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

Yousif Capital Management LLC lowered its position in Illinois Tool Works Inc. (NYSE:ITW) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,890 shares of the industrial products company’s stock after selling 2,068 shares during the period. Yousif Capital Management LLC’s holdings in Illinois Tool Works were worth $15,493,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ITW. State Street Corp raised its position in Illinois Tool Works by 0.9% in the second quarter. State Street Corp now owns 12,476,310 shares of the industrial products company’s stock worth $3,103,167,000 after acquiring an additional 108,919 shares in the last quarter. Capital Research Global Investors raised its position in Illinois Tool Works by 3.0% in the third quarter. Capital Research Global Investors now owns 4,493,555 shares of the industrial products company’s stock worth $1,171,740,000 after acquiring an additional 131,702 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Illinois Tool Works by 1.5% in the third quarter. Fisher Asset Management LLC now owns 3,650,562 shares of the industrial products company’s stock valued at $951,921,000 after buying an additional 55,416 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Illinois Tool Works by 1.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,587,639 shares of the industrial products company’s stock worth $674,871,000 after acquiring an additional 33,171 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Illinois Tool Works by 0.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,333,765 shares of the industrial products company’s stock worth $608,552,000 after acquiring an additional 7,372 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Insider Activity

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $290.93, for a total value of $48,685,680.85. Following the completion of the sale, the director owned 258,766 shares in the company, valued at $75,282,792.38. The trade was a 39.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Axel Beck sold 4,223 shares of Illinois Tool Works stock in a transaction dated Thursday, February 5th. The shares were 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 trade represents a 42.18% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is owned by insiders.

Analysts Set New Price Targets

ITW has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Illinois Tool Works from $310.00 to $327.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Wolfe Research lifted their price target on Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a research note on Friday, February 27th. 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a research note on Wednesday, January 28th. Finally, UBS Group reissued a “neutral” rating and set a $285.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Illinois Tool Works has a consensus rating of “Reduce” and an average target price of $271.85.

Illinois Tool Works Stock Up 0.2%

ITW stock opened at $259.01 on Wednesday. The stock has a market capitalization of $74.61 billion, a P/E ratio of 24.69, a PEG ratio of 13.82 and a beta of 1.13. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.89 and a current ratio of 1.21. Illinois Tool Works Inc. has a one year low of $214.66 and a one year high of $303.15. The company has a 50 day moving average price of $276.64 and a two-hundred day moving average price of $260.32.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.69 by $0.03. The firm had revenue of $4.09 billion during 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%. Illinois Tool Works’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. As a group, sell-side analysts expect that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders 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 annualized dividend and a yield of 2.5%. Illinois Tool Works’s payout ratio is 61.39%.

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.