Illinois Tool Works Inc. $ITW Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its position in Illinois Tool Works Inc. (NYSE:ITW) by 7.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,331,787 shares of the industrial products company’s stock after selling 110,679 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.46% of Illinois Tool Works worth $347,277,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ITW. AE Wealth Management LLC lifted its stake in Illinois Tool Works by 128.4% in the 3rd quarter. AE Wealth Management LLC now owns 9,128 shares of the industrial products company’s stock valued at $2,380,000 after buying an additional 5,131 shares in the last quarter. Madison Asset Management LLC grew its holdings in Illinois Tool Works by 411.8% during the 3rd quarter. Madison Asset Management LLC now owns 87,875 shares of the industrial products company’s stock valued at $22,914,000 after buying an additional 70,704 shares during the last quarter. Mediolanum International Funds Ltd increased its position in Illinois Tool Works by 10.4% during the third quarter. Mediolanum International Funds Ltd now owns 103,161 shares of the industrial products company’s stock worth $26,964,000 after buying an additional 9,738 shares in the last quarter. Brendel Financial Advisors LLC raised its holdings in shares of Illinois Tool Works by 1,328.6% in the third quarter. Brendel Financial Advisors LLC now owns 13,929 shares of the industrial products company’s stock worth $3,632,000 after acquiring an additional 12,954 shares during the last quarter. Finally, Davis Capital Management acquired a new position in shares of Illinois Tool Works in the third quarter valued at approximately $1,162,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

Wall Street Analyst Weigh In

ITW has been the subject of several research analyst reports. Robert W. Baird set a $278.00 price target on shares of Illinois Tool Works in a research 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 report on Wednesday, February 4th. Bank of America raised Illinois Tool Works from an “underperform” rating to a “neutral” rating and upped their target price for the company from $220.00 to $255.00 in a research report on Tuesday, November 18th. Barclays boosted their price target on Illinois Tool Works from $244.00 to $275.00 and gave the company an “underweight” rating in a report on Monday, February 9th. Finally, Wolfe Research upped their price target on Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research report on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $275.69.

Insider Buying and Selling

In related news, EVP Axel Beck sold 4,223 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the business’s 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 transaction, the director owned 258,766 shares of the company’s stock, valued at $75,282,792.38. This trade represents a 39.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.88% of the company’s stock.

Illinois Tool Works Stock Performance

ITW stock opened at $265.57 on Friday. Illinois Tool Works Inc. has a 1 year low of $214.66 and a 1 year high of $303.15. The stock has a market capitalization of $76.54 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 14.53 and a beta of 1.13. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.89 and a current ratio of 1.21. The stock’s fifty day moving average is $274.84 and its two-hundred day moving average is $260.72.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data 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. The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.07 billion. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, research analysts predict that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Illinois Tool Works’s payout ratio is 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.