Bartlett & CO. Wealth Management LLC Sells 6,216 Shares of Illinois Tool Works Inc. $ITW

Bartlett & CO. Wealth Management LLC lessened its stake in Illinois Tool Works Inc. (NYSE:ITW) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,160 shares of the industrial products company’s stock after selling 6,216 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Illinois Tool Works were worth $48,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Hudson Bay Capital Management LP boosted its stake in Illinois Tool Works by 123.4% during the 3rd quarter. Hudson Bay Capital Management LP now owns 23,063 shares of the industrial products company’s stock valued at $6,014,000 after purchasing an additional 12,741 shares during the last quarter. Gradient Investments LLC raised its stake in shares of Illinois Tool Works by 691.3% in the fourth quarter. Gradient Investments LLC now owns 62,677 shares of the industrial products company’s stock worth $15,437,000 after purchasing an additional 54,756 shares during the last quarter. Y.D. More Investments Ltd purchased a new position in shares of Illinois Tool Works in the fourth quarter worth $2,498,000. Orser Capital Management LLC bought a new position in shares of Illinois Tool Works during the fourth quarter valued at $979,000. Finally, Aberdeen Group plc boosted its position in shares of Illinois Tool Works by 4.7% during the fourth quarter. Aberdeen Group plc now owns 245,504 shares of the industrial products company’s stock valued at $60,468,000 after buying an additional 11,035 shares during the last quarter. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Down 2.4%

ITW stock opened at $276.19 on Friday. The company has a market cap of $79.46 billion, a price-to-earnings ratio of 25.64, a P/E/G ratio of 4.86 and a beta of 1.00. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. The business’s 50-day moving average is $259.88 and its two-hundred day moving average is $266.03. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the company posted $2.38 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, analysts forecast that Illinois Tool Works Inc. will post 11.37 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were given a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, June 30th. Illinois Tool Works’s payout ratio is 59.80%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ITW. JPMorgan Chase & Co. lifted their price objective on Illinois Tool Works from $295.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Weiss Ratings downgraded shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. The Goldman Sachs Group reissued a “sell” rating and set a $254.00 price objective on shares of Illinois Tool Works in a report on Thursday, April 30th. Truist Financial increased their price objective on shares of Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Finally, Wolfe Research restated an “underperform” rating and issued a $286.00 target price on shares of Illinois Tool Works in a report on Thursday, July 9th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $274.00.

Insider Buying and Selling

In other Illinois Tool Works news, Director Jennifer F. Scanlon bought 806 shares of Illinois Tool Works stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average cost of $247.99 per share, with a total value of $199,879.94. Following the completion of the acquisition, the director owned 1,652 shares in the company, valued at approximately $409,679.48. This represents a 95.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.83% 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.