Chevy Chase Trust Holdings LLC Buys 5,539 Shares of Illinois Tool Works Inc. $ITW

Chevy Chase Trust Holdings LLC grew its stake in Illinois Tool Works Inc. (NYSE:ITW) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,606 shares of the industrial products company’s stock after buying an additional 5,539 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Illinois Tool Works worth $39,794,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Illinois Tool Works by 4.2% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 988 shares of the industrial products company’s stock worth $244,000 after acquiring an additional 40 shares during the last quarter. Everpar Advisors LLC increased its stake in Illinois Tool Works by 1.7% in the third quarter. Everpar Advisors LLC now owns 2,574 shares of the industrial products company’s stock valued at $671,000 after acquiring an additional 42 shares during the last quarter. Confluence Wealth Services Inc. raised its position in Illinois Tool Works by 1.0% during the third quarter. Confluence Wealth Services Inc. now owns 4,171 shares of the industrial products company’s stock valued at $1,087,000 after purchasing an additional 43 shares in the last quarter. Montag A & Associates Inc. lifted its stake in Illinois Tool Works by 0.7% during the third quarter. Montag A & Associates Inc. now owns 6,605 shares of the industrial products company’s stock worth $1,733,000 after purchasing an additional 43 shares during the last quarter. Finally, BLB&B Advisors LLC lifted its stake in Illinois Tool Works by 2.9% during the third quarter. BLB&B Advisors LLC now owns 1,605 shares of the industrial products company’s stock worth $419,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Up 0.6%

ITW opened at $267.09 on Monday. 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 business’s 50-day moving average price is $275.20 and its 200-day moving average price is $260.63. The company has a market cap of $76.97 billion, a P/E ratio of 25.46, a P/E/G ratio of 14.29 and a beta of 1.12.

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 (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.03. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.Illinois Tool Works’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, equities analysts expect that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ITW shares. Truist Financial increased their price objective on Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research report on Wednesday, February 4th. Barclays boosted their target price on Illinois Tool Works from $244.00 to $275.00 and gave the stock an “underweight” rating in a research report on Monday, February 9th. Robert W. Baird set a $278.00 target price on Illinois Tool Works in a research note on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and set a $285.00 price target on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Finally, Bank of America upgraded shares of Illinois Tool Works from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $220.00 to $255.00 in a report on Tuesday, November 18th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned 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 price target of $275.69.

Insider Activity at Illinois Tool Works

In related news, EVP Axel Beck sold 4,223 shares of Illinois Tool Works stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $290.22, for a total value of $1,225,599.06. Following the transaction, the executive vice president directly owned 5,789 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. 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 sale, the director owned 258,766 shares of the company’s stock, valued at $75,282,792.38. This represents 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 company 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.