Caprock Group LLC Purchases Shares of 9,262 Illinois Tool Works Inc. $ITW

Caprock Group LLC bought a new position in Illinois Tool Works Inc. (NYSE:ITW) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,262 shares of the industrial products company’s stock, valued at approximately $2,451,000.

A number of other institutional investors also recently modified their holdings of the company. AE Wealth Management LLC lifted its stake in Illinois Tool Works by 128.4% in the 3rd quarter. AE Wealth Management LLC now owns 9,128 shares of the industrial products company’s stock valued at $2,380,000 after acquiring an additional 5,131 shares in the last quarter. Mediolanum International Funds Ltd raised its holdings in shares of Illinois Tool Works by 10.4% in the third quarter. Mediolanum International Funds Ltd now owns 103,161 shares of the industrial products company’s stock valued at $26,964,000 after purchasing an additional 9,738 shares during the last quarter. Brendel Financial Advisors LLC lifted its position in shares of Illinois Tool Works by 1,328.6% in the third quarter. Brendel Financial Advisors LLC now owns 13,929 shares of the industrial products company’s stock worth $3,632,000 after purchasing an additional 12,954 shares in the last quarter. Davis Capital Management acquired a new position in Illinois Tool Works during the third quarter worth $1,162,000. Finally, Madison Asset Management LLC grew its position in Illinois Tool Works by 411.8% in the third quarter. Madison Asset Management LLC now owns 87,875 shares of the industrial products company’s stock valued at $22,914,000 after purchasing an additional 70,704 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of the stock in a transaction dated Wednesday, February 4th. The shares were 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 of the company’s stock, valued at $75,282,792.38. This represents a 39.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Axel Beck sold 4,223 shares of the business’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 value of $1,225,599.06. Following the sale, the executive vice president 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 disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by corporate insiders.

Illinois Tool Works Stock Up 0.1%

ITW stock opened at $298.27 on Friday. Illinois Tool Works Inc. has a 1-year low of $214.66 and a 1-year high of $303.16. The business’s 50 day simple moving average is $260.52 and its 200 day simple moving average is $256.79. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $86.53 billion, a PE ratio of 28.43, a PEG ratio of 15.96 and a beta of 1.15.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data 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 firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. As a group, research analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ITW shares. Wells Fargo & Company increased their price objective on shares of Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 4th. The Goldman Sachs Group reissued a “sell” rating and set a $253.00 price target on shares of Illinois Tool Works in a research report on Tuesday, February 3rd. Wolfe Research decreased their price target on Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating for the company in a research note on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and set a $285.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Finally, Truist Financial raised their target price on shares of Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average 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.