Morningstar Investment Management LLC Sells 15,534 Shares of Illinois Tool Works Inc. $ITW

Morningstar Investment Management LLC trimmed its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 42.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,271 shares of the industrial products company’s stock after selling 15,534 shares during the period. Morningstar Investment Management LLC’s holdings in Illinois Tool Works were worth $5,239,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. HBK Sorce Advisory LLC lifted its holdings in shares of Illinois Tool Works by 17.4% during the 4th quarter. HBK Sorce Advisory LLC now owns 2,721 shares of the industrial products company’s stock worth $670,000 after acquiring an additional 403 shares during the period. Todd Asset Management LLC increased its position in shares of Illinois Tool Works by 4.9% during the 4th quarter. Todd Asset Management LLC now owns 3,552 shares of the industrial products company’s stock worth $875,000 after purchasing an additional 166 shares in the last quarter. Wealthquest Corp acquired a new stake in Illinois Tool Works in the 4th quarter valued at about $275,000. Swedbank AB increased its position in Illinois Tool Works by 12.6% in the 4th quarter. Swedbank AB now owns 94,964 shares of the industrial products company’s stock valued at $23,390,000 after acquiring an additional 10,609 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Illinois Tool Works in the 4th quarter valued at about $576,000. 79.77% of the stock is owned by institutional investors.

Illinois Tool Works Stock Up 0.1%

Illinois Tool Works stock opened at $252.34 on Monday. The company’s 50 day simple moving average is $261.54 and its 200 day simple moving average is $262.23. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The firm has a market capitalization of $72.60 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 4.33 and a beta of 1.04. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86.

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

Illinois Tool Works Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on ITW shares. Citigroup raised their price objective on shares of Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Wolfe Research raised 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 report on Friday, February 27th. Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Monday, April 27th. The Goldman Sachs Group restated a “sell” rating and issued a $254.00 price objective on shares of Illinois Tool Works in a research report on Thursday, April 30th. Finally, Evercore lowered their price objective on shares of Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Illinois Tool Works has a consensus rating of “Reduce” and a consensus target price of $271.92.

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.