Illinois Tool Works Inc. $ITW Stake Trimmed by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its stake in Illinois Tool Works Inc. (NYSE:ITW) by 3.5% during the fourth quarter, HoldingsChannel reports. The firm owned 282,478 shares of the industrial products company’s stock after selling 10,333 shares during the period. Clearbridge Investments LLC’s holdings in Illinois Tool Works were worth $69,574,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ITW. Norges Bank purchased a new position in Illinois Tool Works in the 4th quarter worth about $808,351,000. Northwestern Mutual Wealth Management Co. increased its stake in Illinois Tool Works by 1,517.9% in 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 purchasing an additional 365,915 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Illinois Tool Works by 11.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,311,357 shares of the industrial products company’s stock worth $815,587,000 after acquiring an additional 353,056 shares during the period. Caisse de depot et placement du Quebec boosted its position in 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 acquiring an additional 316,512 shares during the period. Finally, Pinebridge Investments LLC acquired a new stake in Illinois Tool Works during the 4th quarter worth about $76,764,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jennifer F. Scanlon bought 806 shares of Illinois Tool Works stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the acquisition, the director owned 1,652 shares in the company, valued at $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.83% of the company’s stock.

Illinois Tool Works Stock Down 0.0%

ITW opened at $252.60 on Tuesday. The business has a 50 day moving average price of $258.50 and a 200 day moving average price of $262.68. Illinois Tool Works Inc. has a twelve month low of $238.82 and a twelve month high of $303.15. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. The firm has a market cap of $72.67 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 4.34 and a beta of 1.01.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.09. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the company earned $2.38 EPS. The company’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 EPS for the current year.

Illinois Tool Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be issued a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, June 30th. Illinois Tool Works’s payout ratio is 59.80%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ITW. Weiss Ratings lowered Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Barclays decreased their price objective on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. JPMorgan Chase & Co. decreased their price objective on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Wells Fargo & Company raised their price objective on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research report on Monday, May 4th. Finally, Evercore decreased their price objective on Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $271.92.

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.