Ernest Scott Santi Sells 167,345 Shares of Illinois Tool Works (NYSE:ITW) Stock

Illinois Tool Works Inc. (NYSE:ITW) Director Ernest Scott Santi sold 167,345 shares of the company’s stock in a transaction on 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 approximately $75,282,792.38. This trade represents a 39.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Illinois Tool Works Trading Up 1.9%

Shares of Illinois Tool Works stock opened at $293.63 on Friday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.11 and a current ratio of 1.21. The company has a market capitalization of $85.18 billion, a P/E ratio of 27.99, a PEG ratio of 15.78 and a beta of 1.15. Illinois Tool Works Inc. has a 1 year low of $214.66 and a 1 year high of $294.79. The company’s fifty day moving average is $256.81 and its two-hundred day moving average is $255.83.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.03. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.07 billion. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Analysts forecast that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research note on Wednesday. Wells Fargo & Company boosted their price target on shares of Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” rating in a research note on Wednesday. Evercore cut their price target on shares of Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating for the company in a report on Monday, November 17th. JPMorgan Chase & Co. lifted their price objective on Illinois Tool Works from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $253.00 target price on shares of Illinois Tool Works in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, Illinois Tool Works currently has a consensus rating of “Reduce” and an average price target of $270.54.

Institutional Trading of Illinois Tool Works

Large investors have recently made changes to their positions in the stock. Brighton Jones LLC grew its stake in 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 worth $1,399,000 after acquiring an additional 277 shares during the period. Bison Wealth LLC grew its position in shares of Illinois Tool Works by 2.3% in the fourth quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock valued at $901,000 after purchasing an additional 81 shares during the period. Sivia Capital Partners LLC increased its stake in Illinois Tool Works by 20.6% in the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company’s stock valued at $257,000 after purchasing an additional 177 shares during the last quarter. Belpointe Asset Management LLC lifted its position in Illinois Tool Works by 10.2% during the second quarter. Belpointe Asset Management LLC now owns 3,724 shares of the industrial products company’s stock worth $921,000 after buying an additional 346 shares during the period. Finally, Shell Asset Management Co. boosted its stake in Illinois Tool Works by 76.9% in the 2nd quarter. Shell Asset Management Co. now owns 6,747 shares of the industrial products company’s stock worth $1,668,000 after buying an additional 2,932 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

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.