Gradient Investments LLC Has $15.44 Million Stock Position in Illinois Tool Works Inc. $ITW

Gradient Investments LLC boosted its stake in Illinois Tool Works Inc. (NYSE:ITW) by 691.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,677 shares of the industrial products company’s stock after acquiring an additional 54,756 shares during the period. Gradient Investments LLC’s holdings in Illinois Tool Works were worth $15,437,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. AE Wealth Management LLC lifted its holdings in Illinois Tool Works by 128.4% in the third quarter. AE Wealth Management LLC now owns 9,128 shares of the industrial products company’s stock valued at $2,380,000 after buying an additional 5,131 shares during the period. Madison Asset Management LLC grew its holdings in Illinois Tool Works by 411.8% during the 3rd quarter. Madison Asset Management LLC now owns 87,875 shares of the industrial products company’s stock worth $22,914,000 after acquiring an additional 70,704 shares during the period. Mediolanum International Funds Ltd raised its position in shares of Illinois Tool Works by 10.4% in the 3rd quarter. Mediolanum International Funds Ltd now owns 103,161 shares of the industrial products company’s stock worth $26,964,000 after acquiring an additional 9,738 shares in the last quarter. Brendel Financial Advisors LLC raised its position in shares of Illinois Tool Works by 1,328.6% in the 3rd quarter. Brendel Financial Advisors LLC now owns 13,929 shares of the industrial products company’s stock worth $3,632,000 after acquiring an additional 12,954 shares in the last quarter. Finally, Siemens Fonds Invest GmbH lifted its stake in shares of Illinois Tool Works by 70.1% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company’s stock valued at $4,753,000 after purchasing an additional 7,508 shares during the period. Institutional investors own 79.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays raised their target price 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. The Goldman Sachs Group reissued a “sell” rating and issued a $253.00 price target on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Wells Fargo & Company increased their price target on Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” rating in a report on Wednesday, February 4th. Wolfe Research lifted their price objective on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research note on Friday, February 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Illinois Tool Works from $310.00 to $327.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $275.69.

Illinois Tool Works Stock Down 1.1%

ITW stock opened at $257.76 on Monday. The stock’s 50 day simple moving average is $276.32 and its 200 day simple moving average is $260.61. The company has a market cap of $74.28 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 13.77 and a beta of 1.12. 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 fifty-two week low of $214.66 and a fifty-two week high of $303.15.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.03. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.07 billion. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, research analysts expect that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The firm 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 $1.61 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.44 annualized dividend and a yield of 2.5%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 61.39%.

Insiders Place Their Bets

In other Illinois Tool Works news, EVP Axel Beck sold 4,223 shares of the firm’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 of the company’s stock, valued at approximately $1,680,083.58. This trade represents a 42.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the transaction, the director 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 SEC filing for this sale provides additional information. Insiders own 0.88% of the company’s stock.

Illinois Tool Works 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.