Rathbones Group PLC Has $5.90 Million Stock Position in Illinois Tool Works Inc. $ITW

Key Points

• Rathbones Group PLC cut its stake in Illinois Tool Works (NYSE:ITW) by 19.9% in Q3, selling 5,623 shares and now holding 22,642 shares worth $5.904 million.
• ITW beat Q4 estimates with $2.72 EPS vs. $2.69 expected and $4.09B revenue, and set FY2026 guidance of $11.00–$11.40 EPS versus analysts' average forecast of about $10.39.
• Major insider selling occurred: Director Ernest Scott Santi sold 167,345 shares for roughly $48.7M (a ~39% reduction in his holdings), and EVP Axel Beck also sold shares, leaving insiders with 0.88% ownership.

Rathbones Group PLC cut its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 19.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,642 shares of the industrial products company's stock after selling 5,623 shares during the period. Rathbones Group PLC's holdings in Illinois Tool Works were worth $5,904,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Corsicana & Co. acquired a new position in shares of Illinois Tool Works during the 3rd quarter worth $26,000. Vermillion & White Wealth Management Group LLC boosted its stake in Illinois Tool Works by 103.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the industrial products company's stock valued at $31,000 after buying an additional 63 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Illinois Tool Works in the second quarter valued at about $31,000. True Wealth Design LLC grew its position in Illinois Tool Works by 341.9% in the third quarter. True Wealth Design LLC now owns 137 shares of the industrial products company's stock valued at $36,000 after acquiring an additional 106 shares during the last quarter. Finally, MTM Investment Management LLC raised its stake in Illinois Tool Works by 70.5% during the third quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company's stock worth $42,000 after acquiring an additional 67 shares in the last quarter. Institutional investors own 79.77% of the company's stock.

Illinois Tool Works Stock Performance

Illinois Tool Works stock opened at $276.95 on Monday. The business has a 50 day moving average of $273.02 and a 200-day moving average of $260.47. The company has a market capitalization of $79.82 billion, a P/E ratio of 26.40, a P/E/G ratio of 14.84 and a beta of 1.13. Illinois Tool Works Inc. has a 1 year low of $214.66 and a 1 year high of $303.15. 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 (NYSE:ITW - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, topping the consensus estimate 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 business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.07 billion. During the same period last year, the company earned $2.54 EPS. The firm'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. On average, equities research analysts predict that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $1.61 per share. 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 61.39%.

Analyst Ratings Changes

ITW has been the topic of a number of research analyst reports. Citigroup raised their price target 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. Truist Financial upped their price objective on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a "hold" rating in a research report on Wednesday, February 4th. UBS Group reissued a "neutral" rating and issued a $285.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Evercore cut their target price on shares of Illinois Tool Works from $261.00 to $253.00 and set an "underperform" rating on the stock in a research report on Monday, November 17th. Finally, Wolfe Research upped their price target on shares of Illinois Tool Works from $276.00 to $295.00 and gave the stock an "underperform" rating in a report on Friday, February 27th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $275.69.

Insider Buying and Selling at Illinois Tool Works

In related news, Director Ernest Scott Santi sold 167,345 shares of the stock in a transaction on Wednesday, February 4th. The stock was 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 $75,282,792.38. This represents a 39.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Axel Beck sold 4,223 shares of the firm's stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $290.22, for a total value of $1,225,599.06. Following the transaction, the executive vice president directly owned 5,789 shares of the company's stock, valued at approximately $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.88% of the company's stock.

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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