PFG Advisors Sells 5,500 Shares of Illinois Tool Works Inc. $ITW

PFG Advisors reduced its position in Illinois Tool Works Inc. (NYSE:ITW) by 47.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,198 shares of the industrial products company’s stock after selling 5,500 shares during the period. PFG Advisors’ holdings in Illinois Tool Works were worth $1,527,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ITW. Caisse de depot et placement du Quebec lifted its holdings in shares of Illinois Tool Works by 293.0% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 424,547 shares of the industrial products company’s stock worth $110,705,000 after purchasing an additional 316,512 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Illinois Tool Works by 316.3% in the 4th quarter. SG Americas Securities LLC now owns 366,012 shares of the industrial products company’s stock worth $90,149,000 after purchasing an additional 278,085 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Illinois Tool Works by 161.3% in the 3rd quarter. Marshall Wace LLP now owns 400,152 shares of the industrial products company’s stock worth $104,344,000 after purchasing an additional 246,994 shares in the last quarter. Danske Bank A S bought a new position in shares of Illinois Tool Works in the 3rd quarter worth $46,737,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Illinois Tool Works by 15.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,156,043 shares of the industrial products company’s stock worth $301,467,000 after purchasing an additional 155,105 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Axel Beck sold 4,223 shares of Illinois Tool Works stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $290.22, for a total value of $1,225,599.06. Following the completion of the sale, the executive vice president 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $290.93, for a total value of $48,685,680.85. Following the completion of the sale, the director directly owned 258,766 shares of the company’s stock, valued at approximately $75,282,792.38. This trade represents a 39.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ITW shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. Barclays dropped their price objective on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Truist Financial raised their price objective on Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research note on Wednesday, February 4th. Citigroup raised their price objective on Illinois Tool Works from $271.00 to $284.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Finally, UBS Group restated a “neutral” rating and set a $285.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Illinois Tool Works presently has an average rating of “Reduce” and an average target price of $270.00.

Illinois Tool Works Trading Down 1.5%

Shares of ITW opened at $267.11 on Thursday. The business has a 50-day moving average of $274.52 and a 200 day moving average of $261.07. Illinois Tool Works Inc. has a fifty-two week low of $228.76 and a fifty-two week high of $303.15. The firm has a market cap of $76.95 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 4.87 and a beta of 1.13. 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 (NYSE:ITW) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.03. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.07 billion. During the same quarter last year, the firm posted $2.54 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. As a group, research analysts forecast that Illinois Tool Works Inc. will post 11.26 EPS for the current year.

Illinois Tool Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Tuesday, March 31st were issued a $1.61 dividend. The ex-dividend date of this dividend 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 61.39%.

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.