Crossmark Global Holdings Inc. Grows Stock Position in Illinois Tool Works Inc. $ITW

Crossmark Global Holdings Inc. increased its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 12.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,226 shares of the industrial products company’s stock after purchasing an additional 1,866 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Illinois Tool Works were worth $4,492,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in Illinois Tool Works in the second quarter valued at approximately $821,888,000. Massachusetts Financial Services Co. MA grew its holdings in Illinois Tool Works by 12.3% during the 2nd 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 in the last quarter. Laurel Wealth Advisors LLC increased its position in shares of Illinois Tool Works by 24,625.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 343,431 shares of the industrial products company’s stock valued at $84,913,000 after purchasing an additional 342,042 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Illinois Tool Works by 1.3% in the 2nd 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. lifted its position in shares of Illinois Tool Works by 9.1% during the 2nd quarter. Invesco Ltd. now owns 2,220,345 shares of the industrial products company’s stock worth $548,980,000 after purchasing an additional 185,416 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Price Performance

Shares of NYSE ITW opened at $276.95 on Friday. The stock has a fifty day moving average price of $273.02 and a 200 day moving average price of $260.50. Illinois Tool Works Inc. has a 1-year low of $214.66 and a 1-year high of $303.15. 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 cap of $79.82 billion, a PE ratio of 26.40, a P/E/G ratio of 15.12 and a beta of 1.13.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.07 billion. During the same period in the previous year, the company posted $2.54 EPS. Illinois Tool Works’s revenue was up 4.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Sell-side analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS 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. Investors of record on Tuesday, March 31st will be given a $1.61 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $6.44 dividend on an annualized basis and a yield of 2.3%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 61.39%.

Insider Transactions at Illinois Tool Works

In other news, EVP Axel Beck sold 4,223 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. This represents a 42.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were 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 of the company’s stock, valued at $75,282,792.38. This represents a 39.27% 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.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ITW shares. Citigroup boosted their price objective on shares of Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and set a $285.00 price target on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a research note on Wednesday, January 28th. Evercore cut their target price on Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating on the stock in a research report on Monday, November 17th. Finally, Robert W. Baird set a $278.00 price objective on Illinois Tool Works in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $274.38.

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.