King Luther Capital Management Corp Lowers Stock Holdings in Illinois Tool Works Inc. $ITW

King Luther Capital Management Corp lessened its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 1.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 127,935 shares of the industrial products company’s stock after selling 1,949 shares during the period. King Luther Capital Management Corp’s holdings in Illinois Tool Works were worth $33,360,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ITW. Vanguard Group Inc. raised its position in shares of Illinois Tool Works by 1.3% during the second quarter. Vanguard Group Inc. now owns 26,723,774 shares of the industrial products company’s stock valued at $6,607,453,000 after buying an additional 335,955 shares during the last quarter. State Street Corp increased its holdings in Illinois Tool Works by 0.9% in the 2nd quarter. State Street Corp now owns 12,476,310 shares of the industrial products company’s stock valued at $3,103,167,000 after acquiring an additional 108,919 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Illinois Tool Works by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 6,765,540 shares of the industrial products company’s stock valued at $1,670,246,000 after purchasing an additional 122,990 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Illinois Tool Works by 12.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,797,055 shares of the industrial products company’s stock valued at $938,822,000 after purchasing an additional 415,982 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Illinois Tool Works by 2.3% in the second quarter. Fisher Asset Management LLC now owns 3,595,146 shares of the industrial products company’s stock worth $888,900,000 after buying an additional 80,527 shares in the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Insider Activity at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the transaction, the director directly owned 258,766 shares in the company, valued at $75,282,792.38. This trade represents a 39.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Axel Beck sold 4,223 shares of the company’s 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 owned 5,789 shares of the company’s stock, valued at $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.88% of the stock is owned by corporate insiders.

Illinois Tool Works Price Performance

ITW opened at $296.15 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 2.07. The business has a fifty day moving average of $264.41 and a 200 day moving average of $257.96. Illinois Tool Works Inc. has a 52-week low of $214.66 and a 52-week high of $303.15. The stock has a market cap of $85.35 billion, a P/E ratio of 28.23, a PEG ratio of 15.93 and a beta of 1.15.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.03. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.07 billion. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. As a group, sell-side analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Dividend Announcement

The company also recently declared 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. The ex-dividend date is Tuesday, March 31st. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.2%. Illinois Tool Works’s payout ratio is presently 61.39%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ITW shares. Robert W. Baird set a $278.00 price objective on Illinois Tool Works in a research note on Wednesday, February 4th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $253.00 price target on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. UBS Group reissued a “neutral” rating and issued a $285.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Bank of America raised shares of Illinois Tool Works from an “underperform” rating to a “neutral” rating and increased their price target for the company from $220.00 to $255.00 in a report on Tuesday, November 18th. Finally, Wolfe Research reduced their price objective on Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 4th. Two research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $272.92.

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.