Illinois Tool Works Inc. $ITW Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. cut its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 9.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,987 shares of the industrial products company’s stock after selling 2,655 shares during the quarter. Bessemer Group Inc.’s holdings in Illinois Tool Works were worth $7,023,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SteelPeak Wealth LLC acquired a new position in shares of Illinois Tool Works in the 1st quarter valued at about $208,000. Thayer Partners LLC MA raised its stake in Illinois Tool Works by 4.4% during the first quarter. Thayer Partners LLC MA now owns 1,157 shares of the industrial products company’s stock worth $301,000 after acquiring an additional 49 shares during the period. Independent Financial Group LLC bought a new position in Illinois Tool Works in the first quarter worth about $207,000. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Illinois Tool Works in the first quarter valued at approximately $19,878,000. Finally, Wealthfront Advisers LLC boosted its stake in Illinois Tool Works by 11.3% in the first quarter. Wealthfront Advisers LLC now owns 55,980 shares of the industrial products company’s stock valued at $14,571,000 after acquiring an additional 5,698 shares during the period. Institutional investors own 79.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Illinois Tool Works from $295.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Weiss Ratings downgraded Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Evercore dropped their target price on Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Wolfe Research reiterated an “underperform” rating and issued a $286.00 target price on shares of Illinois Tool Works in a research note on Thursday, July 9th. Finally, Barclays reduced their price target on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $274.00.

Illinois Tool Works Stock Up 0.0%

Shares of Illinois Tool Works stock opened at $276.19 on Monday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86. Illinois Tool Works Inc. has a 1-year low of $238.82 and a 1-year high of $303.15. The business’s fifty day moving average price is $259.88 and its two-hundred day moving average price is $266.13. The company has a market capitalization of $79.46 billion, a P/E ratio of 25.64, a PEG ratio of 4.74 and a beta of 1.00.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.09. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the prior year, the business posted $2.38 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, research analysts forecast that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio (DPR) is presently 59.80%.

Insider Activity

In other news, Director Jennifer F. Scanlon acquired 806 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average price of $247.99 per share, with a total value of $199,879.94. Following the purchase, the director owned 1,652 shares of the company’s stock, valued at approximately $409,679.48. This represents a 95.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.83% of the company’s stock.

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.