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

Versor Investments LP acquired a new position in Illinois Tool Works Inc. (NYSE:ITW) in the 3rd quarter, HoldingsChannel reports. The fund acquired 1,902 shares of the industrial products company’s stock, valued at approximately $496,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Corsicana & Co. bought a new stake in shares of Illinois Tool Works during the third quarter worth $26,000. Vermillion & White Wealth Management Group LLC increased its position in shares of Illinois Tool Works by 103.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 63 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Illinois Tool Works during the second quarter valued at approximately $31,000. True Wealth Design LLC grew its stake in Illinois Tool Works by 341.9% in the third quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 106 shares in the last quarter. Finally, MTM Investment Management LLC increased its holdings in Illinois Tool Works by 70.5% during the 3rd quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 67 shares during the period. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Illinois Tool Works Price Performance

Shares of ITW opened at $298.27 on Friday. The firm has a market capitalization of $86.53 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 15.96 and a beta of 1.15. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. The company’s fifty day moving average price is $260.52 and its 200-day moving average price is $256.79. Illinois Tool Works Inc. has a 1-year low of $214.66 and a 1-year high of $303.16.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.03. The business had revenue of $4.09 billion for 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%.The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, equities research analysts predict that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Analyst Ratings Changes

ITW has been the topic of a number of recent research reports. UBS Group reissued a “neutral” rating and set a $285.00 price target on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Citigroup raised their target price on shares of Illinois Tool Works from $271.00 to $284.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Robert W. Baird set a $278.00 price target on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Wells Fargo & Company lifted their price objective on shares of Illinois Tool Works from $250.00 to $270.00 and gave the company an “underweight” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Illinois Tool Works currently has a consensus rating of “Reduce” and a consensus target price of $272.92.

Insider Activity at Illinois Tool Works

In related news, 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 transaction 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. 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 is available at this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were 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 directly owned 258,766 shares in the company, valued at approximately $75,282,792.38. The trade was a 39.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.88% of the stock is currently owned by corporate insiders.

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.