WBI Investments LLC Buys Shares of 2,151 Illinois Tool Works Inc. $ITW

WBI Investments LLC purchased a new position in Illinois Tool Works Inc. (NYSE:ITW) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,151 shares of the industrial products company’s stock, valued at approximately $561,000.

Several other institutional investors have also recently added to or reduced their stakes in ITW. Cary Street Partners Investment Advisory LLC lifted its holdings in Illinois Tool Works by 4.2% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 988 shares of the industrial products company’s stock valued at $244,000 after purchasing an additional 40 shares in the last quarter. Everpar Advisors LLC grew its holdings in shares of Illinois Tool Works by 1.7% during the third quarter. Everpar Advisors LLC now owns 2,574 shares of the industrial products company’s stock worth $671,000 after buying an additional 42 shares in the last quarter. Confluence Wealth Services Inc. raised its position in shares of Illinois Tool Works by 1.0% in 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 buying an additional 43 shares during the last quarter. Montag A & Associates Inc. lifted its stake in shares of 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 valued at $1,733,000 after buying an additional 43 shares during the period. Finally, BLB&B Advisors LLC grew its stake in Illinois Tool Works by 2.9% in the 3rd quarter. BLB&B Advisors LLC now owns 1,605 shares of the industrial products company’s stock worth $419,000 after acquiring an additional 45 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

NYSE:ITW opened at $260.86 on Thursday. The firm’s fifty day simple moving average is $276.13 and its 200 day simple moving average is $260.67. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07. Illinois Tool Works Inc. has a twelve month low of $214.66 and a twelve month high of $303.15. The firm has a market capitalization of $75.18 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 14.31 and a beta of 1.13.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.03. The firm had revenue of $4.09 billion during 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 firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior 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, equities research analysts expect that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently declared 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. This represents a $6.44 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is currently 61.39%.

Insider Activity at Illinois Tool Works

In other news, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works stock in a transaction that occurred 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 in the company, valued at $75,282,792.38. This trade represents a 39.27% 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, EVP Axel Beck sold 4,223 shares of the firm’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 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 disclosure for this sale is available in the SEC filing. 0.88% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ITW has been the topic of several analyst reports. Citigroup raised their price objective on Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Barclays increased 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. JPMorgan Chase & Co. boosted their price target on Illinois Tool Works from $310.00 to $327.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Finally, The Goldman Sachs Group restated a “sell” rating and set a $253.00 price target on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Two investment 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, the stock has an average rating of “Reduce” and a consensus target price of $275.69.

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.