Barclays PLC Reduces Position in Illinois Tool Works Inc. $ITW

Barclays PLC lessened its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 610,957 shares of the industrial products company’s stock after selling 41,923 shares during the period. Barclays PLC’s holdings in Illinois Tool Works were worth $150,479,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ITW. Bard Associates Inc. bought a new stake in shares of Illinois Tool Works during the fourth quarter valued at approximately $99,000. Bontempo Ohly Capital Mgmt LLC raised its stake in shares of Illinois Tool Works by 0.5% during the fourth quarter. Bontempo Ohly Capital Mgmt LLC now owns 17,519 shares of the industrial products company’s stock valued at $4,315,000 after acquiring an additional 81 shares in the last quarter. Biondo Investment Advisors LLC raised its stake in shares of Illinois Tool Works by 0.4% during the fourth quarter. Biondo Investment Advisors LLC now owns 42,917 shares of the industrial products company’s stock valued at $10,571,000 after acquiring an additional 173 shares in the last quarter. CreativeOne Wealth LLC raised its stake in shares of Illinois Tool Works by 5.1% during the fourth quarter. CreativeOne Wealth LLC now owns 5,859 shares of the industrial products company’s stock valued at $1,443,000 after acquiring an additional 283 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in shares of Illinois Tool Works by 3.7% during the fourth quarter. Kestra Advisory Services LLC now owns 86,024 shares of the industrial products company’s stock valued at $21,188,000 after acquiring an additional 3,081 shares in the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

Shares of NYSE:ITW opened at $262.34 on Tuesday. The company has a market capitalization of $75.48 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 4.42 and a beta of 1.01. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. The firm has a 50 day moving average of $258.25 and a 200 day moving average of $263.11.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.09. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.38 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, sell-side analysts predict that Illinois Tool Works Inc. will post 11.37 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be given a dividend of $1.61 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.5%. Illinois Tool Works’s dividend payout ratio is presently 59.80%.

Insider Activity

In other Illinois Tool Works news, Director Jennifer F. Scanlon purchased 806 shares of Illinois Tool Works stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average cost of $247.99 per share, with a total value of $199,879.94. Following the completion of the transaction, the director owned 1,652 shares in the company, valued at approximately $409,679.48. This trade represents a 95.27% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on ITW shares. JPMorgan Chase & Co. decreased their price target on shares of Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Citigroup lifted their price target on shares of Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings downgraded shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group reissued a “sell” rating and issued a $254.00 price objective on shares of Illinois Tool Works in a research note on Thursday, April 30th. Finally, Barclays reduced their price objective on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research note on Wednesday, April 1st. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Illinois Tool Works currently has a consensus rating of “Reduce” and a consensus target price of $271.92.

Illinois Tool Works 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.