Wealth Enhancement Advisory Services LLC Trims Stock Position in Illinois Tool Works Inc. $ITW

Wealth Enhancement Advisory Services LLC trimmed its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 47.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 123,369 shares of the industrial products company’s stock after selling 113,495 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Illinois Tool Works were worth $31,646,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Illinois Tool Works during the 2nd quarter worth $821,888,000. Laurel Wealth Advisors LLC lifted its position in Illinois Tool Works by 24,625.1% in the second quarter. Laurel Wealth Advisors LLC now owns 343,431 shares of the industrial products company’s stock valued at $84,913,000 after buying an additional 342,042 shares during the last quarter. Caisse de depot et placement du Quebec boosted its stake in Illinois Tool Works by 293.0% during the third quarter. Caisse de depot et placement du Quebec now owns 424,547 shares of the industrial products company’s stock worth $110,705,000 after buying an additional 316,512 shares during the period. Marshall Wace LLP boosted its stake in Illinois Tool Works by 161.3% during the third quarter. Marshall Wace LLP now owns 400,152 shares of the industrial products company’s stock worth $104,344,000 after buying an additional 246,994 shares during the period. Finally, Invesco Ltd. increased its position in shares of Illinois Tool Works by 9.1% during the second quarter. Invesco Ltd. now owns 2,220,345 shares of the industrial products company’s stock valued at $548,980,000 after acquiring an additional 185,416 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Insiders Place Their Bets

In related 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,680,083.58. This trade represents a 42.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.88% of the company’s stock.

Illinois Tool Works Trading Up 2.0%

NYSE ITW opened at $262.77 on Tuesday. 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 has a market cap of $75.73 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 13.77 and a beta of 1.12. The firm has a 50 day simple moving average of $276.49 and a 200-day simple moving average of $260.59. Illinois Tool Works Inc. has a one year low of $214.66 and a one year high of $303.15.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 4.1% on a year-over-year basis. 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. Equities research analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be paid a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio (DPR) is presently 61.39%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Robert W. Baird set a $278.00 price objective on shares of Illinois Tool Works in a report on Wednesday, February 4th. Truist Financial lifted their target price 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. UBS Group restated a “neutral” rating and set a $285.00 price target on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. boosted their price objective on Illinois Tool Works from $310.00 to $327.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Illinois Tool Works currently has a consensus rating of “Reduce” and an average target price of $275.69.

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.