Illinois Tool Works Inc. $ITW Shares Bought by Perbak Capital Partners LLP

Perbak Capital Partners LLP grew its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 171.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,780 shares of the industrial products company’s stock after buying an additional 3,020 shares during the period. Perbak Capital Partners LLP’s holdings in Illinois Tool Works were worth $1,246,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ITW. Brighton Jones LLC lifted its stake in Illinois Tool Works by 5.3% in the 4th quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock worth $1,399,000 after purchasing an additional 277 shares in the last quarter. Bison Wealth LLC increased its holdings in shares of Illinois Tool Works by 2.3% in the fourth quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock valued at $901,000 after purchasing an additional 81 shares during the last quarter. Sivia Capital Partners LLC lifted its position in Illinois Tool Works by 20.6% during the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company’s stock worth $257,000 after buying an additional 177 shares in the last quarter. AE Wealth Management LLC boosted its stake in Illinois Tool Works by 27.8% during the second quarter. AE Wealth Management LLC now owns 3,997 shares of the industrial products company’s stock worth $988,000 after buying an additional 870 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in Illinois Tool Works by 11.4% in the 2nd quarter. Allworth Financial LP now owns 5,115 shares of the industrial products company’s stock valued at $1,265,000 after buying an additional 525 shares in the last quarter. 79.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ITW has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. Citigroup upped their price objective on shares of Illinois Tool Works from $271.00 to $284.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating and set a $285.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. The Goldman Sachs Group reissued a “sell” rating and issued a $253.00 price target on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Finally, Barclays raised their price target on shares of Illinois Tool Works from $244.00 to $275.00 and gave the stock an “underweight” rating in a report on Monday, February 9th. 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $275.69.

Illinois Tool Works Stock Up 0.6%

Shares of ITW opened at $267.09 on Friday. The company’s 50-day moving average price is $275.20 and its 200 day moving average price is $260.72. Illinois Tool Works Inc. has a 12-month low of $214.66 and a 12-month high of $303.15. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07. The firm has a market cap of $76.97 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 14.22 and a beta of 1.13.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.03. The company 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 was up 4.1% compared to the same quarter last year. During the same quarter 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. On average, sell-side analysts forecast that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 31st will be issued a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio (DPR) is 61.39%.

Insider Buying and Selling

In other news, EVP Axel Beck sold 4,223 shares of Illinois Tool Works stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $290.22, for a total value of $1,225,599.06. Following the completion of the sale, the executive vice president directly owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. The trade was a 42.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the business’s stock in a transaction 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 completion of the sale, the director owned 258,766 shares in the company, valued at $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 owned by insiders.

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.