Illinois Tool Works Inc. $ITW Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 254,122 shares of the industrial products company’s stock after selling 2,267 shares during the period. US Bancorp DE owned approximately 0.09% of Illinois Tool Works worth $66,265,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new position in Illinois Tool Works in the 2nd quarter valued at about $821,888,000. Massachusetts Financial Services Co. MA raised its position in shares of Illinois Tool Works by 12.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,797,055 shares of the industrial products company’s stock valued at $938,822,000 after buying an additional 415,982 shares during the last quarter. Laurel Wealth Advisors LLC lifted its stake in shares of Illinois Tool Works by 24,625.1% during the second quarter. Laurel Wealth Advisors LLC now owns 343,431 shares of the industrial products company’s stock valued at $84,913,000 after buying an additional 342,042 shares during the period. Vanguard Group Inc. boosted its position in Illinois Tool Works by 1.3% during the second quarter. Vanguard Group Inc. now owns 26,723,774 shares of the industrial products company’s stock worth $6,607,453,000 after acquiring an additional 335,955 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Illinois Tool Works by 9.1% in the 2nd quarter. Invesco Ltd. now owns 2,220,345 shares of the industrial products company’s stock worth $548,980,000 after acquiring an additional 185,416 shares during the period. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Illinois Tool Works Trading Up 0.2%

ITW opened at $290.41 on Friday. The stock has a market capitalization of $83.70 billion, a PE ratio of 27.68, a P/E/G ratio of 15.51 and a beta of 1.15. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. Illinois Tool Works Inc. has a 12-month low of $214.66 and a 12-month high of $303.15. The firm’s fifty day moving average price is $268.95 and its 200 day moving average price is $259.47.

Illinois Tool Works (NYSE:ITW) last issued 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. The business 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%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. As a group, 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. Stockholders of record on Tuesday, March 31st will be given a $1.61 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $6.44 annualized dividend and a dividend yield of 2.2%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 61.39%.

Insider Buying and Selling

In related 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 sale, the executive vice president directly owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. This represents a 42.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was 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 $75,282,792.38. This trade represents a 39.27% 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.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ITW shares. Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. Barclays boosted their price target on Illinois Tool Works from $244.00 to $275.00 and gave the stock an “underweight” rating in a research report on Monday, February 9th. Wolfe Research dropped their price objective on shares of Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 4th. The Goldman Sachs Group restated a “sell” rating and issued a $253.00 target price on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Finally, Robert W. Baird set a $278.00 price target on shares of Illinois Tool Works in a research note on Wednesday, February 4th. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $272.92.

Illinois Tool Works 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.