GSA Capital Partners LLP Sells 4,020 Shares of Illinois Tool Works Inc. $ITW

GSA Capital Partners LLP cut its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 70.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,712 shares of the industrial products company’s stock after selling 4,020 shares during the quarter. GSA Capital Partners LLP’s holdings in Illinois Tool Works were worth $446,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ITW. AE Wealth Management LLC grew its stake in shares of Illinois Tool Works by 128.4% in the third quarter. AE Wealth Management LLC now owns 9,128 shares of the industrial products company’s stock valued at $2,380,000 after buying an additional 5,131 shares in the last quarter. Mediolanum International Funds Ltd lifted its stake in Illinois Tool Works by 10.4% in the third quarter. Mediolanum International Funds Ltd now owns 103,161 shares of the industrial products company’s stock valued at $26,964,000 after acquiring an additional 9,738 shares during the last quarter. Brendel Financial Advisors LLC grew its position in shares of Illinois Tool Works by 1,328.6% in the 3rd quarter. Brendel Financial Advisors LLC now owns 13,929 shares of the industrial products company’s stock valued at $3,632,000 after acquiring an additional 12,954 shares during the period. Madison Asset Management LLC increased its stake in shares of Illinois Tool Works by 411.8% during the 3rd quarter. Madison Asset Management LLC now owns 87,875 shares of the industrial products company’s stock worth $22,914,000 after purchasing an additional 70,704 shares during the last quarter. Finally, Davis Capital Management bought a new stake in shares of Illinois Tool Works in the 3rd quarter valued at about $1,162,000. Institutional investors own 79.77% of the company’s stock.

Insider Activity at Illinois Tool Works

In other news, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works 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 completion of the sale, the director directly owned 258,766 shares in the company, 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 this link. Also, EVP Axel Beck sold 4,223 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $290.22, for a total value 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 approximately $1,680,083.58. This trade represents a 42.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by company insiders.

Illinois Tool Works Stock Performance

Shares of NYSE ITW opened at $294.41 on Wednesday. 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 cap of $84.85 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 15.70 and a beta of 1.15. The stock’s fifty day moving average price is $267.41 and its two-hundred day moving average price is $259.04. Illinois Tool Works Inc. has a one year low of $214.66 and a one year high of $303.15.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.07 billion. During the same quarter in the previous year, the business posted $2.54 earnings per share. Illinois Tool Works’s quarterly 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. On average, equities analysts forecast 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. Shareholders of record on Tuesday, March 31st will be given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is presently 61.39%.

Analysts Set New Price Targets

A number of equities analysts recently commented on ITW shares. The Goldman Sachs Group reiterated a “sell” rating and set a $253.00 price target on shares of Illinois Tool Works in a report on Tuesday, February 3rd. Wolfe Research cut their price objective on Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating for the company in a research report on Wednesday, February 4th. Citigroup boosted their target price on Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Truist Financial increased their price target on Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research note on Wednesday, February 4th. Finally, Robert W. Baird set a $278.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $272.92.

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.