Focus Partners Advisor Solutions LLC Purchases 1,930 Shares of Illinois Tool Works Inc. $ITW

Focus Partners Advisor Solutions LLC increased its position in Illinois Tool Works Inc. (NYSE:ITW) by 20.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,512 shares of the industrial products company’s stock after purchasing an additional 1,930 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Illinois Tool Works were worth $2,983,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ITW. Norges Bank bought a new position in shares of Illinois Tool Works during the 2nd quarter worth about $821,888,000. Massachusetts Financial Services Co. MA raised its position in 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 purchasing an additional 415,982 shares in the last quarter. Laurel Wealth Advisors LLC lifted its stake in Illinois Tool Works by 24,625.1% during the second quarter. Laurel Wealth Advisors LLC now owns 343,431 shares of the industrial products company’s stock worth $84,913,000 after purchasing an additional 342,042 shares during the period. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 335,955 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Illinois Tool Works by 9.1% in the 2nd quarter. Invesco Ltd. now owns 2,220,345 shares of the industrial products company’s stock valued at $548,980,000 after purchasing an additional 185,416 shares during the period. Institutional investors own 79.77% of the company’s stock.

Insider Buying and Selling at Illinois Tool Works

In other news, EVP Axel Beck sold 4,223 shares of the company’s 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 of the company’s stock, valued at $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ITW has been the subject of several analyst reports. Robert W. Baird set a $278.00 target price on Illinois Tool Works in a research report on Wednesday, February 4th. Citigroup lifted their price objective on Illinois Tool Works from $271.00 to $284.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. upped their target price on shares of Illinois Tool Works from $275.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Barclays lifted their price target on shares of Illinois Tool Works from $244.00 to $275.00 and gave the company an “underweight” rating in a report on Monday, February 9th. Finally, UBS Group reaffirmed a “neutral” rating and set a $285.00 price objective on shares of Illinois Tool Works in a report on Wednesday, February 4th. Two equities 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, the company currently has an average rating of “Reduce” and an average target price of $274.38.

Illinois Tool Works Stock Up 0.5%

Shares of NYSE:ITW opened at $287.29 on Thursday. 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 $82.80 billion, a P/E ratio of 27.39, a P/E/G ratio of 15.31 and a beta of 1.13. Illinois Tool Works Inc. has a 12 month low of $214.66 and a 12 month high of $303.15. The company’s 50-day moving average price is $271.92 and its two-hundred day moving average price is $260.23.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, topping 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 the consensus estimate of $4.07 billion. During the same period in the previous year, the firm posted $2.54 earnings per share. The company’s 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 forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal 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 given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio (DPR) is presently 61.39%.

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.