Illinois Tool Works Inc. $ITW Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its position in Illinois Tool Works Inc. (NYSE:ITW) by 3.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 635,288 shares of the industrial products company’s stock after selling 24,604 shares during the period. Corient Private Wealth LLC owned approximately 0.22% of Illinois Tool Works worth $157,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Caldwell Trust Co acquired a new stake in shares of Illinois Tool Works during the second quarter worth about $1,674,000. Valeo Financial Advisors LLC raised its position in Illinois Tool Works by 136.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 7,365 shares of the industrial products company’s stock worth $1,821,000 after buying an additional 4,251 shares during the last quarter. NWF Advisory Services Inc. raised its position in Illinois Tool Works by 9.6% during the 2nd quarter. NWF Advisory Services Inc. now owns 1,085 shares of the industrial products company’s stock worth $268,000 after buying an additional 95 shares during the last quarter. V. M. Manning & CO. Inc. acquired a new stake in Illinois Tool Works during the 2nd quarter valued at approximately $317,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of Illinois Tool Works by 7.2% in the 2nd quarter. Osaic Holdings Inc. now owns 77,043 shares of the industrial products company’s stock valued at $19,069,000 after acquiring an additional 5,203 shares during the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Insider Activity at Illinois Tool Works

In related news, Director Pamela B. Strobel sold 1,521 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $245.25, for a total transaction of $373,025.25. Following the completion of the transaction, the director owned 39,249 shares in the company, valued at $9,625,817.25. This represents a 3.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.88% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ITW. Robert W. Baird set a $265.00 target price on shares of Illinois Tool Works in a research report on Monday, October 27th. Wells Fargo & Company decreased their price objective on Illinois Tool Works from $250.00 to $245.00 and set an “underweight” rating for the company in a report on Monday, October 27th. Barclays raised their target price on Illinois Tool Works from $243.00 to $244.00 and gave the stock an “underweight” rating in a report on Monday, October 27th. Deutsche Bank Aktiengesellschaft boosted their price target on Illinois Tool Works from $265.00 to $268.00 and gave the company a “hold” rating in a report on Thursday, October 2nd. Finally, Evercore ISI dropped their price objective 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. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Illinois Tool Works currently has an average rating of “Reduce” and a consensus target price of $261.58.

Illinois Tool Works Stock Performance

Shares of ITW stock opened at $258.07 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.11 and a debt-to-equity ratio of 2.39. Illinois Tool Works Inc. has a 12-month low of $214.66 and a 12-month high of $278.13. The business’s 50 day moving average is $247.85 and its two-hundred day moving average is $253.58. The company has a market capitalization of $74.87 billion, a P/E ratio of 25.03, a P/E/G ratio of 11.49 and a beta of 1.14.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Friday, October 24th. The industrial products company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.09. Illinois Tool Works had a return on equity of 93.26% and a net margin of 19.05%.The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the company posted $3.91 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Illinois Tool Works has set its FY 2025 guidance at 10.400-10.500 EPS. Analysts expect that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 31st will be given a $1.61 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $6.44 annualized dividend and a dividend yield of 2.5%. Illinois Tool Works’s dividend payout ratio (DPR) is 62.46%.

Illinois Tool Works Company Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.