Beacon Investment Advisory Services Inc. Sells 101,453 Shares of Illinois Tool Works Inc. $ITW

Beacon Investment Advisory Services Inc. trimmed its position in Illinois Tool Works Inc. (NYSE:ITW) by 79.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,850 shares of the industrial products company’s stock after selling 101,453 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Illinois Tool Works were worth $6,613,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Woodstock Corp increased its stake in Illinois Tool Works by 0.8% in the fourth quarter. Woodstock Corp now owns 45,903 shares of the industrial products company’s stock valued at $11,306,000 after purchasing an additional 381 shares in the last quarter. Baron Wealth Management LLC grew its holdings in shares of Illinois Tool Works by 10.9% in the 4th quarter. Baron Wealth Management LLC now owns 969 shares of the industrial products company’s stock valued at $239,000 after buying an additional 95 shares during the period. Cypress Wealth Services LLC grew its holdings in shares of Illinois Tool Works by 89.7% in the 4th quarter. Cypress Wealth Services LLC now owns 1,747 shares of the industrial products company’s stock valued at $430,000 after buying an additional 826 shares during the period. DLK Investment Management LLC increased its position in shares of Illinois Tool Works by 3.5% in the 4th quarter. DLK Investment Management LLC now owns 25,266 shares of the industrial products company’s stock valued at $6,223,000 after buying an additional 848 shares in the last quarter. Finally, Eastern Bank raised its stake in Illinois Tool Works by 4.4% during the 4th quarter. Eastern Bank now owns 8,193 shares of the industrial products company’s stock worth $2,018,000 after buying an additional 348 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.

Analyst Upgrades and Downgrades

ITW has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Illinois Tool Works from $310.00 to $327.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Robert W. Baird set a $278.00 price objective on shares of Illinois Tool Works in a report on Wednesday, February 4th. Wolfe Research upped their target price 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, Citigroup increased their target price on Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Two research 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. According to data from MarketBeat, Illinois Tool Works has a consensus rating of “Reduce” and an average target price of $275.69.

Illinois Tool Works Price Performance

Shares of ITW opened at $258.48 on Monday. 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 Inc. has a twelve month low of $214.66 and a twelve month high of $303.15. The stock has a market capitalization of $74.49 billion, a P/E ratio of 24.64, a P/E/G ratio of 13.84 and a beta of 1.12. The company has a 50 day moving average of $276.69 and a 200-day moving average of $260.55.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.07 billion. During the same quarter in the previous year, the firm posted $2.54 earnings per share. The firm’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. As a group, equities research analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The firm 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 payout ratio is 61.39%.

Insider Transactions at Illinois Tool Works

In related news, EVP Axel Beck sold 4,223 shares of the company’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 sale, the executive vice president owned 5,789 shares in the company, valued at approximately $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 258,766 shares of the company’s stock, valued at $75,282,792.38. This trade represents a 39.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.88% of the company’s stock.

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.