Illinois Tool Works Inc. $ITW Shares Sold by Compass Capital Management Inc.

Compass Capital Management Inc. cut its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 8.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 205,582 shares of the industrial products company’s stock after selling 17,978 shares during the quarter. Illinois Tool Works comprises 3.1% of Compass Capital Management Inc.’s holdings, making the stock its 16th largest position. Compass Capital Management Inc.’s holdings in Illinois Tool Works were worth $53,511,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ITW. Vestor Capital LLC grew its stake in shares of Illinois Tool Works by 2,538.3% during the first quarter. Vestor Capital LLC now owns 14,484 shares of the industrial products company’s stock worth $3,770,000 after acquiring an additional 13,935 shares during the last quarter. Groupe la Francaise increased its holdings in shares of Illinois Tool Works by 7.7% during the first quarter. Groupe la Francaise now owns 29,148 shares of the industrial products company’s stock valued at $7,587,000 after acquiring an additional 2,087 shares in the last quarter. Western Wealth Management LLC raised its position in shares of Illinois Tool Works by 5.6% in the 1st quarter. Western Wealth Management LLC now owns 2,043 shares of the industrial products company’s stock valued at $532,000 after purchasing an additional 109 shares during the last quarter. Paragon Private Wealth Management LLC boosted its stake in Illinois Tool Works by 3.8% in the 1st quarter. Paragon Private Wealth Management LLC now owns 5,574 shares of the industrial products company’s stock worth $1,451,000 after purchasing an additional 206 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Illinois Tool Works by 2.5% in the 1st quarter. Bank of America Corp DE now owns 3,005,659 shares of the industrial products company’s stock worth $782,343,000 after purchasing an additional 72,951 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ITW shares. Wells Fargo & Company upped their price target on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research note on Monday, May 4th. The Goldman Sachs Group reiterated a “sell” rating and set a $254.00 price objective on shares of Illinois Tool Works in a research note on Thursday, April 30th. Wolfe Research reissued an “underperform” rating and set a $286.00 price objective on shares of Illinois Tool Works in a report on Thursday, July 9th. Robert W. Baird upped their target price on Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Citigroup restated a “neutral” rating on shares of Illinois Tool Works in a research note on Monday, July 13th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $281.25.

Illinois Tool Works Price Performance

Shares of NYSE:ITW opened at $287.51 on Friday. Illinois Tool Works Inc. has a twelve month low of $238.82 and a twelve month high of $303.15. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 2.26. The company has a market cap of $82.72 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 4.83 and a beta of 1.00. The company’s 50 day moving average is $266.31 and its 200 day moving average is $268.26.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.80 by $0.04. The business had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, sell-side analysts forecast that Illinois Tool Works Inc. will post 11.47 EPS 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. The ex-dividend date was Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a yield of 2.2%. Illinois Tool Works’s payout ratio is currently 58.39%.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, Director Jennifer F. Scanlon purchased 806 shares of the stock in a transaction on Tuesday, June 2nd. The shares were bought 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 $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.83% of the stock is owned by corporate insiders.

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.