World Investment Advisors Sells 2,379 Shares of Illinois Tool Works Inc. $ITW

World Investment Advisors decreased its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 14.1% in the 1st quarter, Holdings Channel reports. The firm owned 14,461 shares of the industrial products company’s stock after selling 2,379 shares during the quarter. World Investment Advisors’ holdings in Illinois Tool Works were worth $3,764,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ITW. Siemens Fonds Invest GmbH lifted its stake in shares of Illinois Tool Works by 70.1% in the third quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company’s stock valued at $4,753,000 after buying an additional 7,508 shares in the last quarter. Hudson Bay Capital Management LP increased its position in shares of Illinois Tool Works by 123.4% during the third quarter. Hudson Bay Capital Management LP now owns 23,063 shares of the industrial products company’s stock worth $6,014,000 after acquiring an additional 12,741 shares in the last quarter. Gradient Investments LLC raised its holdings in shares of Illinois Tool Works by 691.3% in the 4th quarter. Gradient Investments LLC now owns 62,677 shares of the industrial products company’s stock worth $15,437,000 after acquiring an additional 54,756 shares during the last quarter. Y.D. More Investments Ltd bought a new position in Illinois Tool Works in the 4th quarter valued at about $2,498,000. Finally, Vinva Investment Management Ltd lifted its position in Illinois Tool Works by 32.5% in the 3rd quarter. Vinva Investment Management Ltd now owns 76,587 shares of the industrial products company’s stock valued at $20,018,000 after acquiring an additional 18,801 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Analyst Upgrades and Downgrades

ITW has been the subject of a number of recent research reports. Barclays decreased their price objective on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Wells Fargo & Company raised their target price on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a report on Monday, May 4th. Evercore decreased their price target on Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. The Goldman Sachs Group reissued a “sell” rating and issued a $254.00 price target on shares of Illinois Tool Works in a research report on Thursday, April 30th. Finally, Citigroup raised their price objective on Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, Illinois Tool Works has a consensus rating of “Reduce” and an average price target of $273.54.

Illinois Tool Works Trading Up 0.0%

NYSE:ITW opened at $272.80 on Monday. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The firm has a 50-day moving average price of $258.09 and a two-hundred day moving average price of $264.69. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. The firm has a market cap of $78.49 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 4.69 and a beta of 1.00.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.09. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, equities analysts expect that Illinois Tool Works Inc. will post 11.37 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be given a $1.61 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 annualized dividend and a yield of 2.4%. Illinois Tool Works’s payout ratio is currently 59.80%.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, Director Jennifer F. Scanlon acquired 806 shares of Illinois Tool Works stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the purchase, the director directly owned 1,652 shares of the company’s stock, valued at $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.83% of the stock is owned by company insiders.

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.