Rhumbline Advisers Increases Stake in Illinois Tool Works Inc. $ITW

Rhumbline Advisers lifted its stake in Illinois Tool Works Inc. (NYSE:ITW) by 1.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 528,039 shares of the industrial products company’s stock after buying an additional 6,142 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Illinois Tool Works worth $137,691,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of ITW. Brighton Jones LLC increased its holdings in shares of Illinois Tool Works by 5.3% in the fourth quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock worth $1,399,000 after purchasing an additional 277 shares during the last quarter. Bison Wealth LLC increased its stake in Illinois Tool Works by 2.3% in the 4th 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 raised its holdings in shares of 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 worth $257,000 after acquiring an additional 177 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Illinois Tool Works by 2.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 31,183 shares of the industrial products company’s stock valued at $7,958,000 after acquiring an additional 725 shares during the last quarter. Finally, Cornerstone Wealth Group LLC purchased a new position in shares of Illinois Tool Works in the second quarter valued at $221,000. 79.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ITW shares. Robert W. Baird set a $278.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Bank of America raised shares of Illinois Tool Works from an “underperform” rating to a “neutral” rating and increased their price target for the company from $220.00 to $255.00 in a report on Tuesday, November 18th. Evercore dropped their price target on Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating for the company in a research report on Monday, November 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Finally, Citigroup lifted 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. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $272.92.

Insider Buying and Selling

In other news, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works 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 directly owned 258,766 shares in the company, valued at approximately $75,282,792.38. This trade represents a 39.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $290.22, for a total value of $1,225,599.06. Following the sale, the executive vice president owned 5,789 shares of the company’s stock, valued at $1,680,083.58. This trade represents a 42.18% 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 company insiders.

Illinois Tool Works Stock Performance

Shares of NYSE:ITW opened at $298.07 on Thursday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.89 and a current ratio of 1.21. The firm’s 50 day simple moving average is $259.54 and its 200-day simple moving average is $256.50. The firm has a market cap of $86.47 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 15.76 and a beta of 1.15. Illinois Tool Works Inc. has a one year low of $214.66 and a one year high of $299.90.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.69 by $0.03. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same quarter last year, the firm posted $2.54 earnings per share. The business’s revenue for the quarter 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. As a group, equities analysts predict that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

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.