Advisors Asset Management Inc. Has $14.14 Million Stock Holdings in Illinois Tool Works Inc. $ITW

Advisors Asset Management Inc. boosted its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 54,242 shares of the industrial products company’s stock after buying an additional 1,768 shares during the period. Advisors Asset Management Inc.’s holdings in Illinois Tool Works were worth $14,144,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ITW. Frazier Financial Advisors LLC acquired a new stake in shares of Illinois Tool Works in the 2nd quarter valued at about $25,000. Corsicana & Co. bought a new position in shares of Illinois Tool Works during the third quarter worth about $26,000. Vermillion & White Wealth Management Group LLC raised its position in Illinois Tool Works by 103.3% in the 2nd 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 2nd quarter worth about $31,000. Finally, True Wealth Design LLC raised its stake in shares of Illinois Tool Works by 341.9% during the 3rd quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 106 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ITW shares. Robert W. Baird set a $278.00 price target on Illinois Tool Works in a report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and set a $285.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Truist Financial boosted their target price on Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $253.00 price target on shares of Illinois Tool Works in a report on Tuesday, February 3rd. Finally, Wolfe Research decreased their price objective on shares of Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating on the stock in a report on Wednesday, February 4th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $272.92.

Illinois Tool Works Stock Performance

Shares of Illinois Tool Works stock opened at $293.93 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07. The company has a market cap of $85.27 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 15.56 and a beta of 1.15. The company has a 50 day moving average of $258.58 and a 200-day moving average of $256.20. Illinois Tool Works Inc. has a 1-year low of $214.66 and a 1-year high of $295.29.

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

Insider Activity at Illinois Tool Works

In related 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 value of $48,685,680.85. Following the completion of the sale, the director directly owned 258,766 shares in the company, valued at $75,282,792.38. This represents a 39.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Axel Beck sold 4,223 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $290.22, for a total value of $1,225,599.06. Following the transaction, the executive vice president owned 5,789 shares of the company’s stock, valued at $1,680,083.58. This trade represents a 42.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.88% of the stock is 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.