Versor Investments LP Acquires New Holdings in Illinois Tool Works Inc. $ITW

Versor Investments LP bought a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,902 shares of the industrial products company’s stock, valued at approximately $496,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ITW. AE Wealth Management LLC grew its position in shares of 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 acquiring an additional 5,131 shares during the period. Brendel Financial Advisors LLC lifted its position in Illinois Tool Works by 1,328.6% during the third quarter. Brendel Financial Advisors LLC now owns 13,929 shares of the industrial products company’s stock valued at $3,632,000 after purchasing an additional 12,954 shares in the last quarter. Mediolanum International Funds Ltd grew its holdings in Illinois Tool Works by 10.4% during 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 purchasing an additional 9,738 shares during the period. Davis Capital Management purchased a new stake in Illinois Tool Works in the third quarter worth about $1,162,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Illinois Tool Works by 20.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 37,423 shares of the industrial products company’s stock worth $9,727,000 after buying an additional 6,240 shares during the period. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Illinois Tool Works news, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 5,789 shares in the company, valued at $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ernest Scott Santi sold 167,345 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total value 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” 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 raised their price objective for the company from $220.00 to $255.00 in a research report on Tuesday, November 18th. JPMorgan Chase & Co. upped their target price on shares of Illinois Tool Works from $275.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. Finally, Truist Financial upped their price objective on Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a research note 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 data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $272.92.

Illinois Tool Works Stock Performance

NYSE:ITW opened at $298.27 on Friday. The company has a market cap of $86.53 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 15.96 and a beta of 1.15. Illinois Tool Works Inc. has a 1 year low of $214.66 and a 1 year high of $303.16. The stock’s 50 day simple moving average is $260.52 and its two-hundred day simple moving average is $256.79. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89.

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 analysts’ consensus estimates of $2.69 by $0.03. The firm 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%. Illinois Tool Works’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. As a group, equities analysts anticipate that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

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.