Cerity Partners LLC Sells 80,560 Shares of Illinois Tool Works Inc. $ITW

Cerity Partners LLC decreased its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 8.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 841,877 shares of the industrial products company’s stock after selling 80,560 shares during the quarter. Cerity Partners LLC’s holdings in Illinois Tool Works were worth $207,354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. grew its stake in shares of Illinois Tool Works by 5.2% during the 4th quarter. Franklin Resources Inc. now owns 874,868 shares of the industrial products company’s stock worth $215,480,000 after acquiring an additional 43,101 shares during the period. Erste Asset Management GmbH grew its stake in shares of Illinois Tool Works by 14.8% during the 4th quarter. Erste Asset Management GmbH now owns 5,477 shares of the industrial products company’s stock worth $1,381,000 after acquiring an additional 706 shares during the period. Brandywine Global Investment Management LLC bought a new position in shares of Illinois Tool Works during the 4th quarter worth $30,969,000. O Shaughnessy Asset Management LLC grew its stake in shares of Illinois Tool Works by 6.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 79,931 shares of the industrial products company’s stock worth $19,687,000 after acquiring an additional 4,824 shares during the period. Finally, Manchester Capital Management LLC grew its stake in shares of Illinois Tool Works by 32.3% during the 4th quarter. Manchester Capital Management LLC now owns 2,701 shares of the industrial products company’s stock worth $665,000 after acquiring an additional 659 shares during the period. Institutional investors own 79.77% of the company’s stock.

Insider Buying and Selling at Illinois Tool Works

In other Illinois Tool Works news, Director Jennifer F. Scanlon purchased 806 shares of the stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average price of $247.99 per share, with a total value of $199,879.94. Following the acquisition, the director directly owned 1,652 shares in the company, valued at approximately $409,679.48. The trade was a 95.27% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.83% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Weiss Ratings downgraded Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Citigroup increased their price objective on Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Wells Fargo & Company increased their price objective on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a report on Monday, May 4th. Wolfe Research increased their price objective on Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a report on Friday, February 27th. Finally, Barclays dropped their price objective on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a report on Wednesday, April 1st. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $271.92.

Illinois Tool Works Stock Performance

Shares of ITW opened at $252.60 on Tuesday. The stock’s 50-day simple moving average is $258.50 and its 200 day simple moving average is $262.68. The stock has a market capitalization of $72.67 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 4.34 and a beta of 1.01. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. Illinois Tool Works Inc. has a 52-week low of $238.82 and a 52-week high of $303.15.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.09. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the firm posted $2.38 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Research analysts forecast that Illinois Tool Works Inc. will post 11.37 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a $1.61 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.5%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 59.80%.

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.