Illinois Tool Works Inc. $ITW Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its stake in Illinois Tool Works Inc. (NYSE:ITW) by 41.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,046 shares of the industrial products company’s stock after acquiring an additional 2,943 shares during the period. Ritholtz Wealth Management’s holdings in Illinois Tool Works were worth $2,474,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Corsicana & Co. acquired a new position in Illinois Tool Works in the 3rd quarter valued at about $26,000. Lodestone Wealth Management LLC acquired a new position in Illinois Tool Works in the 4th quarter valued at about $28,000. Beacon Financial Strategies CORP acquired a new position in Illinois Tool Works in the 4th quarter valued at about $29,000. True Wealth Design LLC increased its position in Illinois Tool Works by 341.9% in the 3rd quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 106 shares during the period. Finally, MTM Investment Management LLC increased its position in Illinois Tool Works by 70.5% in the 3rd quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 67 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.

Insider Activity at Illinois Tool Works

In other news, Director Ernest Scott Santi sold 167,345 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the sale, the director owned 258,766 shares of the company’s stock, valued at $75,282,792.38. The trade was a 39.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Axel Beck sold 4,223 shares of the business’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 SEC filing for this sale provides additional information. 0.83% of the stock is owned by insiders.

Illinois Tool Works Price Performance

Shares of NYSE:ITW opened at $270.50 on Monday. The business’s 50 day simple moving average is $277.26 and its 200-day simple moving average is $260.54. The firm has a market capitalization of $77.93 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 14.47 and a beta of 1.13. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. Illinois Tool Works Inc. has a 12 month low of $223.69 and a 12 month 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, topping the consensus estimate of $2.69 by $0.03. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.54 EPS. 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 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st were paid a dividend of $1.61 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $6.44 annualized dividend and a dividend yield of 2.4%. Illinois Tool Works’s payout ratio is 61.39%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ITW shares. Citigroup boosted their target price on 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 target price on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Wolfe Research boosted their target price on Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a research report on Friday, February 27th. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $253.00 target price on shares of Illinois Tool Works in a research report on Tuesday, February 3rd. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $270.00.

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.