Madison Asset Management LLC Acquires 70,704 Shares of Illinois Tool Works Inc. $ITW

Madison Asset Management LLC lifted its stake in Illinois Tool Works Inc. (NYSE:ITW) by 411.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 87,875 shares of the industrial products company’s stock after acquiring an additional 70,704 shares during the period. Madison Asset Management LLC’s holdings in Illinois Tool Works were worth $22,914,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC bought a new stake in shares of Illinois Tool Works in the 2nd quarter worth approximately $25,000. Corsicana & Co. acquired a new position in shares of Illinois Tool Works in the third quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Illinois Tool Works in the second quarter worth $31,000. Vermillion & White Wealth Management Group LLC boosted its stake 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. Finally, True Wealth Design LLC increased 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 buying an additional 106 shares during the period. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

Illinois Tool Works stock opened at $293.93 on Wednesday. The stock has a 50-day simple moving average of $258.58 and a 200 day simple moving average of $256.20. The stock has a market capitalization of $85.27 billion, a price-to-earnings ratio of 28.02, a P/E/G ratio of 15.56 and a beta of 1.15. The company has a quick ratio of 0.89, a current ratio of 1.21 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 $295.29.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.03. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.07 billion. During the same quarter last year, the company posted $2.54 EPS. The company’s quarterly 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, research analysts anticipate that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ITW has been the topic of a number of analyst reports. Evercore lowered their target price on shares of Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating on the stock in a research note on Monday, November 17th. UBS Group reiterated a “neutral” rating and issued a $285.00 price target on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Barclays lifted their price objective on Illinois Tool Works from $244.00 to $275.00 and gave the company an “underweight” rating in a report on Monday. Bank of America raised shares of Illinois Tool Works from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $220.00 to $255.00 in a report on Tuesday, November 18th. Finally, Truist Financial lifted their price target on shares of Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a report on Wednesday, February 4th. Two investment 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. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $272.92.

Insider Buying and Selling at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of the stock in a transaction on 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 transaction, the director directly owned 258,766 shares in the company, valued at approximately $75,282,792.38. This trade represents a 39.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction on 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 transaction, the executive vice president directly owned 5,789 shares in the company, valued at $1,680,083.58. This trade represents a 42.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by corporate insiders.

About Illinois Tool Works

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.