179,214 Illinois Tool Works Inc. $ITW Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Illinois Tool Works position by 99.2%, selling 179,214 shares in the third quarter and retaining 1,490 shares worth approximately $383,000. Institutional investors collectively own 79.77% of ITW.
• Illinois Tool Works reported quarterly EPS of $2.84, exceeding estimates, while revenue rose 6.1% year over year to $4.30 billion. The company also increased its quarterly dividend to $1.72 per share, representing a 2.5% annualized yield.
• Analyst sentiment remains cautious, with the stock carrying an average “Reduce” rating and a $273.42 target price; JPMorgan recently downgraded ITW to “neutral” and lowered its target to $270.

Curated Wealth Partners LLC cut its position in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 99.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,490 shares of the industrial products company's stock after selling 179,214 shares during the quarter. Curated Wealth Partners LLC's holdings in Illinois Tool Works were worth $383,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. WealthPlan Investment Management LLC bought a new stake in shares of Illinois Tool Works in the 3rd quarter valued at about $267,000. Viking Fund Management LLC grew its holdings in Illinois Tool Works by 58.8% during the third quarter. Viking Fund Management LLC now owns 27,000 shares of the industrial products company's stock worth $6,947,000 after purchasing an additional 10,000 shares during the period. FOCUS Wealth Advisors LLC bought a new position in Illinois Tool Works during the third quarter worth about $300,000. Mitchell & Pahl Private Wealth LLC increased its position in Illinois Tool Works by 6.7% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 9,910 shares of the industrial products company's stock worth $2,550,000 after buying an additional 624 shares during the last quarter. Finally, Lodestone Wealth Management LLC increased its position in Illinois Tool Works by 42.1% during the third quarter. Lodestone Wealth Management LLC now owns 162 shares of the industrial products company's stock worth $42,000 after buying an additional 48 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Illinois Tool Works Stock Performance

Shares of ITW stock opened at $272.47 on Friday. The company has a market capitalization of $77.60 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 2.94 and a beta of 0.96. 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 company has a 50-day simple moving average of $273.50 and a 200 day simple moving average of $268.38. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15.

Illinois Tool Works (NYSE:ITW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 EPS for the quarter, beating analysts' consensus estimates of $2.80 by $0.04. The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. During the same quarter in the prior year, the business earned $2.58 EPS. Illinois Tool Works's quarterly 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, sell-side analysts predict that Illinois Tool Works Inc. will post 11.42 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th were issued a dividend of $1.72 per share. This is an increase from Illinois Tool Works's previous quarterly dividend of $1.61. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 30th. Illinois Tool Works's payout ratio is 62.38%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. JPMorgan Chase & Co. lowered Illinois Tool Works from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $350.00 to $270.00 in a research note on Friday, October 9th. UBS Group set a $277.00 target price on Illinois Tool Works in a research note on Friday, October 9th. Weiss Ratings lowered Illinois Tool Works from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday. Citigroup reissued a "neutral" rating on shares of Illinois Tool Works in a report on Monday, July 13th. Finally, Wolfe Research restated an "underperform" rating and issued a $286.00 price target on shares of Illinois Tool Works in a research note on Thursday, July 9th. One equities 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 company's stock. According to MarketBeat.com, Illinois Tool Works currently has an average rating of "Reduce" and an average target price of $273.42.

Insiders Place Their Bets

In other news, Director Ernest Santi sold 41,431 shares of the business's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $287.09, for a total value of $11,894,425.79. Following the completion of the sale, the director owned 266,288 shares of the company's stock, valued at approximately $76,448,621.92. The trade was a 13.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matteo Pigozzo sold 277 shares of the business's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $289.22, for a total transaction of $80,113.94. Following the completion of the sale, the chief accounting officer directly owned 3,394 shares of the company's stock, valued at approximately $981,612.68. The trade was a 7.55% decrease in their position. The SEC filing for this sale provides additional information. 0.83% of the stock is currently owned by company insiders.

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.

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