltd. now owns 2,220,345 shares of the industrial products company’s stock worth $548,980,000 after acquiring an additional 185,416 shares in the last quarter. 79.77% of the stock is owned by institutional investors.

Illinois Tool Works Trading Down 0.1%

Shares of ITW opened at $290.08 on Monday. The business’s 50-day moving average price is $269.75 and its 200-day moving average price is $259.64. The stock has a market cap of $83.60 billion, a PE ratio of 27.65, a P/E/G ratio of 15.56 and a beta of 1.12. Illinois Tool Works Inc. has a twelve month low of $214.66 and a twelve month high of $303.15. 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 (NYSE:ITW) last issued its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $4.07 billion. During the same quarter in the previous year, the firm earned $2.54 earnings per share. 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, equities analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction that occurred on 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 $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $75,282,792.38. This trade represents a 39.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ITW shares. Truist Financial raised their price objective on Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a report on Wednesday, February 4th. UBS Group reissued a “neutral” rating and set a $285.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Wolfe Research lifted their price target 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. Robert W. Baird set a $278.00 target price on Illinois Tool Works in a research report on Wednesday, February 4th. Finally, Bank of America raised Illinois Tool Works from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $220.00 to $255.00 in a research report on Tuesday, November 18th. 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. According to MarketBeat.com, Illinois Tool Works has an average rating of “Reduce” and a consensus price target of $274.38.

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.