CreativeOne Wealth LLC Increases Stake in Illinois Tool Works Inc. $ITW

CreativeOne Wealth LLC raised its stake in Illinois Tool Works Inc. (NYSE:ITW) by 173.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,576 shares of the industrial products company’s stock after purchasing an additional 3,540 shares during the quarter. CreativeOne Wealth LLC’s holdings in Illinois Tool Works were worth $1,454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Illinois Tool Works by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 26,723,774 shares of the industrial products company’s stock valued at $6,607,453,000 after buying an additional 335,955 shares during the period. State Street Corp increased its position in shares of Illinois Tool Works by 0.9% in the second quarter. State Street Corp now owns 12,476,310 shares of the industrial products company’s stock valued at $3,103,167,000 after acquiring an additional 108,919 shares during the period. Geode Capital Management LLC raised its stake in shares of Illinois Tool Works by 1.9% during the second quarter. Geode Capital Management LLC now owns 6,765,540 shares of the industrial products company’s stock valued at $1,670,246,000 after acquiring an additional 122,990 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Illinois Tool Works by 12.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,797,055 shares of the industrial products company’s stock worth $938,822,000 after purchasing an additional 415,982 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of Illinois Tool Works by 1.5% during the third quarter. Fisher Asset Management LLC now owns 3,650,562 shares of the industrial products company’s stock worth $951,921,000 after purchasing an additional 55,416 shares during the period. Institutional investors own 79.77% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ernest Scott Santi sold 167,345 shares of the business’s stock in a transaction 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 sale, the director owned 258,766 shares in the company, valued at approximately $75,282,792.38. The trade was a 39.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Axel Beck sold 4,223 shares of the 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 transaction, the executive vice president owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. The trade was a 42.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.88% of the stock is currently owned by corporate insiders.

Illinois Tool Works Stock Performance

Shares of ITW opened at $273.16 on Wednesday. The company has a 50-day simple moving average of $273.96 and a two-hundred day simple moving average of $260.61. 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 firm has a market capitalization of $78.72 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 14.80 and a beta of 1.13. Illinois Tool Works Inc. has a one year low of $214.66 and a one year high of $303.15.

Illinois Tool Works (NYSE:ITW) last posted 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. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.07 billion. During the same quarter in the prior year, the business earned $2.54 EPS. The business’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. On average, analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ITW. Wells Fargo & Company boosted their price target on Illinois Tool Works from $250.00 to $270.00 and gave the company an “underweight” rating in a report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. Wolfe Research boosted their target price on Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research note on Friday, February 27th. Evercore decreased their target price on Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating for the company in a report on Monday, November 17th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $253.00 price target on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $275.69.

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.