Illinois Tool Works Inc. $ITW Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lowered its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 88.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,135 shares of the industrial products company’s stock after selling 213,407 shares during the quarter. Bessemer Group Inc.’s holdings in Illinois Tool Works were worth $7,597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ITW. AE Wealth Management LLC raised its position in Illinois Tool Works by 128.4% during the third quarter. AE Wealth Management LLC now owns 9,128 shares of the industrial products company’s stock worth $2,380,000 after acquiring an additional 5,131 shares during the last quarter. Brendel Financial Advisors LLC increased its stake in shares of Illinois Tool Works by 1,328.6% during the 3rd quarter. Brendel Financial Advisors LLC now owns 13,929 shares of the industrial products company’s stock worth $3,632,000 after purchasing an additional 12,954 shares in the last quarter. Mediolanum International Funds Ltd raised its position in shares of Illinois Tool Works by 10.4% during the 3rd quarter. Mediolanum International Funds Ltd now owns 103,161 shares of the industrial products company’s stock worth $26,964,000 after purchasing an additional 9,738 shares during the last quarter. Davis Capital Management purchased a new stake in Illinois Tool Works in the 3rd quarter valued at approximately $1,162,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Illinois Tool Works by 20.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 37,423 shares of the industrial products company’s stock valued at $9,727,000 after buying an additional 6,240 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Wall Street Analysts Forecast Growth

ITW has been the topic of a number of analyst reports. Citigroup increased their price objective on Illinois Tool Works from $271.00 to $284.00 and gave the company a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Illinois Tool Works from $275.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday. UBS Group reissued a “neutral” rating and issued a $285.00 price objective on shares of Illinois Tool Works in a research report on Wednesday. The Goldman Sachs Group restated a “sell” rating and set a $253.00 target price on shares of Illinois Tool Works in a research report on Tuesday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Illinois Tool Works in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Illinois Tool Works has a consensus rating of “Reduce” and an average price target of $270.54.

Illinois Tool Works Trading Up 1.9%

ITW stock opened at $293.63 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 2.07. The company has a market cap of $85.18 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 15.78 and a beta of 1.15. The business has a fifty day simple moving average of $256.81 and a 200-day simple moving average of $255.83. Illinois Tool Works Inc. has a 52 week low of $214.66 and a 52 week high of $294.79.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.69 by $0.03. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. Illinois Tool Works’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, equities research analysts expect that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Insiders Place Their Bets

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of the company’s 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 completion of the transaction, the director directly owned 258,766 shares of the company’s stock, valued at $75,282,792.38. This represents a 39.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.