DE Burlo Group Inc. Trims Holdings in Illinois Tool Works Inc. (NYSE:ITW)

26 Apr 2025, 08:31 by Renee Jackson · The Cerbat Gem

DE Burlo Group Inc. lowered its stake in shares of Illinois Tool Works Inc. (NYSE:ITW – Free Report) by 28.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,563 shares of the industrial products company’s stock after selling 1,000 shares during the period. DE Burlo Group Inc.’s holdings in Illinois Tool Works were worth $650,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in Illinois Tool Works by 1.7% during the 3rd quarter. Barclays PLC now owns 776,966 shares of the industrial products company’s stock valued at $203,619,000 after acquiring an additional 12,988 shares during the period. Tudor Financial Inc. purchased a new position in shares of Illinois Tool Works in the third quarter valued at approximately $759,000. World Investment Advisors LLC grew its holdings in shares of Illinois Tool Works by 6.7% in the third quarter. World Investment Advisors LLC now owns 15,972 shares of the industrial products company’s stock valued at $4,186,000 after purchasing an additional 1,000 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in Illinois Tool Works by 128.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 23,217 shares of the industrial products company’s stock worth $6,084,000 after buying an additional 13,062 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Illinois Tool Works by 41.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,370,254 shares of the industrial products company’s stock worth $358,321,000 after buying an additional 398,676 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Insider Buying and Selling

In other Illinois Tool Works news, CFO Michael M. Larsen sold 41,472 shares of Illinois Tool Works stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $271.25, for a total value of $11,249,280.00. Following the sale, the chief financial officer now owns 50,502 shares of the company’s stock, valued at approximately $13,698,667.50. The trade was a 45.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher A. O’herlihy sold 48,453 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $274.36, for a total value of $13,293,565.08. Following the transaction, the chief executive officer now owns 55,113 shares in the company, valued at $15,120,802.68. The trade was a 46.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,925 shares of company stock valued at $42,973,845 over the last quarter. 0.88% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group dropped their price target on shares of Illinois Tool Works from $269.00 to $234.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. StockNews.com lowered Illinois Tool Works from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft raised Illinois Tool Works from a “sell” rating to a “hold” rating and set a $257.00 price objective for the company in a research report on Wednesday, February 19th. Barclays decreased their price target on shares of Illinois Tool Works from $252.00 to $240.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. Finally, Wells Fargo & Company decreased their price objective on shares of Illinois Tool Works from $250.00 to $245.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $260.09.

Read Our Latest Research Report on ITW

Illinois Tool Works Stock Down 1.1 %

ITW opened at $239.42 on Friday. The stock has a market capitalization of $70.24 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 4.56 and a beta of 1.12. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.99 and a current ratio of 1.36. Illinois Tool Works Inc. has a one year low of $214.66 and a one year high of $279.13. The business’s 50-day simple moving average is $247.58 and its 200-day simple moving average is $257.16.

Illinois Tool Works (NYSE:ITW – Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.04. Illinois Tool Works had a return on equity of 95.39% and a net margin of 21.94%. Analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were paid a $1.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $6.00 dividend on an annualized basis and a yield of 2.51%. Illinois Tool Works’s dividend payout ratio is presently 51.19%.

Illinois Tool Works Company Profile

(Free Report)