Illinois Tool Works Inc. $ITW Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 43.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,178 shares of the industrial products company’s stock after selling 5,598 shares during the quarter. Securian Asset Management Inc.’s holdings in Illinois Tool Works were worth $1,768,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Cresta Advisors Ltd. acquired a new position in Illinois Tool Works during the 4th quarter valued at approximately $25,000. Lodestone Wealth Management LLC acquired a new position in Illinois Tool Works during the 4th quarter valued at approximately $28,000. Beacon Financial Strategies CORP acquired a new position in Illinois Tool Works during the 4th quarter valued at approximately $29,000. Ares Financial Consulting LLC acquired a new position in Illinois Tool Works during the 4th quarter valued at approximately $31,000. Finally, MTM Investment Management LLC increased its stake in Illinois Tool Works by 70.5% during the 3rd quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ITW. The Goldman Sachs Group restated a “sell” rating and set a $254.00 price target on shares of Illinois Tool Works in a research note on Thursday, April 30th. Evercore cut their price objective on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday. Truist Financial increased their price objective on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a research note on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and issued a $285.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a research note on Monday, April 27th. 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 company. According to MarketBeat.com, Illinois Tool Works currently has an average rating of “Reduce” and a consensus target price of $271.92.

Illinois Tool Works Stock Down 1.0%

NYSE:ITW opened at $252.16 on Tuesday. The firm has a market capitalization of $72.55 billion, a P/E ratio of 23.41, a PEG ratio of 4.38 and a beta of 1.04. Illinois Tool Works Inc. has a 1-year low of $238.82 and a 1-year high of $303.15. The company’s fifty day moving average price is $267.26 and its 200-day moving average price is $262.04. 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 announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the firm posted $2.38 earnings per share. The firm’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, equities research analysts anticipate that Illinois Tool Works Inc. will post 11.36 EPS for the current year.

Illinois Tool Works Announces Dividend

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

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.