ProShare Advisors LLC Sells 35,233 Shares of Illinois Tool Works Inc. $ITW

ProShare Advisors LLC trimmed its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 4.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 685,669 shares of the industrial products company’s stock after selling 35,233 shares during the period. ProShare Advisors LLC owned about 0.24% of Illinois Tool Works worth $178,795,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new position in Illinois Tool Works during the 2nd quarter valued at about $25,000. Corsicana & Co. bought a new position in shares of Illinois Tool Works in the third quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC boosted its position in shares of Illinois Tool Works by 103.3% during 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 buying an additional 63 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Illinois Tool Works during the second quarter worth $31,000. Finally, True Wealth Design LLC grew its holdings 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 worth $36,000 after buying an additional 106 shares in the last quarter. 79.77% of the stock is owned by institutional investors.

Illinois Tool Works Trading Up 1.9%

Shares of ITW stock opened at $293.63 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 2.07. The firm has a market cap of $85.18 billion, a P/E ratio of 27.99, a PEG ratio of 15.72 and a beta of 1.15. The company has a 50 day moving average of $256.81 and a 200-day moving average of $255.78. Illinois Tool Works Inc. has a 12-month low of $214.66 and a 12-month high of $294.79.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, beating 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 business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.07 billion. During the same quarter in the prior year, the business earned $2.54 earnings per share. Illinois Tool Works’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. Sell-side analysts anticipate that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on Illinois Tool Works from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Wolfe Research lowered their target price on shares of Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating for the company in a report on Wednesday, February 4th. 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company lifted their target price 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. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $270.54.

Insider Buying and Selling at Illinois Tool Works

In other news, Director Ernest Scott Santi sold 167,345 shares of the stock in a transaction 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 completion of the transaction, the director owned 258,766 shares in the company, valued at approximately $75,282,792.38. This represents a 39.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.