Cozad Asset Management Inc. Cuts Stock Position in Illinois Tool Works Inc. $ITW

Cozad Asset Management Inc. trimmed its position in Illinois Tool Works Inc. (NYSE:ITW) by 31.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,067 shares of the industrial products company’s stock after selling 1,874 shares during the period. Cozad Asset Management Inc.’s holdings in Illinois Tool Works were worth $1,061,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Corsicana & Co. acquired a new position in shares of Illinois Tool Works during the third quarter worth about $26,000. Vermillion & White Wealth Management Group LLC increased its position in Illinois Tool Works by 103.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 63 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in Illinois Tool Works during the 2nd quarter worth approximately $31,000. True Wealth Design LLC raised its stake in shares of Illinois Tool Works by 341.9% during the 3rd quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock worth $36,000 after buying an additional 106 shares in the last quarter. Finally, MTM Investment Management LLC lifted its holdings in shares of 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 buying an additional 67 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Insider Activity

In other news, EVP Axel Beck sold 4,223 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $290.22, for a total value of $1,225,599.06. Following the completion of the transaction, the executive vice president owned 5,789 shares of the company’s stock, valued at $1,680,083.58. The trade was a 42.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ernest Scott Santi sold 167,345 shares of the company’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 transaction of $48,685,680.85. Following the transaction, the director directly owned 258,766 shares in the company, valued at $75,282,792.38. The trade was 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 Down 1.5%

ITW stock opened at $290.05 on Thursday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. The company’s 50 day simple moving average is $268.16 and its 200-day simple moving average is $259.26. Illinois Tool Works Inc. has a 12 month low of $214.66 and a 12 month high of $303.15. The firm has a market capitalization of $83.59 billion, a PE ratio of 27.65, a P/E/G ratio of 15.77 and a beta of 1.15.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.03. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Equities analysts expect that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 31st will be given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio (DPR) is currently 61.39%.

Wall Street Analyst Weigh In

ITW has been the subject of several research analyst reports. Bank of America upgraded 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 research report on Tuesday, November 18th. JPMorgan Chase & Co. upped their price target 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. Wolfe Research reduced their price objective on shares of Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating for the company in a research note on Wednesday, February 4th. Barclays upped their target price on shares of Illinois Tool Works from $244.00 to $275.00 and gave the stock an “underweight” rating in a research report on Monday, February 9th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $272.92.

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.