Massachusetts Financial Services Co. MA Has $859.30 Million Position in Illinois Tool Works Inc. $ITW

Massachusetts Financial Services Co. MA reduced its stake in Illinois Tool Works Inc. (NYSE:ITW) by 6.6% during the fourth quarter, HoldingsChannel reports. The firm owned 3,488,816 shares of the industrial products company’s stock after selling 247,194 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Illinois Tool Works were worth $859,295,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ITW. Brighton Jones LLC boosted its stake in shares of Illinois Tool Works by 5.3% in the 4th quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock valued at $1,399,000 after purchasing an additional 277 shares in the last quarter. Bison Wealth LLC boosted its stake in shares of Illinois Tool Works by 2.3% in the 4th 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 boosted its stake in shares of Illinois Tool Works by 20.6% in the 2nd 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 in the last quarter. Intact Investment Management Inc. acquired a new stake in shares of Illinois Tool Works in the 2nd quarter valued at approximately $74,000. Finally, Sei Investments Co. boosted its stake in shares of Illinois Tool Works by 22.0% in the 2nd quarter. Sei Investments Co. now owns 106,784 shares of the industrial products company’s stock valued at $26,401,000 after purchasing an additional 19,248 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Illinois Tool Works Stock Down 1.0%

Shares of NYSE ITW opened at $270.50 on Friday. The company has a 50 day simple moving average of $277.26 and a 200 day simple moving average of $260.54. The firm has a market cap of $77.93 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 14.62 and a beta of 1.13. Illinois Tool Works Inc. has a 1 year low of $223.69 and a 1 year high of $303.15. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, research analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st were issued a dividend of $1.61 per share. The ex-dividend date was Tuesday, March 31st. This represents a $6.44 annualized dividend and a yield of 2.4%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 61.39%.

Insider Activity at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of the firm’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 transaction of $48,685,680.85. Following the completion of the transaction, the director owned 258,766 shares in the company, valued at approximately $75,282,792.38. This trade represents a 39.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Axel Beck sold 4,223 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the transaction, 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 SEC filing for this sale provides additional information. 0.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ITW. Citigroup raised their price target on shares of Illinois Tool Works from $271.00 to $284.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Wolfe Research raised their price target 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. Wells Fargo & Company dropped their price objective on shares of Illinois Tool Works from $270.00 to $245.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Truist Financial raised their price objective on shares of Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a report on Wednesday, February 4th. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $253.00 price objective on shares of Illinois Tool Works in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $270.00.

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.