Confluence Investment Management LLC Has $53.18 Million Position in Illinois Tool Works Inc. $ITW

Confluence Investment Management LLC cut its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 3.1% during the fourth quarter, HoldingsChannel reports. The firm owned 215,911 shares of the industrial products company’s stock after selling 7,005 shares during the period. Confluence Investment Management LLC’s holdings in Illinois Tool Works were worth $53,179,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Corsicana & Co. acquired a new stake in Illinois Tool Works in the 3rd quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC increased its position in 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 worth $31,000 after buying an additional 63 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Illinois Tool Works during the second quarter worth approximately $31,000. True Wealth Design LLC boosted its position in shares of 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 period. Finally, MTM Investment Management LLC grew its stake in shares of Illinois Tool Works by 70.5% in 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 during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Insider Activity

In related news, Director Ernest Scott Santi sold 167,345 shares of the 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 owned 258,766 shares of the company’s stock, 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 dated Thursday, February 5th. The stock was sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ITW. UBS Group reaffirmed a “neutral” rating and set a $285.00 target price on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Citigroup increased their price target on shares of Illinois Tool Works from $271.00 to $284.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. Wells Fargo & Company upped their price objective on shares of Illinois Tool Works from $250.00 to $270.00 and gave the company an “underweight” rating in a research report on Wednesday, February 4th. Finally, Wolfe Research increased their target price 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. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $275.69.

Illinois Tool Works Stock Down 0.0%

Shares of ITW stock opened at $260.65 on Friday. Illinois Tool Works Inc. has a one year low of $214.66 and a one 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. The stock has a fifty day moving average price of $276.27 and a 200 day moving average price of $260.67. The stock has a market cap of $75.12 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 13.93 and a beta of 1.13.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results 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. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same quarter in the previous year, the firm posted $2.54 EPS. The business’s revenue for the quarter 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 31st will be paid a $1.61 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.44 dividend on an annualized basis and a yield of 2.5%. Illinois Tool Works’s payout ratio is presently 61.39%.

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.