Confluence Investment Management LLC Has $53.18 Million Holdings in Illinois Tool Works Inc. $ITW

Confluence Investment Management LLC decreased its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,911 shares of the industrial products company’s stock after selling 7,005 shares during the period. Confluence Investment Management LLC owned about 0.07% of Illinois Tool Works worth $53,179,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ITW. Norges Bank purchased a new position in Illinois Tool Works during the second quarter valued at approximately $821,888,000. Laurel Wealth Advisors LLC lifted its position in Illinois Tool Works by 24,625.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 343,431 shares of the industrial products company’s stock worth $84,913,000 after buying an additional 342,042 shares in the last quarter. Caisse de depot et placement du Quebec boosted its stake in shares of Illinois Tool Works by 293.0% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 424,547 shares of the industrial products company’s stock valued at $110,705,000 after buying an additional 316,512 shares during the period. Marshall Wace LLP grew its holdings in shares of Illinois Tool Works by 161.3% during the 3rd quarter. Marshall Wace LLP now owns 400,152 shares of the industrial products company’s stock valued at $104,344,000 after acquiring an additional 246,994 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Illinois Tool Works by 9.1% during the 2nd quarter. Invesco Ltd. now owns 2,220,345 shares of the industrial products company’s stock valued at $548,980,000 after acquiring an additional 185,416 shares in the last quarter. 79.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ITW has been the subject of several recent research reports. The Goldman Sachs Group reiterated a “sell” rating and set a $253.00 price objective on shares of Illinois Tool Works in a report on Tuesday, February 3rd. UBS Group restated a “neutral” rating and issued a $285.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Wolfe Research raised their price target on Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a research note on Friday, February 27th. Wells Fargo & Company lifted 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. Finally, JPMorgan Chase & Co. boosted their price target on Illinois Tool Works from $310.00 to $327.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. 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.com, the company currently has an average rating of “Reduce” and an average price target of $275.69.

Illinois Tool Works Trading Down 0.0%

Shares of NYSE:ITW opened at $260.65 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07. The stock has a market capitalization of $75.12 billion, a PE ratio of 24.85, a P/E/G ratio of 13.93 and a beta of 1.13. Illinois Tool Works Inc. has a 1 year low of $214.66 and a 1 year high of $303.15. The firm has a fifty day moving average price of $276.27 and a 200 day moving average price of $260.67.

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, beating the consensus estimate 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 company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same period last year, the company earned $2.54 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Analysts expect that Illinois Tool Works Inc. will post 10.39 EPS 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 paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis 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 presently 61.39%.

Insider Activity 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 that occurred on 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 sale, the executive vice president owned 5,789 shares of the company’s stock, valued at $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ernest Scott Santi sold 167,345 shares of the 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 transaction, the director owned 258,766 shares in the company, valued at approximately $75,282,792.38. This trade represents a 39.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by insiders.

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.