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

Waverly Advisors LLC trimmed its stake in Illinois Tool Works Inc. (NYSE:ITW) by 7.1% during the first quarter, Holdings Channel.com reports. The fund owned 44,090 shares of the industrial products company’s stock after selling 3,392 shares during the period. Waverly Advisors LLC’s holdings in Illinois Tool Works were worth $11,476,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Illinois Tool Works by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 26,887,218 shares of the industrial products company’s stock worth $6,622,322,000 after buying an additional 189,229 shares during the period. State Street Corp lifted its stake in Illinois Tool Works by 1.2% during the 4th quarter. State Street Corp now owns 12,596,511 shares of the industrial products company’s stock worth $3,122,535,000 after acquiring an additional 151,864 shares in the last quarter. Geode Capital Management LLC grew its position in Illinois Tool Works by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 6,944,651 shares of the industrial products company’s stock valued at $1,709,734,000 after acquiring an additional 184,301 shares in the last quarter. Capital Research Global Investors increased its stake in Illinois Tool Works by 3.2% during the fourth quarter. Capital Research Global Investors now owns 4,636,392 shares of the industrial products company’s stock worth $1,141,948,000 after purchasing an additional 142,837 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in shares of Illinois Tool Works by 1.5% in the fourth quarter. Fisher Asset Management LLC now owns 3,705,081 shares of the industrial products company’s stock valued at $912,562,000 after purchasing an additional 54,519 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Stock Down 0.0%

Illinois Tool Works stock opened at $282.91 on Monday. The company has a market capitalization of $81.39 billion, a P/E ratio of 26.27, a PEG ratio of 4.86 and a beta of 1.00. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The stock has a 50-day simple moving average of $262.39 and a 200-day simple moving average of $267.08. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19.

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

Illinois Tool Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were paid a dividend of $1.61 per share. The ex-dividend date was Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a yield of 2.3%. Illinois Tool Works’s dividend payout ratio is currently 59.80%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ITW shares. Wolfe Research reiterated an “underperform” rating and set a $286.00 target price on shares of Illinois Tool Works in a report on Thursday, July 9th. Weiss Ratings cut 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 reiterated a “sell” rating and issued a $254.00 target price on shares of Illinois Tool Works in a report on Thursday, April 30th. Wells Fargo & Company upped their target price on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research note on Monday, May 4th. Finally, Evercore lowered their price target on shares of Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Illinois Tool Works has a consensus rating of “Reduce” and a consensus target price of $274.00.

Insider Transactions at Illinois Tool Works

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

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.