E. Ohman J or Asset Management AB Sells 4,540 Shares of Illinois Tool Works Inc. $ITW

E. Ohman J or Asset Management AB reduced its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 37.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,537 shares of the industrial products company’s stock after selling 4,540 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Illinois Tool Works were worth $1,856,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Corsicana & Co. bought a new stake in shares of Illinois Tool Works during the third quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Illinois Tool Works by 103.3% in 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 in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Illinois Tool Works in the 2nd quarter valued at $31,000. True Wealth Design LLC increased its stake in 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 valued at $36,000 after purchasing an additional 106 shares in the last quarter. Finally, MTM Investment Management LLC raised its holdings in Illinois Tool Works by 70.5% during the third quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock worth $42,000 after buying an additional 67 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

ITW stock opened at $265.12 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 2.07. The firm has a market cap of $76.41 billion, a PE ratio of 25.27, a P/E/G ratio of 14.04 and a beta of 1.13. The business has a 50 day moving average of $276.65 and a 200-day moving average of $260.59. Illinois Tool Works Inc. has a 12-month low of $214.66 and a 12-month high of $303.15.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results 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 return on equity of 95.16% and a net margin of 19.11%.The business 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 posted $2.54 earnings per share. Illinois Tool Works’s quarterly 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. As a group, sell-side analysts expect that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Announces Dividend

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 paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s payout ratio is presently 61.39%.

Analyst Upgrades and Downgrades

ITW has been the topic of a number of recent research reports. Truist Financial raised their price objective on shares of Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research note on Wednesday, February 4th. Citigroup upped their target price on shares of Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Barclays raised their price target on shares of Illinois Tool Works from $244.00 to $275.00 and gave the company an “underweight” rating in a research report on Monday, February 9th. Robert W. Baird set a $278.00 price objective on Illinois Tool Works in a report on Wednesday, February 4th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Illinois Tool Works currently has an average rating of “Reduce” and an average price target of $275.69.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works stock in a transaction dated 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 sale, the director 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Axel Beck sold 4,223 shares of the business’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. 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.