Insider Selling: Illinois Tool Works (NYSE:ITW) EVP Sells $1,225,599.06 in Stock

Illinois Tool Works Inc. (NYSE:ITW) EVP Axel Beck sold 4,223 shares of the stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Illinois Tool Works Trading Up 1.3%

NYSE:ITW opened at $298.07 on Thursday. The company has a market capitalization of $86.47 billion, a P/E ratio of 28.41, a PEG ratio of 15.76 and a beta of 1.15. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07. Illinois Tool Works Inc. has a 12 month low of $214.66 and a 12 month high of $299.90. The firm has a fifty day simple moving average of $259.54 and a 200-day simple moving average of $256.50.

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

Analyst Upgrades and Downgrades

ITW has been the subject of several recent research reports. Evercore cut their target price on shares of Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating for the company in a report on Monday, November 17th. Truist Financial lifted their price objective on shares of Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. increased their target price 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, February 4th. Barclays raised their target price on Illinois Tool Works from $244.00 to $275.00 and gave the company an “underweight” rating in a research report on Monday. Finally, Bank of America raised Illinois Tool Works from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $220.00 to $255.00 in a report on Tuesday, November 18th. Two 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. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $272.92.

Hedge Funds Weigh In On Illinois Tool Works

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Illinois Tool Works by 5.3% during the fourth quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock worth $1,399,000 after buying an additional 277 shares in the last quarter. Bison Wealth LLC boosted its position in Illinois Tool Works by 2.3% during the fourth quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock worth $901,000 after acquiring an additional 81 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Illinois Tool Works by 20.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company’s stock valued at $257,000 after acquiring an additional 177 shares in the last quarter. Callan Family Office LLC lifted its stake in Illinois Tool Works by 136.8% in the 2nd quarter. Callan Family Office LLC now owns 5,744 shares of the industrial products company’s stock worth $1,420,000 after purchasing an additional 3,318 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC lifted its stake in Illinois Tool Works by 6.4% in the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 2,492 shares of the industrial products company’s stock worth $620,000 after purchasing an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

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.