Norris Perne & French LLP MI Lowers Stock Holdings in Illinois Tool Works Inc. $ITW

Key Points

• Norris Perne & French LLP MI cut its stake in Illinois Tool Works (NYSE:ITW) by 48.6% in Q4, selling 29,585 shares and leaving it with 31,342 shares valued at about $7.72 million.
• Illinois Tool Works reported Q earnings of $2.72 EPS (beating the $2.69 estimate) and revenue of $4.09 billion, set FY2026 guidance of 11.00–11.40 EPS, while analysts' consensus is a "Reduce" rating with an average target of $270.
• Major insider selling occurred: Director Ernest Scott Santi sold 167,345 shares (~$48.7M) and EVP Axel Beck sold 4,223 shares, leaving corporate insiders with just 0.83% ownership.

Norris Perne & French LLP MI trimmed its position in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 48.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,342 shares of the industrial products company's stock after selling 29,585 shares during the quarter. Norris Perne & French LLP MI's holdings in Illinois Tool Works were worth $7,719,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mayflower Financial Advisors LLC raised its stake in Illinois Tool Works by 3.8% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,065 shares of the industrial products company's stock valued at $262,000 after purchasing an additional 39 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in Illinois Tool Works by 1.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 3,015 shares of the industrial products company's stock valued at $743,000 after purchasing an additional 40 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in Illinois Tool Works by 22.3% in the fourth quarter. JFS Wealth Advisors LLC now owns 219 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 40 shares in the last quarter. Everpar Advisors LLC raised its stake in Illinois Tool Works by 1.7% in the third quarter. Everpar Advisors LLC now owns 2,574 shares of the industrial products company's stock valued at $671,000 after purchasing an additional 42 shares in the last quarter. Finally, Eagle Strategies LLC raised its stake in Illinois Tool Works by 3.2% in the fourth quarter. Eagle Strategies LLC now owns 1,339 shares of the industrial products company's stock valued at $330,000 after purchasing an additional 42 shares in the last quarter. 79.77% of the stock is owned by hedge funds and other institutional investors.

Illinois Tool Works Trading Up 1.3%

ITW opened at $274.14 on Tuesday. The business has a 50 day simple moving average of $277.45 and a two-hundred day simple moving average of $260.65. The firm has a market capitalization of $78.98 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 14.47 and a beta of 1.13. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. Illinois Tool Works Inc. has a one year low of $224.90 and a one year high of $303.15.

Illinois Tool Works (NYSE:ITW - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.03. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The firm had revenue of $4.09 billion for the quarter, compared to analysts' expectations of $4.07 billion. During the same period in the previous year, the firm earned $2.54 earnings per share. The business's 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. Analysts predict that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Announces Dividend

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

Insider Buying and Selling at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of the company's stock in a transaction on 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Axel Beck sold 4,223 shares of the company's stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the completion of the transaction, the executive vice president owned 5,789 shares of the company's stock, valued at $1,680,083.58. This trade represents a 42.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.83% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ITW has been the topic of a number of recent analyst reports. Wolfe Research raised their target price on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an "underperform" rating in a research note on Friday, February 27th. Truist Financial raised 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 note on Wednesday, February 4th. Citigroup raised 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 note on Wednesday, February 4th. Robert W. Baird set a $278.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and issued a $253.00 target price on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Illinois Tool Works currently has a consensus rating of "Reduce" and an average target price of $270.00.

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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