WBI Investments LLC Invests $561,000 in Illinois Tool Works Inc. $ITW

WBI Investments LLC purchased a new stake in Illinois Tool Works Inc. (NYSE:ITW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,151 shares of the industrial products company’s stock, valued at approximately $561,000.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Illinois Tool Works by 5.3% during the fourth quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock worth $1,399,000 after purchasing an additional 277 shares during the last quarter. Bison Wealth LLC increased its stake in Illinois Tool Works by 2.3% during the fourth quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock valued at $901,000 after purchasing an additional 81 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Illinois Tool Works by 20.6% during the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company’s stock worth $257,000 after purchasing an additional 177 shares during the period. Foundations Investment Advisors LLC lifted its position in shares of Illinois Tool Works by 33.5% in the 2nd quarter. Foundations Investment Advisors LLC now owns 2,115 shares of the industrial products company’s stock worth $523,000 after buying an additional 531 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Illinois Tool Works by 13.3% in the 2nd quarter. SG Americas Securities LLC now owns 10,666 shares of the industrial products company’s stock valued at $2,637,000 after buying an additional 1,255 shares during the period. 79.77% of the stock is owned by institutional investors and hedge funds.

Illinois Tool Works Trading Down 2.6%

Shares of ITW stock opened at $260.86 on Thursday. The firm has a market capitalization of $75.18 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 14.31 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 1 year low of $214.66 and a 1 year high of $303.15. The stock has a fifty day moving average of $276.13 and a two-hundred day moving average of $260.67.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data 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 business had revenue of $4.09 billion for 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%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. As a group, research analysts expect that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Dividend Announcement

The business also recently declared 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. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is currently 61.39%.

Insider Buying and Selling

In other news, EVP Axel Beck sold 4,223 shares of the business’s stock in a transaction on 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 owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. The trade was a 42.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the director directly owned 258,766 shares in the company, valued at approximately $75,282,792.38. The trade was 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 owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ITW. The Goldman Sachs Group reiterated a “sell” rating and set a $253.00 price objective on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. UBS Group restated a “neutral” rating and set a $285.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Barclays upped their price objective on Illinois Tool Works from $244.00 to $275.00 and gave the stock an “underweight” rating in a research note on Monday, February 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. Finally, Wolfe Research increased their price objective on shares of Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a report on Friday, February 27th. 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 company’s stock. According to data from MarketBeat, Illinois Tool Works has a consensus rating of “Reduce” and an average price target of $275.69.

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.