HORAN Wealth LLC Sells 14,623 Shares of Illinois Tool Works Inc. $ITW

Key Points

• HORAN Wealth LLC cut its Illinois Tool Works stake by 48.4% in the second quarter, selling 14,623 shares and retaining 15,583 shares valued at approximately $4.2 million. Institutional investors collectively own 79.77% of ITW.
• Illinois Tool Works exceeded quarterly expectations with EPS of $2.84 and revenue of $4.30 billion, up 6.1% year over year. The company also raised its quarterly dividend to $1.72 per share, representing a 2.5% yield.
• ITW shares opened at $269.99, while analyst sentiment remained cautious: the stock has a consensus “Reduce” rating and an average price target of $281.25. Company insiders also recently reported share sales.

HORAN Wealth LLC reduced its position in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 48.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,583 shares of the industrial products company's stock after selling 14,623 shares during the quarter. HORAN Wealth LLC's holdings in Illinois Tool Works were worth $4,215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of ITW. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Illinois Tool Works in the 2nd quarter worth $5,017,000. Sanctuary Advisors LLC purchased a new position in shares of Illinois Tool Works in the 2nd quarter worth approximately $14,028,000. Pacific Heights Asset Management LLC raised its stake in shares of Illinois Tool Works by 15.0% during the 4th quarter. Pacific Heights Asset Management LLC now owns 115,000 shares of the industrial products company's stock worth $28,324,000 after acquiring an additional 15,000 shares in the last quarter. Cibc World Market Inc. purchased a new stake in Illinois Tool Works during the second quarter valued at approximately $3,887,000. Finally, MUFG Securities EMEA plc grew its holdings in Illinois Tool Works by 113.2% in the fourth quarter. MUFG Securities EMEA plc now owns 10,822 shares of the industrial products company's stock worth $2,665,000 after purchasing an additional 5,745 shares during the last quarter. Institutional investors own 79.77% of the company's stock.

Illinois Tool Works Stock Down 0.0%

Illinois Tool Works stock opened at $269.99 on Monday. The business's 50-day simple moving average is $280.40 and its two-hundred day simple moving average is $270.43. 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 market cap of $76.89 billion, a PE ratio of 24.48, a PEG ratio of 3.66 and a beta of 0.98. 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.04. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.The firm had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.19 billion. During the same period last year, the business posted $2.58 earnings per share. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. Equities analysts anticipate that Illinois Tool Works Inc. will post 11.45 EPS for the current year.

Illinois Tool Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $1.72 per share. This represents a $6.88 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, September 30th. This is a positive change from Illinois Tool Works's previous quarterly dividend of $1.61. Illinois Tool Works's dividend payout ratio (DPR) is presently 58.39%.

Insider Buying and Selling at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Santi sold 41,431 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total transaction of $11,894,425.79. Following the sale, the director directly owned 266,288 shares of the company's stock, valued at approximately $76,448,621.92. This trade represents a 13.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matteo C. 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 value of $80,113.94. Following the completion of the transaction, the chief accounting officer directly owned 3,394 shares of the company's stock, valued at approximately $981,612.68. This trade represents a 7.55% decrease in their position. The SEC filing for this sale provides additional information. 0.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ITW shares. Citigroup reiterated a "neutral" rating on shares of Illinois Tool Works in a report on Monday, July 13th. UBS Group reiterated a "neutral" rating and issued a $300.00 price target on shares of Illinois Tool Works in a research note on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price target on Illinois Tool Works from $310.00 to $350.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Evercore cut their price objective on shares of Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Finally, Robert W. Baird lifted their target price on shares of Illinois Tool Works from $278.00 to $297.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $281.25.

About Illinois Tool Works

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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