Insider Selling: Illinois Tool Works (NYSE:ITW) EVP Sells 4,223 Shares of Stock

Illinois Tool Works Inc. (NYSE:ITW) EVP Axel Beck sold 4,223 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were 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. The trade was a 42.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Illinois Tool Works Price Performance

Shares of Illinois Tool Works stock traded down $2.82 on Monday, reaching $290.75. The stock had a trading volume of 1,885,450 shares, compared to its average volume of 1,615,299. The business’s 50 day moving average is $256.81 and its two-hundred day moving average is $255.78. 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 market cap of $84.35 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 15.72 and a beta of 1.15. Illinois Tool Works Inc. has a 1 year low of $214.66 and a 1 year high of $294.79.

Illinois Tool Works (NYSE:ITW) last released its quarterly 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. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.07 billion. During the same quarter in the prior year, the firm posted $2.54 earnings per share. The business’s quarterly 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. As a group, research analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Analyst Ratings Changes

ITW has been the subject of a number of research reports. UBS Group reaffirmed a “neutral” rating and issued a $285.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Robert W. Baird set a $278.00 price target on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Truist Financial lifted their price target on shares of Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research report on Wednesday, February 4th. The Goldman Sachs Group reissued a “sell” rating and set a $253.00 price objective on shares of Illinois Tool Works in a research report on Tuesday, February 3rd. Finally, Wells Fargo & Company upped their price target on Illinois Tool Works from $250.00 to $270.00 and gave the company an “underweight” rating in a report on Wednesday, February 4th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $272.92.

Hedge Funds Weigh In On Illinois Tool Works

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Integrity Advisory Solutions LLC purchased a new position in shares of Illinois Tool Works in the 4th quarter worth $232,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Illinois Tool Works by 10.5% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 1,135 shares of the industrial products company’s stock valued at $279,000 after acquiring an additional 108 shares during the last quarter. Allstate Corp grew its position in Illinois Tool Works by 98.3% in the fourth quarter. Allstate Corp now owns 19,474 shares of the industrial products company’s stock worth $4,796,000 after acquiring an additional 9,655 shares in the last quarter. Fisher Asset Management LLC increased its stake in Illinois Tool Works by 1.5% during the fourth quarter. Fisher Asset Management LLC now owns 3,705,081 shares of the industrial products company’s stock worth $912,562,000 after acquiring an additional 54,519 shares during the last quarter. Finally, CYBER HORNET ETFs LLC raised its position in Illinois Tool Works by 5.4% during the fourth quarter. CYBER HORNET ETFs LLC now owns 778 shares of the industrial products company’s stock valued at $192,000 after purchasing an additional 40 shares during the period. 79.77% of the stock is owned by institutional investors.

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.