Illinois Tool Works Inc. $ITW Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 14.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,513 shares of the industrial products company’s stock after selling 3,989 shares during the period. Vontobel Holding Ltd.’s holdings in Illinois Tool Works were worth $6,049,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Illinois Tool Works during the second quarter valued at approximately $5,017,000. Sanctuary Advisors LLC purchased a new position in shares of Illinois Tool Works during the second quarter valued at approximately $14,028,000. Cibc World Market Inc. bought a new stake in shares of Illinois Tool Works in the 2nd quarter worth approximately $3,887,000. Sapient Capital LLC boosted its position in shares of Illinois Tool Works by 227.7% in the 2nd quarter. Sapient Capital LLC now owns 13,611 shares of the industrial products company’s stock worth $3,703,000 after purchasing an additional 9,457 shares in the last quarter. Finally, Fidelity National Financial Inc. purchased a new stake in shares of Illinois Tool Works in the 2nd quarter worth approximately $20,583,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

Illinois Tool Works Stock Up 0.5%

Shares of Illinois Tool Works stock opened at $272.47 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.81 and a current ratio of 1.11. The stock has a market capitalization of $77.60 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 2.94 and a beta of 0.96. Illinois Tool Works Inc. has a 52-week low of $238.82 and a 52-week high of $303.15. The company has a 50-day simple moving average of $273.50 and a two-hundred day simple moving average of $268.38.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.04. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the prior year, the firm posted $2.58 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, analysts anticipate that Illinois Tool Works Inc. will post 11.42 EPS for the current fiscal year.

Illinois Tool Works Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Wednesday, September 30th were issued a $1.72 dividend. This represents a $6.88 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Wednesday, September 30th. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s dividend payout ratio (DPR) is presently 62.38%.

Insider Activity at Illinois Tool Works

In related news, Director Ernest Santi sold 41,431 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total value of $11,894,425.79. Following the transaction, the director directly owned 266,288 shares of the company’s stock, valued at approximately $76,448,621.92. This represents a 13.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Matteo Pigozzo sold 277 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $289.22, for a total value of $80,113.94. Following the sale, the chief accounting officer owned 3,394 shares in the company, valued at approximately $981,612.68. This represents a 7.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ITW shares. Citigroup reaffirmed a “neutral” rating on shares of Illinois Tool Works in a research report on Monday, July 13th. Weiss Ratings cut Illinois Tool Works from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. UBS Group set a $277.00 target price on Illinois Tool Works in a report on Friday, October 9th. Robert W. Baird increased their target price on Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. One research 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, the stock currently has an average rating of “Reduce” and an average price target of $273.42.

About Illinois Tool Works

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces specialized equipment, components, consumables and systems for customers in a range of industries. Founded in 1912 and headquartered in Glenview, Illinois, the company serves markets worldwide through a portfolio of highly engineered businesses.

ITW’s operations include food equipment, automotive components, welding products, test and measurement equipment, electronics materials, polymers and fluids, construction products, and specialty products.