Squarepoint Ops LLC Purchases 24,022 Shares of Illinois Tool Works Inc. $ITW

Squarepoint Ops LLC lifted its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 6.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 384,604 shares of the industrial products company’s stock after purchasing an additional 24,022 shares during the period. Squarepoint Ops LLC’s holdings in Illinois Tool Works were worth $100,289,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Corsicana & Co. bought a new position in Illinois Tool Works during the 3rd quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Illinois Tool Works in the 2nd quarter worth approximately $31,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of Illinois Tool Works by 103.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the industrial products company’s stock valued at $31,000 after buying an additional 63 shares during the period. True Wealth Design LLC raised its holdings in shares of Illinois Tool Works by 341.9% during the third quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 106 shares in the last quarter. Finally, MTM Investment Management LLC lifted its stake in Illinois Tool Works by 70.5% in the third quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 67 shares during the period. 79.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Axel Beck sold 4,223 shares of the 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 directly owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ernest Scott Santi sold 167,345 shares of the firm’s stock in a transaction on 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 owned 258,766 shares of the company’s stock, valued at $75,282,792.38. The trade was a 39.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.88% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on ITW. Barclays lifted their price target on shares of Illinois Tool Works from $244.00 to $275.00 and gave the company an “underweight” rating in a report on Monday, February 9th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $253.00 target price on shares of Illinois Tool Works in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. lifted their target price on shares of Illinois Tool Works from $310.00 to $327.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Evercore decreased their price target on shares of Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating for the company in a research note on Monday, November 17th. Finally, Bank of America upgraded shares of Illinois Tool Works from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $220.00 to $255.00 in a report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $275.69.

Illinois Tool Works Stock Performance

Shares of Illinois Tool Works stock opened at $267.09 on Friday. Illinois Tool Works Inc. has a 12 month low of $214.66 and a 12 month high of $303.15. The firm has a market capitalization of $76.97 billion, a P/E ratio of 25.46, a P/E/G ratio of 14.22 and a beta of 1.13. 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 business has a fifty day simple moving average of $275.20 and a two-hundred day simple moving average of $260.72.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.03. The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate 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 was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, equities analysts forecast that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $1.61 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.4%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 61.39%.

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.