Chilton Investment Co. Inc. Buys 4,400 Shares of Illinois Tool Works Inc. $ITW

Chilton Investment Co. Inc. boosted its stake in Illinois Tool Works Inc. (NYSE:ITW) by 214.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,454 shares of the industrial products company’s stock after buying an additional 4,400 shares during the quarter. Chilton Investment Co. Inc.’s holdings in Illinois Tool Works were worth $1,683,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bank of Nova Scotia grew its holdings in shares of Illinois Tool Works by 17.7% in the 3rd quarter. Bank of Nova Scotia now owns 33,348 shares of the industrial products company’s stock worth $8,696,000 after purchasing an additional 5,014 shares during the last quarter. Boothbay Fund Management LLC bought a new position in Illinois Tool Works during the 3rd quarter valued at about $367,000. Alliancebernstein L.P. boosted its position in Illinois Tool Works by 12.9% in the third quarter. Alliancebernstein L.P. now owns 315,601 shares of the industrial products company’s stock valued at $82,296,000 after buying an additional 36,162 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Illinois Tool Works by 1.3% in the third quarter. Ameriprise Financial Inc. now owns 2,587,639 shares of the industrial products company’s stock valued at $674,871,000 after buying an additional 33,171 shares in the last quarter. Finally, Creative Planning grew its stake in Illinois Tool Works by 7.7% during the third quarter. Creative Planning now owns 89,336 shares of the industrial products company’s stock worth $23,295,000 after buying an additional 6,417 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Illinois Tool Works Stock Performance

Shares of NYSE:ITW opened at $267.09 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07. Illinois Tool Works Inc. has a 1-year low of $214.66 and a 1-year high of $303.15. The stock has a market capitalization of $76.97 billion, a P/E ratio of 25.46, a P/E/G ratio of 14.29 and a beta of 1.12. The business has a 50-day moving average price of $275.20 and a two-hundred day moving average price of $260.63.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.03. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same quarter last year, the firm earned $2.54 EPS. The company’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. Equities analysts predict that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Illinois Tool Works’s payout ratio is currently 61.39%.

Analyst Upgrades and Downgrades

ITW has been the subject of a number of research analyst reports. Citigroup lifted their target price on shares of Illinois Tool Works from $271.00 to $284.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Evercore dropped their price target 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. UBS Group reiterated a “neutral” rating and issued a $285.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, February 4th. The Goldman Sachs Group reissued a “sell” rating and issued a $253.00 price objective on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Finally, Truist Financial raised their target price on Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $275.69.

Insider Buying and Selling at Illinois Tool Works

In other Illinois Tool Works news, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the completion of the sale, the executive vice president owned 5,789 shares in the company, valued at approximately $1,680,083.58. The trade was a 42.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the stock in a transaction 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 directly owned 258,766 shares in the company, valued at approximately $75,282,792.38. This trade represents 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 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.