AdvisorShares Investments LLC Increases Holdings in Illinois Tool Works Inc. $ITW

AdvisorShares Investments LLC boosted its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 1,222.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,287 shares of the industrial products company’s stock after purchasing an additional 2,114 shares during the quarter. AdvisorShares Investments LLC’s holdings in Illinois Tool Works were worth $596,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Frazier Financial Advisors LLC purchased a new stake in shares of Illinois Tool Works in the second quarter valued at about $25,000. Corsicana & Co. acquired a new position in Illinois Tool Works in the 3rd quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC grew its stake in shares of Illinois Tool Works by 103.3% in the 2nd 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 during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Illinois Tool Works in the 2nd quarter valued at approximately $31,000. Finally, True Wealth Design LLC increased its holdings in shares of Illinois Tool Works by 341.9% during the 3rd quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock worth $36,000 after buying an additional 106 shares during the last quarter. 79.77% of the stock is owned by institutional investors and hedge funds.

Illinois Tool Works Stock Up 1.9%

Shares of NYSE:ITW opened at $293.63 on Friday. The firm has a market capitalization of $85.18 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 15.78 and a beta of 1.15. Illinois Tool Works Inc. has a 1 year low of $214.66 and a 1 year high of $294.79. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 1.11. The firm’s 50-day moving average is $256.81 and its two-hundred day moving average is $255.83.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, beating 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 during 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 business’s revenue for the quarter 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.

Insider Activity at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of the business’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 owned 258,766 shares in the company, valued at $75,282,792.38. The trade was a 39.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.88% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wolfe Research decreased their price objective on Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating on the stock in a report on Wednesday. Citigroup lifted their target price on Illinois Tool Works from $271.00 to $284.00 and gave the company a “neutral” rating in a research report on Wednesday. Bank of America raised Illinois Tool Works from an “underperform” rating to a “neutral” rating and upped their price target for the company from $220.00 to $255.00 in a research note on Tuesday, November 18th. UBS Group reissued a “neutral” rating and set a $285.00 price objective on shares of Illinois Tool Works in a research report on Wednesday. Finally, Robert W. Baird set a $278.00 price objective on shares of Illinois Tool Works in a report on Wednesday. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $270.54.

Illinois Tool Works 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.