Illinois Tool Works Inc. $ITW Shares Bought by MAI Capital Management

MAI Capital Management raised its position in Illinois Tool Works Inc. (NYSE:ITW) by 95.4% in the 3rd quarter, Holdings Channel reports. The fund owned 22,283 shares of the industrial products company’s stock after acquiring an additional 10,878 shares during the period. MAI Capital Management’s holdings in Illinois Tool Works were worth $5,811,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the business. Brighton Jones LLC lifted its holdings in 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 valued at $1,399,000 after acquiring an additional 277 shares during the period. Bison Wealth LLC lifted its stake in shares of Illinois Tool Works by 2.3% in the fourth quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock valued at $901,000 after purchasing an additional 81 shares during the period. Sivia Capital Partners LLC lifted its stake in shares of Illinois Tool Works by 20.6% in the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company’s stock valued at $257,000 after purchasing an additional 177 shares during the period. Oppenheimer Asset Management Inc. grew its position in Illinois Tool Works by 26.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 6,553 shares of the industrial products company’s stock worth $1,620,000 after buying an additional 1,385 shares during the period. Finally, Advisory Alpha LLC increased its holdings in Illinois Tool Works by 39.9% in the second quarter. Advisory Alpha LLC now owns 1,459 shares of the industrial products company’s stock valued at $361,000 after buying an additional 416 shares in the last quarter. 79.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Illinois Tool Works

In related news, Director Ernest Scott Santi sold 167,345 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $290.93, for a total transaction 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 represents a 39.27% decrease in their ownership of the stock. The transaction was disclosed in a 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 dated Thursday, February 5th. The shares were sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by company insiders.

Illinois Tool Works Price Performance

Illinois Tool Works stock opened at $290.41 on Friday. The stock has a market capitalization of $83.70 billion, a P/E ratio of 27.68, a P/E/G ratio of 15.51 and a beta of 1.15. Illinois Tool Works Inc. has a 12-month low of $214.66 and a 12-month high of $303.15. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. The firm’s 50-day moving average is $268.95 and its two-hundred day moving average is $259.47.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.03. The business had revenue of $4.09 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter 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. Equities analysts predict that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The firm also recently declared 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. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is currently 61.39%.

Wall Street Analysts Forecast Growth

ITW has been the topic of several research analyst reports. The Goldman Sachs Group reissued a “sell” rating and set a $253.00 price target on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Bank of America raised Illinois Tool Works from an “underperform” rating to a “neutral” rating and upped their target price for the company from $220.00 to $255.00 in a report on Tuesday, November 18th. Robert W. Baird set a $278.00 price target on Illinois Tool Works in a research note on Wednesday, February 4th. Wells Fargo & Company boosted 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 report on Wednesday, February 4th. Finally, Wolfe Research dropped their target price on shares of Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating for the company in a report on Wednesday, February 4th. Two investment 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. Based on data from MarketBeat.com, Illinois Tool Works has a consensus rating of “Reduce” and an average target price of $272.92.

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.