Illinois Tool Works Inc. $ITW Shares Bought by AdvisorShares Investments LLC

AdvisorShares Investments LLC boosted its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 1,222.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,287 shares of the industrial products company’s stock after purchasing an additional 2,114 shares during the period. AdvisorShares Investments LLC’s holdings in Illinois Tool Works were worth $596,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised 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 valued at $6,607,453,000 after acquiring an additional 335,955 shares in the last quarter. State Street Corp grew its stake in shares of Illinois Tool Works by 0.9% during the 2nd quarter. State Street Corp now owns 12,476,310 shares of the industrial products company’s stock worth $3,103,167,000 after purchasing an additional 108,919 shares during the period. Geode Capital Management LLC increased its holdings in shares of Illinois Tool Works by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 6,765,540 shares of the industrial products company’s stock valued at $1,670,246,000 after purchasing an additional 122,990 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Illinois Tool Works by 12.3% in the 2nd 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 purchasing an additional 415,982 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Illinois Tool Works by 2.3% during the second quarter. Fisher Asset Management LLC now owns 3,595,146 shares of the industrial products company’s stock worth $888,900,000 after buying an additional 80,527 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Stock Up 1.9%

Shares of ITW opened at $293.63 on Friday. The stock has a 50 day moving average price of $256.81 and a 200 day moving average price of $255.83. Illinois Tool Works Inc. has a one year low of $214.66 and a one year high of $294.79. 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 stock has a market capitalization of $85.18 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 15.78 and a beta of 1.15.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ITW shares. Bank of America raised shares of Illinois Tool Works from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $220.00 to $255.00 in a report on Tuesday, November 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. UBS Group reaffirmed a “neutral” rating and issued a $285.00 price target on shares of Illinois Tool Works in a report on Wednesday. Wolfe Research lowered their price target on Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating on the stock in a research report on Wednesday. Finally, Truist Financial boosted their price objective on Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $270.54.

Insiders Place Their Bets

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 transaction, the director directly owned 258,766 shares in the company, valued at approximately $75,282,792.38. The trade was a 39.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.88% of the company’s stock.

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.