Illinois Tool Works Inc. $ITW Shares Sold by Alecta Tjanstepension Omsesidigt

Alecta Tjanstepension Omsesidigt cut its stake in Illinois Tool Works Inc. (NYSE:ITW) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,155,900 shares of the industrial products company’s stock after selling 80,700 shares during the period. Illinois Tool Works makes up approximately 1.3% of Alecta Tjanstepension Omsesidigt’s investment portfolio, making the stock its 24th biggest position. Alecta Tjanstepension Omsesidigt owned approximately 0.40% of Illinois Tool Works worth $301,343,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Corsicana & Co. acquired a new position in Illinois Tool Works during the third quarter worth about $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Illinois Tool Works in the 2nd quarter valued at about $31,000. Vermillion & White Wealth Management Group LLC boosted its position in shares of 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 valued at $31,000 after purchasing an additional 63 shares in the last quarter. True Wealth Design LLC grew its stake in shares of 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 worth $36,000 after purchasing an additional 106 shares during the last quarter. Finally, MTM Investment Management LLC raised 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 worth $42,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

Analyst Upgrades and Downgrades

ITW has been the subject of several recent research reports. Wolfe Research increased their target price on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research note on Friday, February 27th. Barclays upped their price target on Illinois Tool Works from $244.00 to $275.00 and gave the company an “underweight” rating in a report on Monday, February 9th. Wells Fargo & Company increased their price objective on Illinois Tool Works from $250.00 to $270.00 and gave the company an “underweight” rating in a research report on Wednesday, February 4th. The Goldman Sachs Group reissued a “sell” rating and set a $253.00 price objective on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Finally, Citigroup boosted their target price on Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $275.69.

Illinois Tool Works Stock Down 2.6%

ITW stock opened at $260.86 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 firm has a market capitalization of $75.18 billion, a P/E ratio of 24.87, a P/E/G ratio of 14.31 and a beta of 1.13. Illinois Tool Works Inc. has a 52-week low of $214.66 and a 52-week high of $303.15. The company’s 50 day simple moving average is $276.13 and its 200-day simple moving average is $260.67.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.07 billion. During the same quarter last year, the business posted $2.54 EPS. The company’s revenue 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. As a group, equities research analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS 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. Stockholders of record on Tuesday, March 31st will be given a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio (DPR) is 61.39%.

Insiders Place Their Bets

In related news, Director Ernest Scott Santi sold 167,345 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was 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 of the company’s stock, valued at approximately $75,282,792.38. The trade was a 39.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Axel Beck sold 4,223 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $290.22, for a total value of $1,225,599.06. Following the sale, 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 disclosure for this sale is available in the SEC filing. Insiders own 0.88% of the company’s stock.

About Illinois Tool Works

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.