Illinois Tool Works Inc. $ITW Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC lessened its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 68.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,842 shares of the industrial products company’s stock after selling 3,931 shares during the quarter. Legato Capital Management LLC’s holdings in Illinois Tool Works were worth $454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ITW. Northwestern Mutual Wealth Management Co. raised its stake in shares of Illinois Tool Works by 1,517.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 390,022 shares of the industrial products company’s stock worth $96,062,000 after buying an additional 365,915 shares during the last quarter. Caisse de depot et placement du Quebec raised its stake in shares of Illinois Tool Works by 293.0% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 424,547 shares of the industrial products company’s stock worth $110,705,000 after buying an additional 316,512 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Illinois Tool Works by 316.3% during the 4th quarter. SG Americas Securities LLC now owns 366,012 shares of the industrial products company’s stock worth $90,149,000 after buying an additional 278,085 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Illinois Tool Works by 161.3% during the 3rd quarter. Marshall Wace LLP now owns 400,152 shares of the industrial products company’s stock worth $104,344,000 after buying an additional 246,994 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Illinois Tool Works by 10.7% during the 4th quarter. UBS Group AG now owns 2,101,383 shares of the industrial products company’s stock worth $517,571,000 after buying an additional 203,863 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Trading Up 0.1%

Shares of ITW stock opened at $250.65 on Thursday. The firm has a 50-day moving average price of $260.59 and a 200 day moving average price of $262.36. Illinois Tool Works Inc. has a twelve month low of $238.82 and a twelve month high of $303.15. The company has a market capitalization of $72.11 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 4.30 and a beta of 1.04. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.09. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the company posted $2.38 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Research analysts forecast that Illinois Tool Works Inc. will post 11.37 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a $1.61 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $6.44 annualized dividend and a yield of 2.6%. Illinois Tool Works’s payout ratio is 59.80%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ITW shares. JPMorgan Chase & Co. cut their price target on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Truist Financial lifted 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. UBS Group reaffirmed a “neutral” rating and set a $285.00 price target on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Barclays cut their target price on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research note on Wednesday, April 1st. Finally, Citigroup boosted their target price on shares of Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $271.92.

Illinois Tool Works Company 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.