Bahl & Gaynor Inc. Has $165.39 Million Stake in Illinois Tool Works Inc. $ITW

Bahl & Gaynor Inc. reduced its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 634,255 shares of the industrial products company’s stock after selling 33,347 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.22% of Illinois Tool Works worth $165,388,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Illinois Tool Works by 1.3% in the second quarter. Vanguard Group Inc. now owns 26,723,774 shares of the industrial products company’s stock worth $6,607,453,000 after purchasing an additional 335,955 shares in the last quarter. State Street Corp increased its stake in shares of Illinois Tool Works by 0.9% in the second quarter. State Street Corp now owns 12,476,310 shares of the industrial products company’s stock valued at $3,103,167,000 after buying an additional 108,919 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Illinois Tool Works by 1.9% in the second 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 buying an additional 122,990 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Illinois Tool Works by 12.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,797,055 shares of the industrial products company’s stock worth $938,822,000 after acquiring an additional 415,982 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in Illinois Tool Works by 2.3% in the 2nd quarter. Fisher Asset Management LLC now owns 3,595,146 shares of the industrial products company’s stock worth $888,900,000 after purchasing an additional 80,527 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on ITW. Wells Fargo & Company upped their target price on shares of Illinois Tool Works from $250.00 to $270.00 and gave the company an “underweight” rating in a research report on Wednesday, February 4th. Wolfe Research lifted their target price on Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a report on Friday. Robert W. Baird set a $278.00 price target on shares of Illinois Tool Works in a report on Wednesday, February 4th. Bank of America raised Illinois Tool Works from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $220.00 to $255.00 in a research report on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. 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 data from MarketBeat, Illinois Tool Works currently has an average rating of “Reduce” and a consensus target price of $274.38.

Insider Buying and Selling at Illinois Tool Works

In other Illinois Tool Works news, EVP Axel Beck sold 4,223 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the transaction, the executive vice president owned 5,789 shares in the company, valued at $1,680,083.58. This trade represents a 42.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the sale, the director directly owned 258,766 shares of the company’s stock, valued at approximately $75,282,792.38. The trade was a 39.27% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is owned by company insiders.

Illinois Tool Works Stock Down 0.1%

ITW opened at $290.08 on Monday. The stock’s fifty day simple moving average is $269.75 and its 200 day simple moving average is $259.64. 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 stock has a market cap of $83.60 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 15.56 and a beta of 1.12. Illinois Tool Works Inc. has a 1-year low of $214.66 and a 1-year high of $303.15.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 EPS 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 business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same quarter in the prior year, the business earned $2.54 EPS. Illinois Tool Works’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. As a group, research analysts expect that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st will be issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is currently 61.39%.

Illinois Tool Works Company 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.