Smartleaf Asset Management LLC Raises Stake in Illinois Tool Works Inc. $ITW

Smartleaf Asset Management LLC boosted its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 36.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,606 shares of the industrial products company’s stock after buying an additional 2,048 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Illinois Tool Works were worth $1,988,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Frazier Financial Advisors LLC bought a new position in Illinois Tool Works during the second quarter valued at $25,000. Corsicana & Co. purchased a new position in shares of Illinois Tool Works during the 3rd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Illinois Tool Works during the 2nd quarter worth $31,000. Vermillion & White Wealth Management Group LLC increased its holdings in Illinois Tool Works by 103.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 63 shares during the last quarter. Finally, True Wealth Design LLC raised its stake 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. Institutional investors own 79.77% of the company’s stock.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of the business’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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.88% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Illinois Tool Works from $275.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Barclays boosted their target price on shares of Illinois Tool Works from $243.00 to $244.00 and gave the company an “underweight” rating in a report on Monday, October 27th. Wells Fargo & Company increased their target price on Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” rating in a research report on Wednesday. Wolfe Research reduced their price target on Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating for the company in a research report on Wednesday, February 4th. Finally, Bank of America raised Illinois Tool Works from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $220.00 to $255.00 in a report on Tuesday, November 18th. Two equities research 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 company has a consensus rating of “Reduce” and an average target price of $270.54.

Illinois Tool Works Price Performance

NYSE:ITW opened at $293.63 on Monday. Illinois Tool Works Inc. has a 52-week low of $214.66 and a 52-week high of $294.79. The stock has a fifty day moving average of $256.81 and a 200 day moving average of $255.78. 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 firm has a market capitalization of $85.18 billion, a price-to-earnings ratio of 27.99, a P/E/G ratio of 15.72 and a beta of 1.15.

Illinois Tool Works (NYSE:ITW) last announced its earnings results 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 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% compared to the same quarter last year. During the same period in the prior 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 expect that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

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.