Illinois Tool Works Inc. $ITW Shares Sold by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC cut its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 99.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,389 shares of the industrial products company’s stock after selling 342,042 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Illinois Tool Works were worth $362,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of ITW. Aprio Wealth Management LLC boosted its stake in shares of Illinois Tool Works by 43.4% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,560 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 472 shares in the last quarter. Aviso Financial Inc. grew its holdings in Illinois Tool Works by 6.3% in the third quarter. Aviso Financial Inc. now owns 3,693 shares of the industrial products company’s stock valued at $963,000 after purchasing an additional 219 shares during the period. Trivium Point Advisory LLC acquired a new stake in Illinois Tool Works in the third quarter valued at approximately $234,000. American Century Companies Inc. increased its position in shares of Illinois Tool Works by 18.6% in the third quarter. American Century Companies Inc. now owns 75,578 shares of the industrial products company’s stock valued at $19,708,000 after buying an additional 11,826 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC acquired a new position in shares of Illinois Tool Works during the 3rd quarter worth approximately $214,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

Insider Buying and Selling at Illinois Tool Works

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 transaction of $1,225,599.06. Following the completion of the transaction, the executive vice president directly owned 5,789 shares in the company, valued at approximately $1,680,083.58. This represents a 42.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the firm’s stock in a transaction dated 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 sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ITW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Illinois Tool Works from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Wells Fargo & Company lifted their target price on shares of Illinois Tool Works from $250.00 to $270.00 and gave the company an “underweight” rating in a research report on Wednesday, February 4th. Barclays boosted their target price on shares of Illinois Tool Works from $244.00 to $275.00 and gave the stock an “underweight” rating in a research note on Monday, February 9th. Wolfe Research raised their price target on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research note on Friday. Finally, Truist Financial raised their target price on Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $274.38.

Illinois Tool Works Price Performance

Illinois Tool Works stock opened at $291.13 on Tuesday. 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 company has a 50-day moving average price of $270.53 and a 200 day moving average price of $259.84. Illinois Tool Works Inc. has a 12-month low of $214.66 and a 12-month high of $303.15. The stock has a market cap of $83.90 billion, a P/E ratio of 27.75, a PEG ratio of 15.56 and a beta of 1.15.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.03. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same period in the previous year, the business posted $2.54 EPS. Illinois Tool Works’s revenue was up 4.1% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Sell-side analysts anticipate that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 31st will be given a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is presently 61.39%.

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.