Douglas Lane & Associates LLC Decreases Stake in Illinois Tool Works Inc. $ITW

Douglas Lane & Associates LLC lowered its position in Illinois Tool Works Inc. (NYSE:ITW) by 17.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,062 shares of the industrial products company’s stock after selling 3,603 shares during the period. Douglas Lane & Associates LLC’s holdings in Illinois Tool Works were worth $4,202,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ITW. Caisse de depot et placement du Quebec lifted its holdings in Illinois Tool Works by 293.0% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 424,547 shares of the industrial products company’s stock valued at $110,705,000 after purchasing an additional 316,512 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Illinois Tool Works by 316.3% in the 4th quarter. SG Americas Securities LLC now owns 366,012 shares of the industrial products company’s stock valued at $90,149,000 after purchasing an additional 278,085 shares in the last quarter. Marshall Wace LLP lifted its holdings in Illinois Tool Works by 161.3% in the 3rd quarter. Marshall Wace LLP now owns 400,152 shares of the industrial products company’s stock valued at $104,344,000 after purchasing an additional 246,994 shares in the last quarter. Danske Bank A S purchased a new position in Illinois Tool Works in the 3rd quarter valued at $46,737,000. Finally, JPMorgan Chase & Co. lifted its holdings in Illinois Tool Works by 15.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,156,043 shares of the industrial products company’s stock valued at $301,467,000 after purchasing an additional 155,105 shares in the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Down 1.0%

Shares of ITW opened at $270.50 on Friday. Illinois Tool Works Inc. has a 52-week low of $223.69 and a 52-week high of $303.15. The company has a market capitalization of $77.93 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 14.62 and a beta of 1.13. The stock has a fifty day simple moving average of $277.26 and a two-hundred day simple moving average of $260.54. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 2.07.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.03. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.07 billion. During the same period last year, the company earned $2.54 EPS. The company’s revenue for the quarter 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, equities analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Tuesday, March 31st were given 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 was Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio (DPR) is presently 61.39%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ITW shares. The Goldman Sachs Group restated a “sell” rating and issued a $253.00 price objective on shares of Illinois Tool Works in a report on Tuesday, February 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. Wolfe Research raised their target price on Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a research note on Friday, February 27th. Wells Fargo & Company cut their target price on Illinois Tool Works from $270.00 to $245.00 and set an “underweight” rating for the company in a research note on Wednesday, April 1st. Finally, Robert W. Baird set a $278.00 target price on Illinois Tool Works in a research note on Wednesday, February 4th. Two research 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. According to data from MarketBeat, Illinois Tool Works presently has a consensus rating of “Reduce” and a consensus target price of $270.00.

Insider Transactions at Illinois Tool Works

In related news, 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 transaction of $1,225,599.06. Following the completion of the sale, the executive vice president directly owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. This trade represents a 42.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the firm’s 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 sale, the director directly owned 258,766 shares of the company’s stock, valued at $75,282,792.38. The trade was a 39.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.83% of the stock is currently owned by company insiders.

Illinois Tool Works 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.