Illinois Tool Works Inc. $ITW Shares Sold by Savant Capital LLC

Savant Capital LLC reduced its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 27.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,936 shares of the industrial products company’s stock after selling 4,408 shares during the quarter. Savant Capital LLC’s holdings in Illinois Tool Works were worth $2,940,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cresta Advisors Ltd. acquired a new position in Illinois Tool Works in the fourth quarter valued at $25,000. Lodestone Wealth Management LLC acquired a new position in Illinois Tool Works in the fourth quarter valued at $28,000. Beacon Financial Strategies CORP acquired a new position in Illinois Tool Works in the fourth quarter valued at $29,000. Ares Financial Consulting LLC acquired a new position in Illinois Tool Works in the fourth quarter valued at $31,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Illinois Tool Works in the fourth quarter valued at $39,000. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Evercore dropped their price objective on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Truist Financial lifted their price objective on shares of Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research note on Wednesday, February 4th. Wells Fargo & Company lifted their price objective on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research note on Monday, May 4th. The Goldman Sachs Group restated a “sell” rating and issued a $254.00 price objective on shares of Illinois Tool Works in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $278.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, February 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 stock. Based on data from MarketBeat.com, Illinois Tool Works currently has an average rating of “Reduce” and an average target price of $271.92.

Illinois Tool Works Stock Down 1.0%

Shares of NYSE:ITW opened at $247.11 on Friday. The company has a market cap of $71.09 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 4.25 and a beta of 1.04. The firm’s 50-day simple moving average is $259.94 and its 200-day simple moving average is $262.28. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15.

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

Illinois Tool Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a $1.61 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.6%. Illinois Tool Works’s payout ratio is presently 59.80%.

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.