Coastline Trust Co Raises Stock Holdings in Illinois Tool Works Inc. $ITW

Coastline Trust Co grew its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 39.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,216 shares of the industrial products company’s stock after buying an additional 2,593 shares during the quarter. Coastline Trust Co’s holdings in Illinois Tool Works were worth $2,270,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ITW. Cary Street Partners Investment Advisory LLC lifted its position in shares of Illinois Tool Works by 4.2% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 988 shares of the industrial products company’s stock valued at $244,000 after buying an additional 40 shares in the last quarter. Everpar Advisors LLC increased its holdings in Illinois Tool Works by 1.7% in the 3rd quarter. Everpar Advisors LLC now owns 2,574 shares of the industrial products company’s stock worth $671,000 after acquiring an additional 42 shares in the last quarter. Confluence Wealth Services Inc. raised its position in Illinois Tool Works by 1.0% during the third quarter. Confluence Wealth Services Inc. now owns 4,171 shares of the industrial products company’s stock worth $1,087,000 after acquiring an additional 43 shares during the period. Montag A & Associates Inc. lifted its holdings in Illinois Tool Works by 0.7% during the third quarter. Montag A & Associates Inc. now owns 6,605 shares of the industrial products company’s stock valued at $1,733,000 after purchasing an additional 43 shares in the last quarter. Finally, BLB&B Advisors LLC lifted its holdings in Illinois Tool Works by 2.9% during the third quarter. BLB&B Advisors LLC now owns 1,605 shares of the industrial products company’s stock valued at $419,000 after purchasing an additional 45 shares in the last quarter. 79.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 completion of the sale, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by company insiders.

Illinois Tool Works Stock Performance

NYSE:ITW opened at $260.65 on Friday. The company has a market cap of $75.12 billion, a P/E ratio of 24.85, a P/E/G ratio of 13.93 and a beta of 1.13. Illinois Tool Works Inc. has a twelve month low of $214.66 and a twelve month high of $303.15. The company’s 50-day moving average price is $276.27 and its 200-day moving average price is $260.67. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data 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. The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.07 billion. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. Illinois Tool Works’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, sell-side analysts forecast that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The business 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 2.5%. Illinois Tool Works’s dividend payout ratio is 61.39%.

Wall Street Analyst Weigh In

ITW has been the subject of a number of research reports. Robert W. Baird set a $278.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Wolfe Research raised their price target 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. Wells Fargo & Company boosted their price objective on Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. Finally, Truist Financial raised their target price on Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, Illinois Tool Works currently has a consensus rating of “Reduce” and an average target price of $275.69.

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.