King Luther Capital Management Corp Sells 1,949 Shares of Illinois Tool Works Inc. $ITW

King Luther Capital Management Corp cut its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,935 shares of the industrial products company’s stock after selling 1,949 shares during the quarter. King Luther Capital Management Corp’s holdings in Illinois Tool Works were worth $33,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. AE Wealth Management LLC raised its holdings in Illinois Tool Works by 128.4% during the 3rd quarter. AE Wealth Management LLC now owns 9,128 shares of the industrial products company’s stock valued at $2,380,000 after buying an additional 5,131 shares during the last quarter. Brendel Financial Advisors LLC grew its holdings in Illinois Tool Works by 1,328.6% in the 3rd quarter. Brendel Financial Advisors LLC now owns 13,929 shares of the industrial products company’s stock worth $3,632,000 after acquiring an additional 12,954 shares during the last quarter. Mediolanum International Funds Ltd increased its position in shares of Illinois Tool Works by 10.4% in the third quarter. Mediolanum International Funds Ltd now owns 103,161 shares of the industrial products company’s stock valued at $26,964,000 after acquiring an additional 9,738 shares during the period. Madison Asset Management LLC raised its stake in shares of Illinois Tool Works by 411.8% during the third quarter. Madison Asset Management LLC now owns 87,875 shares of the industrial products company’s stock valued at $22,914,000 after acquiring an additional 70,704 shares during the last quarter. Finally, Davis Capital Management bought a new stake in shares of Illinois Tool Works in the third quarter worth about $1,162,000. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Trading Down 0.4%

Shares of NYSE ITW opened at $296.15 on Thursday. The firm’s 50 day moving average price is $264.41 and its 200-day moving average price is $257.96. Illinois Tool Works Inc. has a 52-week low of $214.66 and a 52-week high of $303.15. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.89 and a current ratio of 1.21. The company has a market cap of $85.35 billion, a PE ratio of 28.23, a P/E/G ratio of 15.93 and a beta of 1.15.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.69 by $0.03. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.07 billion. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.Illinois Tool Works’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the company earned $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, equities research analysts expect that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a 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%.

Analyst Ratings Changes

A number of research analysts have commented on ITW shares. Barclays upped their price target on Illinois Tool Works from $244.00 to $275.00 and gave the company an “underweight” rating in a research report on Monday, February 9th. Citigroup upped their target price on Illinois Tool Works from $271.00 to $284.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Bank of America upgraded shares of Illinois Tool Works from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $220.00 to $255.00 in a report on Tuesday, November 18th. 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, UBS Group reaffirmed a “neutral” rating and issued a $285.00 target price on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $272.92.

Insider Activity at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of the business’s 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 completion of the sale, the director owned 258,766 shares of the company’s stock, valued at approximately $75,282,792.38. The trade was a 39.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Axel Beck sold 4,223 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $290.22, for a total value 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 $1,680,083.58. This trade 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 currently owned by company 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.