Xponance Inc. Has $13.53 Million Stake in Illinois Tool Works Inc. $ITW

Xponance Inc. trimmed its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 4.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,888 shares of the industrial products company’s stock after selling 2,607 shares during the quarter. Xponance Inc.’s holdings in Illinois Tool Works were worth $13,530,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new position in Illinois Tool Works during the 2nd quarter worth approximately $821,888,000. Massachusetts Financial Services Co. MA increased its stake in Illinois Tool Works by 12.3% in the 2nd 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 buying an additional 415,982 shares during the last quarter. Laurel Wealth Advisors LLC increased its position in shares of Illinois Tool Works by 24,625.1% in the second quarter. Laurel Wealth Advisors LLC now owns 343,431 shares of the industrial products company’s stock valued at $84,913,000 after acquiring an additional 342,042 shares during the last quarter. Vanguard Group Inc. boosted its position in 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 purchasing an additional 335,955 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Illinois Tool Works by 9.1% in the 2nd quarter. Invesco Ltd. now owns 2,220,345 shares of the industrial products company’s stock valued at $548,980,000 after buying an additional 185,416 shares during the last quarter. 79.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays upped their price objective on shares of Illinois Tool Works from $244.00 to $275.00 and gave the company an “underweight” rating in a report on Monday, February 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Wells Fargo & Company upped their price objective on shares of Illinois Tool Works from $250.00 to $270.00 and gave the company an “underweight” rating in a report on Wednesday, February 4th. Citigroup lifted their price objective on shares of Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. boosted their target price on Illinois Tool Works from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $274.38.

Illinois Tool Works Stock Performance

Shares of ITW opened at $290.08 on Friday. 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 12 month low of $214.66 and a 12 month high of $303.15. The company has a market cap of $83.60 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 15.54 and a beta of 1.15. The business’s fifty day simple moving average is $269.75 and its two-hundred day simple moving average is $259.70.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.03. The business 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 business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be paid a $1.61 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.44 annualized dividend and a dividend yield of 2.2%. Illinois Tool Works’s dividend payout ratio (DPR) is 61.39%.

Insider Buying and Selling

In other news, Director Ernest Scott Santi sold 167,345 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 258,766 shares of the company’s stock, valued at $75,282,792.38. This represents a 39.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Axel Beck sold 4,223 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the completion of the sale, the executive vice president owned 5,789 shares in the company, valued at approximately $1,680,083.58. This trade represents a 42.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.88% of the company’s stock.

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.