Illinois Tool Works Inc. $ITW Holdings Cut by Park Avenue Securities LLC

Key Points

• Park Avenue Securities LLC cut its stake in Illinois Tool Works by 54.9% in Q4, selling 9,723 shares and leaving it with 7,994 shares valued at about $1.97 million per its latest 13F filing.
• Significant insider selling occurred: EVP Axel Beck sold 4,223 shares (~$1.23M) and director Ernest Scott Santi sold 167,345 shares (~$48.7M), reducing their holdings by roughly 42% and 39%, respectively.
• Analysts are mixed (MarketBeat consensus rating: "Reduce", target $275.69), while ITW slightly beat quarterly EPS estimates, set FY2026 guidance of 11.00–11.40 EPS, and announced a $1.61 quarterly dividend (2.5% yield).

Park Avenue Securities LLC lowered its stake in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 54.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,994 shares of the industrial products company's stock after selling 9,723 shares during the period. Park Avenue Securities LLC's holdings in Illinois Tool Works were worth $1,969,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cary Street Partners Investment Advisory LLC boosted its position in Illinois Tool Works by 4.2% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 988 shares of the industrial products company's stock valued at $244,000 after purchasing an additional 40 shares during the last quarter. Everpar Advisors LLC increased its position in Illinois Tool Works by 1.7% in the 3rd quarter. Everpar Advisors LLC now owns 2,574 shares of the industrial products company's stock worth $671,000 after purchasing an additional 42 shares during the last quarter. Confluence Wealth Services Inc. raised its stake in shares of Illinois Tool Works by 1.0% during the 3rd quarter. Confluence Wealth Services Inc. now owns 4,171 shares of the industrial products company's stock worth $1,087,000 after purchasing an additional 43 shares in the last quarter. Montag A & Associates Inc. lifted its holdings in shares of Illinois Tool Works by 0.7% during the 3rd quarter. Montag A & Associates Inc. now owns 6,605 shares of the industrial products company's stock valued at $1,733,000 after buying an additional 43 shares during the last quarter. Finally, BLB&B Advisors LLC lifted its holdings in shares of Illinois Tool Works by 2.9% during the 3rd quarter. BLB&B Advisors LLC now owns 1,605 shares of the industrial products company's stock valued at $419,000 after buying an additional 45 shares during the last quarter. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Illinois Tool Works news, EVP Axel Beck sold 4,223 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 5,789 shares in the company, valued at $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ernest Scott Santi sold 167,345 shares of the firm's stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total value of $48,685,680.85. Following the completion of the sale, the director directly owned 258,766 shares in the company, valued at approximately $75,282,792.38. This represents a 39.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.88% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ITW. The Goldman Sachs Group restated a "sell" rating and issued a $253.00 price objective on shares of Illinois Tool Works in a report on Tuesday, February 3rd. Robert W. Baird set a $278.00 target price on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Weiss Ratings restated a "buy (b-)" rating on shares of Illinois Tool Works in a research note on Wednesday, January 28th. JPMorgan Chase & Co. raised their price target on shares of Illinois Tool Works from $310.00 to $327.00 and gave the company an "overweight" rating in a report on Wednesday, March 4th. Finally, Citigroup upped their price objective on shares of Illinois Tool Works from $271.00 to $284.00 and gave the stock a "neutral" rating in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $275.69.

Illinois Tool Works Stock Up 2.0%

Shares of Illinois Tool Works stock opened at $262.77 on Tuesday. Illinois Tool Works Inc. has a 12-month low of $214.66 and a 12-month high of $303.15. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 2.07. The stock has a 50 day moving average price of $276.49 and a two-hundred day moving average price of $260.59. The stock has a market capitalization of $75.73 billion, a P/E ratio of 25.05, a PEG ratio of 13.77 and a beta of 1.12.

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

Illinois Tool Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 31st will be issued a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works's dividend payout ratio (DPR) is 61.39%.

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.

Want to see what other hedge funds are holding ITW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Illinois Tool Works Inc. (NYSE:ITW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.