Chesley Taft & Associates LLC Sells 2,083 Shares of Illinois Tool Works Inc. $ITW

Chesley Taft & Associates LLC decreased its position in Illinois Tool Works Inc. (NYSE:ITW) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,259 shares of the industrial products company’s stock after selling 2,083 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Illinois Tool Works were worth $19,275,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp grew its holdings in shares of Illinois Tool Works by 0.9% during the second quarter. State Street Corp now owns 12,476,310 shares of the industrial products company’s stock worth $3,103,167,000 after buying an additional 108,919 shares in the last quarter. Capital Research Global Investors lifted its stake in Illinois Tool Works by 3.0% in the 3rd quarter. Capital Research Global Investors now owns 4,493,555 shares of the industrial products company’s stock valued at $1,171,740,000 after acquiring an additional 131,702 shares in the last quarter. Fisher Asset Management LLC boosted its position in Illinois Tool Works by 1.5% during the 3rd quarter. Fisher Asset Management LLC now owns 3,650,562 shares of the industrial products company’s stock worth $951,921,000 after acquiring an additional 55,416 shares during the last quarter. Norges Bank bought a new position in shares of Illinois Tool Works during the 2nd quarter worth approximately $821,888,000. Finally, Ameriprise Financial Inc. grew its stake in shares of Illinois Tool Works by 1.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,587,639 shares of the industrial products company’s stock worth $674,871,000 after acquiring an additional 33,171 shares in the last quarter. 79.77% of the stock is owned by institutional investors and hedge funds.

Illinois Tool Works Price Performance

NYSE:ITW opened at $258.48 on Friday. The stock has a market capitalization of $74.49 billion, a PE ratio of 24.64, a P/E/G ratio of 13.84 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 simple moving average of $276.69 and a 200 day simple moving average of $260.56. 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 (NYSE:ITW) last posted its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same period in the prior year, the firm posted $2.54 earnings per share. The company’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. On average, research analysts expect that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The company also recently announced 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 2.5%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio (DPR) is 61.39%.

Insider Transactions at Illinois Tool Works

In related news, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works stock in a transaction dated 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Axel Beck sold 4,223 shares of the business’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 value of $1,225,599.06. Following the transaction, the executive vice president directly owned 5,789 shares in the company, valued at approximately $1,680,083.58. This trade represents a 42.18% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on ITW shares. Wells Fargo & Company boosted their price objective on shares of Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. raised their target price on shares of Illinois Tool Works from $310.00 to $327.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Barclays boosted their price target on shares of Illinois Tool Works from $244.00 to $275.00 and gave the stock an “underweight” rating in a research report on Monday, February 9th. The Goldman Sachs Group restated 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, Wolfe Research raised their price objective on Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a report on Friday, February 27th. Two equities research 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, Illinois Tool Works has a consensus rating of “Reduce” and a consensus target price of $275.69.

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.