Spire Wealth Management Sells 5,069 Shares of Illinois Tool Works Inc. $ITW

Key Points

• Spire Wealth Management cut its stake in Illinois Tool Works by 92.2%, selling 5,069 shares and leaving 430 shares valued at about $106,000 at quarter-end.
• Company insiders executed large sales — Director Ernest Scott Santi sold 167,345 shares (~$48.7M) and EVP Axel Beck sold 4,223 shares — leaving insider ownership around 0.88%.
• Illinois Tool Works slightly beat quarterly expectations (EPS $2.72 vs. $2.69; revenue $4.09B vs. $4.07B) and set FY2026 guidance of $11.00–$11.40 EPS, above analysts' current-year estimate of about $10.39.

Spire Wealth Management reduced its holdings in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 92.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 430 shares of the industrial products company's stock after selling 5,069 shares during the quarter. Spire Wealth Management's holdings in Illinois Tool Works were worth $106,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in Illinois Tool Works by 5.3% during the fourth quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company's stock valued at $1,399,000 after purchasing an additional 277 shares during the last quarter. Bison Wealth LLC raised its position in shares of Illinois Tool Works by 2.3% during the 4th quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company's stock valued at $901,000 after buying an additional 81 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Illinois Tool Works by 20.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company's stock valued at $257,000 after buying an additional 177 shares in the last quarter. Panagora Asset Management Inc. grew its position in Illinois Tool Works by 1.9% in the second quarter. Panagora Asset Management Inc. now owns 4,558 shares of the industrial products company's stock worth $1,127,000 after acquiring an additional 85 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Illinois Tool Works in the second quarter valued at $31,000. Institutional investors own 79.77% of the company's stock.

Illinois Tool Works Price Performance

ITW opened at $258.38 on Friday. The stock's 50 day simple moving average is $276.65 and its 200 day simple moving average is $260.40. 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 1 year low of $214.66 and a 1 year high of $303.15. The firm has a market cap of $74.43 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 13.82 and a beta of 1.13.

Illinois Tool Works (NYSE:ITW - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.03. The firm 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%.The business's revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. As a group, analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st will be given a dividend of $1.61 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.44 annualized dividend and a yield of 2.5%. Illinois Tool Works's dividend payout ratio is presently 61.39%.

Insiders Place Their Bets

In other Illinois Tool Works news, EVP Axel Beck sold 4,223 shares of the business's stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $290.22, for a total value of $1,225,599.06. Following the transaction, the executive vice president owned 5,789 shares in the company, valued at approximately $1,680,083.58. The trade was a 42.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ernest Scott Santi sold 167,345 shares of the company's stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the transaction, the director directly owned 258,766 shares of the company's stock, valued at approximately $75,282,792.38. This trade represents a 39.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by company insiders.

Analyst Ratings Changes

ITW has been the subject of a number of research reports. The Goldman Sachs Group reiterated a "sell" rating and issued a $253.00 price objective on shares of Illinois Tool Works in a report on Tuesday, February 3rd. JPMorgan Chase & Co. boosted their target price on Illinois Tool Works from $310.00 to $327.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 4th. Truist Financial upped their target price on Illinois Tool Works from $275.00 to $280.00 and gave the stock a "hold" rating in a research note on Wednesday, February 4th. Wolfe Research lifted their price target on shares of Illinois Tool Works from $276.00 to $295.00 and gave the stock an "underperform" rating in a research note on Friday, February 27th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $271.85.

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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