Barclays PLC Sells 13,067 Shares of Illinois Tool Works Inc. $ITW

Key Points

• Barclays PLC trimmed its stake in Illinois Tool Works by 2.0%, selling 13,067 shares and finishing the quarter with 652,880 shares (about 0.23% of the company) valued at roughly $170.25 million; institutional investors and hedge funds collectively own about 79.77% of ITW.
• Illinois Tool Works slightly beat fourth-quarter expectations (EPS $2.72 vs. $2.69; revenue $4.09B vs. $4.07B) and set FY 2026 guidance of 11.00–11.40 EPS, with the stock trading near $276.95 and a market cap of about $79.8B (PE ~26.4).
• There was notable insider selling—Director Ernest Scott Santi sold 167,345 shares for roughly $48.7M (the EVP also sold 4,223 shares)—and the company announced a quarterly dividend of $1.61 (annualized $6.44, yield ~2.3%).

Barclays PLC reduced its position in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 2.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 652,880 shares of the industrial products company's stock after selling 13,067 shares during the quarter. Barclays PLC owned about 0.23% of Illinois Tool Works worth $170,245,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Illinois Tool Works in the 2nd quarter valued at $821,888,000. Massachusetts Financial Services Co. MA boosted its stake in Illinois Tool Works by 12.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,797,055 shares of the industrial products company's stock valued at $938,822,000 after buying an additional 415,982 shares during the period. Laurel Wealth Advisors LLC grew its position in Illinois Tool Works by 24,625.1% during the second quarter. Laurel Wealth Advisors LLC now owns 343,431 shares of the industrial products company's stock worth $84,913,000 after buying an additional 342,042 shares in the last quarter. Vanguard Group Inc. grew its position in Illinois Tool Works by 1.3% during the second quarter. Vanguard Group Inc. now owns 26,723,774 shares of the industrial products company's stock worth $6,607,453,000 after buying an additional 335,955 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Illinois Tool Works by 9.1% in the 2nd quarter. Invesco Ltd. now owns 2,220,345 shares of the industrial products company's stock worth $548,980,000 after acquiring an additional 185,416 shares during the last quarter. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Illinois Tool Works Price Performance

Shares of Illinois Tool Works stock opened at $276.95 on Friday. The firm has a market capitalization of $79.82 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 14.84 and a beta of 1.13. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07. Illinois Tool Works Inc. has a 12 month low of $214.66 and a 12 month high of $303.15. The business's 50-day moving average price is $273.02 and its 200-day moving average price is $260.48.

Illinois Tool Works (NYSE:ITW - Get Free Report) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.03. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.07 billion. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.Illinois Tool Works's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Sell-side analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works's payout ratio is presently 61.39%.

Insiders Place Their Bets

In related news, EVP Axel Beck sold 4,223 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the completion of the transaction, the director owned 258,766 shares in the company, valued at approximately $75,282,792.38. The trade was a 39.27% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ITW shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Wolfe Research upped their price objective on shares of Illinois Tool Works from $276.00 to $295.00 and gave the stock an "underperform" rating in a research report on Friday, February 27th. Citigroup lifted their target price on shares of Illinois Tool Works from $271.00 to $284.00 and gave the company a "neutral" rating in a research report on Wednesday, February 4th. Bank of America raised shares of Illinois Tool Works from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $220.00 to $255.00 in a research note on Tuesday, November 18th. Finally, Robert W. Baird set a $278.00 price target on shares of Illinois Tool Works in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat, Illinois Tool Works has a consensus rating of "Reduce" and a consensus target price of $275.69.

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.

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