Park Avenue Securities LLC Has $1.97 Million Holdings in Illinois Tool Works Inc. $ITW

Park Avenue Securities LLC trimmed its stake in Illinois Tool Works Inc. (NYSE:ITW) by 54.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,994 shares of the industrial products company’s stock after selling 9,723 shares during the period. Park Avenue Securities LLC’s holdings in Illinois Tool Works were worth $1,969,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Corsicana & Co. acquired a new position in shares of Illinois Tool Works during the third quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC grew its position in Illinois Tool Works by 103.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the industrial products company’s stock worth $31,000 after buying an additional 63 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in Illinois Tool Works during the second quarter valued at about $31,000. True Wealth Design LLC raised its holdings in Illinois Tool Works by 341.9% in the 3rd quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 106 shares in the last quarter. Finally, MTM Investment Management LLC raised its holdings in Illinois Tool Works by 70.5% in the 3rd quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 67 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction dated 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. This represents a 42.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ernest Scott Santi sold 167,345 shares of the firm’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 approximately $75,282,792.38. The trade was a 39.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Illinois Tool Works from $310.00 to $327.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Robert W. Baird set a $278.00 target price on Illinois Tool Works in a research report on Wednesday, February 4th. Truist Financial lifted their price target on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a research note on Wednesday, February 4th. Wells Fargo & Company boosted their price target 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. Finally, UBS Group reaffirmed a “neutral” rating and set a $285.00 price objective on shares of Illinois Tool Works in a report on Wednesday, February 4th. Two 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $275.69.

Illinois Tool Works Price Performance

Illinois Tool Works stock opened at $262.77 on Tuesday. The business has a 50 day simple moving average of $276.49 and a 200 day simple moving average of $260.59. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. The company has a market capitalization of $75.73 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 13.77 and a beta of 1.12. Illinois Tool Works Inc. has a one year low of $214.66 and a one year high of $303.15.

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 for the quarter, beating analysts’ consensus estimates of $2.69 by $0.03. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.07 billion. During the same period in the prior year, the business posted $2.54 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, sell-side analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be issued 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 2.5%. Illinois Tool Works’s dividend payout ratio is presently 61.39%.

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.