Rathbones Group PLC Sells 5,190 Shares of Illinois Tool Works Inc. $ITW

Rathbones Group PLC decreased its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 32.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,772 shares of the industrial products company’s stock after selling 5,190 shares during the quarter. Rathbones Group PLC’s holdings in Illinois Tool Works were worth $2,804,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cresta Advisors Ltd. bought a new position in Illinois Tool Works in the fourth quarter worth approximately $25,000. Motiv8 Investments LLC bought a new stake in shares of Illinois Tool Works during the 4th quarter valued at $27,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Illinois Tool Works in the 4th quarter worth $27,000. Ares Financial Consulting LLC purchased a new stake in shares of Illinois Tool Works in the 4th quarter worth $31,000. Finally, Wilkerson Advisory Group LLC raised its holdings in Illinois Tool Works by 77.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 52 shares during the period. 79.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Jennifer F. Scanlon acquired 806 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was acquired 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 of the company’s stock, valued at approximately $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ITW has been the subject of several recent research reports. Evercore cut their price target on Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $254.00 price objective on shares of Illinois Tool Works in a research note on Thursday, April 30th. JPMorgan Chase & Co. lifted their price objective on Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Truist Financial boosted their price objective on Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Finally, Wolfe Research restated an “underperform” rating and set a $286.00 target price on shares of Illinois Tool Works in a research note on Thursday, July 9th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, Illinois Tool Works has a consensus rating of “Reduce” and a consensus target price of $281.25.

Illinois Tool Works Stock Up 2.3%

Shares of ITW opened at $295.07 on Wednesday. The business’s 50 day moving average is $267.93 and its 200 day moving average is $268.83. The company has a current ratio of 1.11, a quick ratio of 0.81 and a debt-to-equity ratio of 2.26. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15. The company has a market capitalization of $84.89 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 4.87 and a beta of 0.99.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.04. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. Research analysts expect that Illinois Tool Works Inc. will post 11.46 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were paid a $1.61 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $6.44 annualized dividend and a yield of 2.2%. Illinois Tool Works’s payout ratio is presently 58.39%.

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.