GSA Capital Partners LLP Has $446,000 Position in Illinois Tool Works Inc. $ITW

GSA Capital Partners LLP lessened its stake in Illinois Tool Works Inc. (NYSE:ITW) by 70.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,712 shares of the industrial products company’s stock after selling 4,020 shares during the period. GSA Capital Partners LLP’s holdings in Illinois Tool Works were worth $446,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Northcape Wealth Management LLC boosted its holdings in Illinois Tool Works by 2.1% in the second quarter. Northcape Wealth Management LLC now owns 1,922 shares of the industrial products company’s stock valued at $475,000 after acquiring an additional 40 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in Illinois Tool Works by 4.2% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 988 shares of the industrial products company’s stock worth $244,000 after purchasing an additional 40 shares during the last quarter. Everpar Advisors LLC lifted its position in Illinois Tool Works by 1.7% during the 3rd quarter. Everpar Advisors LLC now owns 2,574 shares of the industrial products company’s stock valued at $671,000 after purchasing an additional 42 shares during the period. EPG Wealth Management LLC boosted its stake in shares of Illinois Tool Works by 1.1% in the 2nd quarter. EPG Wealth Management LLC now owns 3,893 shares of the industrial products company’s stock valued at $963,000 after purchasing an additional 43 shares during the last quarter. Finally, Confluence Wealth Services Inc. grew its position in shares of Illinois Tool Works by 1.0% during the 3rd quarter. Confluence Wealth Services Inc. now owns 4,171 shares of the industrial products company’s stock worth $1,087,000 after buying an additional 43 shares during the period. 79.77% of the stock is currently owned by institutional investors.

Illinois Tool Works Price Performance

Shares of ITW opened at $294.41 on Wednesday. The stock has a 50 day simple moving average of $267.41 and a 200 day simple moving average of $259.04. Illinois Tool Works Inc. has a 52-week low of $214.66 and a 52-week high of $303.15. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.89 and a current ratio of 1.21. The firm has a market capitalization of $84.85 billion, a PE ratio of 28.07, a P/E/G ratio of 15.70 and a beta of 1.15.

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. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates 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 was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Sell-side analysts predict 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. Shareholders of record on Tuesday, March 31st will be issued a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is 61.39%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wolfe Research reduced their price objective on shares of 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. Robert W. Baird set a $278.00 price target on Illinois Tool Works in a research report on Wednesday, February 4th. JPMorgan Chase & Co. upped their price objective on Illinois Tool Works from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Truist Financial increased their target price on Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research note on Wednesday, February 4th. Finally, Evercore decreased their target price on Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating for the company in a research report on Monday, November 17th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $272.92.

Insider Transactions at Illinois Tool Works

In other news, 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 value of $1,225,599.06. Following the sale, the executive vice president directly owned 5,789 shares in the company, valued at $1,680,083.58. The trade was a 42.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ernest Scott Santi sold 167,345 shares of the company’s 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.