Natixis Advisors LLC Sells 65,269 Shares of Illinois Tool Works Inc. $ITW

Natixis Advisors LLC lowered its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 23.7% during the fourth quarter, Holdings Channel reports. The fund owned 210,621 shares of the industrial products company’s stock after selling 65,269 shares during the period. Natixis Advisors LLC’s holdings in Illinois Tool Works were worth $51,876,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Illinois Tool Works by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 26,887,218 shares of the industrial products company’s stock worth $6,622,322,000 after acquiring an additional 189,229 shares during the last quarter. Geode Capital Management LLC lifted its position in Illinois Tool Works by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 6,944,651 shares of the industrial products company’s stock valued at $1,709,734,000 after purchasing an additional 184,301 shares during the period. Capital Research Global Investors lifted its position in Illinois Tool Works by 3.0% during the 3rd quarter. Capital Research Global Investors now owns 4,493,555 shares of the industrial products company’s stock valued at $1,171,740,000 after purchasing an additional 131,702 shares during the period. Fisher Asset Management LLC lifted its position in Illinois Tool Works by 1.5% during the 4th quarter. Fisher Asset Management LLC now owns 3,705,081 shares of the industrial products company’s stock valued at $912,562,000 after purchasing an additional 54,519 shares during the period. Finally, Norges Bank acquired a new position in Illinois Tool Works during the 4th quarter valued at about $808,351,000. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

Shares of NYSE:ITW opened at $250.62 on Thursday. The company has a market capitalization of $72.10 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 4.27 and a beta of 1.01. The firm’s 50 day simple moving average is $259.23 and its 200 day simple moving average is $262.48. 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 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 announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Illinois Tool Works’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company posted $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, sell-side analysts forecast that Illinois Tool Works Inc. will post 11.37 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ITW. Truist Financial upped their target price on shares of Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research report on Wednesday, February 4th. Barclays cut their target price on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 1st. Wells Fargo & Company upped their target price on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research report on Monday, May 4th. UBS Group reiterated a “neutral” rating and issued a $285.00 price target on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Finally, Citigroup increased their price target 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. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Illinois Tool Works currently has an average rating of “Reduce” and a consensus target price of $271.92.

Illinois Tool Works Company 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.