Alps Advisors Inc. Trims Stock Position in Illinois Tool Works Inc. $ITW

Alps Advisors Inc. decreased its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 21.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,195 shares of the industrial products company’s stock after selling 8,803 shares during the quarter. Alps Advisors Inc.’s holdings in Illinois Tool Works were worth $8,656,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Frazier Financial Advisors LLC purchased a new position in Illinois Tool Works during the second quarter worth approximately $25,000. Corsicana & Co. acquired a new stake in shares of Illinois Tool Works during the 3rd quarter worth $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Illinois Tool Works in the 2nd quarter worth $31,000. Vermillion & White Wealth Management Group LLC boosted its holdings in Illinois Tool Works by 103.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 63 shares during the last quarter. Finally, True Wealth Design LLC grew its position in Illinois Tool Works by 341.9% during the third quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 106 shares during the period. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Illinois Tool Works Stock Performance

Illinois Tool Works stock opened at $293.63 on Monday. Illinois Tool Works Inc. has a 12-month low of $214.66 and a 12-month high of $294.79. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. 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 15.72 and a beta of 1.15. The firm’s fifty day moving average price is $256.81 and its 200 day moving average price is $255.78.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.07 billion. During the same period in the prior year, the company posted $2.54 EPS. The firm’s revenue for the quarter 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, research analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ITW. Robert W. Baird set a $278.00 price objective on Illinois Tool Works in a report on Wednesday. Evercore cut 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 report on Monday, November 17th. JPMorgan Chase & Co. boosted their price objective on shares of Illinois Tool Works from $275.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Wells Fargo & Company increased their price objective on shares of Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” rating in a research report on Wednesday. Finally, Barclays lifted their target price on shares of Illinois Tool Works from $243.00 to $244.00 and gave the company an “underweight” rating in a report on Monday, October 27th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Illinois Tool Works presently has a consensus rating of “Reduce” and an average target price of $270.54.

Insiders Place Their Bets

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works stock in a transaction that occurred on 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 sale, the director directly owned 258,766 shares in the company, valued at $75,282,792.38. The trade was a 39.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is currently owned by company insiders.

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.