Illinois Tool Works Inc. $ITW Shares Bought by RWA Wealth Partners LLC

RWA Wealth Partners LLC raised its position in Illinois Tool Works Inc. (NYSE:ITW) by 160.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,783 shares of the industrial products company’s stock after purchasing an additional 17,128 shares during the period. RWA Wealth Partners LLC’s holdings in Illinois Tool Works were worth $7,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of ITW. AE Wealth Management LLC grew its position in shares of Illinois Tool Works by 128.4% during the third quarter. AE Wealth Management LLC now owns 9,128 shares of the industrial products company’s stock worth $2,380,000 after acquiring an additional 5,131 shares during the last quarter. Mediolanum International Funds Ltd raised its position in Illinois Tool Works by 10.4% in the 3rd 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 last quarter. Brendel Financial Advisors LLC boosted its stake in Illinois Tool Works by 1,328.6% during the 3rd quarter. Brendel Financial Advisors LLC now owns 13,929 shares of the industrial products company’s stock worth $3,632,000 after purchasing an additional 12,954 shares during the period. Madison Asset Management LLC increased its stake in Illinois Tool Works by 411.8% in 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 purchasing an additional 70,704 shares during the period. Finally, Davis Capital Management purchased a new stake in shares of Illinois Tool Works in the third quarter valued at about $1,162,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ITW shares. Wells Fargo & Company raised their price target on Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” rating in a report on Wednesday, February 4th. Wolfe Research lowered their target price on Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 4th. Truist Financial upped their price target 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. JPMorgan Chase & Co. lifted their price objective on shares of Illinois Tool Works from $275.00 to $310.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Finally, UBS Group reissued a “neutral” rating and issued a $285.00 price objective on shares of Illinois Tool Works 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 issued a Sell rating to the company. According to data from MarketBeat.com, Illinois Tool Works currently has an average rating of “Reduce” and a consensus price target of $272.92.

Insider Buying and Selling

In other news, EVP Axel Beck sold 4,223 shares of the business’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 owned 5,789 shares of the company’s stock, valued at $1,680,083.58. The trade was a 42.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $290.93, for a total value of $48,685,680.85. Following the completion of the sale, the director 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 company insiders.

Illinois Tool Works Trading Down 1.5%

Shares of ITW stock opened at $290.05 on Thursday. The business’s fifty day moving average price is $268.16 and its 200 day moving average price is $259.26. The firm has a market capitalization of $83.59 billion, a PE ratio of 27.65, a P/E/G ratio of 15.77 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. Illinois Tool Works Inc. has a 1-year low of $214.66 and a 1-year high of $303.15.

Illinois Tool Works (NYSE:ITW) last issued its earnings results 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 for 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%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. As a group, sell-side analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The business 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 $1.61 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.44 dividend on an annualized basis and a yield of 2.2%. Illinois Tool Works’s dividend payout ratio (DPR) is 61.39%.

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.