Bahl & Gaynor Inc. Sells 33,347 Shares of Illinois Tool Works Inc. $ITW

Bahl & Gaynor Inc. lowered its stake in Illinois Tool Works Inc. (NYSE:ITW) by 5.0% during the third quarter, Holdings Channel reports. The firm owned 634,255 shares of the industrial products company’s stock after selling 33,347 shares during the period. Bahl & Gaynor Inc.’s holdings in Illinois Tool Works were worth $165,388,000 at the end of the most recent reporting period.

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

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 on 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 sale, the executive vice president 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the business’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 transaction, 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 SEC filing for this sale provides additional information. Corporate insiders own 0.88% of the company’s stock.

Illinois Tool Works Stock Down 0.1%

Shares of NYSE:ITW opened at $290.08 on Monday. The firm has a market cap of $83.60 billion, a P/E ratio of 27.65, a P/E/G ratio of 15.56 and a beta of 1.12. Illinois Tool Works Inc. has a 12-month low of $214.66 and a 12-month high of $303.15. The business has a fifty day simple moving average of $269.75 and a 200 day simple moving average of $259.64. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 2.07.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results 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. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.07 billion. During the same quarter in the prior year, the firm posted $2.54 earnings per share. The business’s quarterly revenue was up 4.1% on a year-over-year basis. 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 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. Stockholders of record on Tuesday, March 31st will be given a $1.61 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.2%. Illinois Tool Works’s payout ratio is 61.39%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” rating in a report on Wednesday, February 4th. Wolfe Research lifted their target price on Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research report on Friday. UBS Group reissued a “neutral” rating and issued a $285.00 target price on shares of Illinois Tool Works in a report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their price target on shares of Illinois Tool Works from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Finally, Barclays increased their price objective on shares of Illinois Tool Works from $244.00 to $275.00 and gave the company an “underweight” rating in a research note on Monday, February 9th. 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. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $274.38.

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.