Squarepoint Ops LLC Raises Position in Illinois Tool Works Inc. $ITW

Squarepoint Ops LLC raised its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 6.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 384,604 shares of the industrial products company’s stock after buying an additional 24,022 shares during the quarter. Squarepoint Ops LLC owned about 0.13% of Illinois Tool Works worth $100,289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in shares of 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 in the last quarter. Bison Wealth LLC raised its stake in Illinois Tool Works by 2.3% in 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 in the last quarter. Sivia Capital Partners LLC lifted its position in 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 valued at $257,000 after purchasing an additional 177 shares during the last quarter. AE Wealth Management LLC grew its stake in Illinois Tool Works by 27.8% in the 2nd quarter. AE Wealth Management LLC now owns 3,997 shares of the industrial products company’s stock worth $988,000 after buying an additional 870 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Illinois Tool Works by 11.4% in the 2nd quarter. Allworth Financial LP now owns 5,115 shares of the industrial products company’s stock worth $1,265,000 after buying an additional 525 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ITW has been the subject of several research reports. Bank of America upgraded 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 research report on Tuesday, November 18th. Wells Fargo & Company lifted their price target on Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. The Goldman Sachs Group reiterated a “sell” rating and set a $253.00 price objective on shares of Illinois Tool Works in a research report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Illinois Tool Works from $310.00 to $327.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Two 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $275.69.

Insider Activity at Illinois Tool Works

In other Illinois Tool Works news, EVP Axel Beck sold 4,223 shares of Illinois Tool Works stock in a transaction that occurred 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 transaction, the executive vice president directly owned 5,789 shares of the company’s stock, valued at $1,680,083.58. The trade was a 42.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ernest Scott Santi sold 167,345 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were 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 of the company’s stock, valued at $75,282,792.38. The trade was a 39.27% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is owned by company insiders.

Illinois Tool Works Price Performance

Shares of NYSE:ITW opened at $267.09 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 2.07. The stock has a market cap of $76.97 billion, a PE ratio of 25.46, a PEG ratio of 14.22 and a beta of 1.13. The company’s fifty day moving average is $275.20 and its 200 day moving average is $260.72. Illinois Tool Works Inc. has a 52 week low of $214.66 and a 52 week high of $303.15.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.03. The business had revenue of $4.09 billion during 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 company’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Research analysts anticipate that Illinois Tool Works Inc. will post 10.39 earnings per share 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. Investors of record on Tuesday, March 31st will be given a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio (DPR) is presently 61.39%.

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.