Illinois Tool Works (NYSE:ITW) Stock Unloaded Sen. Shelley Moore Capito

Senator Shelley Moore Capito (R-West Virginia) recently sold shares of Illinois Tool Works Inc. NYSE: ITW. In a filing disclosed on February 13th, the Senator disclosed that they had sold between $1,001 and $15,000 in Illinois Tool Works stock on January 17th.

Senator Shelley Moore Capito also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of W.W. Grainger NYSE: GWW on 1/17/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/17/2025.
• Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 1/17/2025.
• Sold $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 1/17/2025.
• Sold $1,001 - $15,000 in shares of Phillips 66 NYSE: PSX on 1/17/2025.
• Sold $1,001 - $15,000 in shares of Aflac NYSE: AFL on 1/17/2025.
• Sold $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 1/17/2025.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 1/17/2025.
• Sold $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 1/17/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/3/2025.

Illinois Tool Works Trading Down 0.8 %

ITW traded down $2.11 on Monday, hitting $257.98. The company had a trading volume of 1,013,793 shares, compared to its average volume of 986,927. The company has a market cap of $76.18 billion, a PE ratio of 22.01, a PEG ratio of 4.79 and a beta of 1.11. Illinois Tool Works Inc. has a 12-month low of $232.77 and a 12-month high of $279.13. The company has a quick ratio of 0.97, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The business's fifty day simple moving average is $258.13 and its 200 day simple moving average is $257.79.

Illinois Tool Works (NYSE:ITW - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.50 by $0.04. Illinois Tool Works had a return on equity of 95.39% and a net margin of 21.94%. Equities research analysts expect that Illinois Tool Works Inc. will post 10.38 EPS for the current year.

Illinois Tool Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.33%. Illinois Tool Works's dividend payout ratio is currently 51.19%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays dropped their target price on Illinois Tool Works from $265.00 to $262.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. dropped their target price on Illinois Tool Works from $300.00 to $295.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. StockNews.com lowered Illinois Tool Works from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Robert W. Baird boosted their target price on Illinois Tool Works from $240.00 to $250.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus dropped their target price on Illinois Tool Works from $266.00 to $259.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Illinois Tool Works has an average rating of "Hold" and a consensus target price of $271.00.

Institutional Trading of Illinois Tool Works

A number of large investors have recently modified their holdings of ITW. Norges Bank purchased a new stake in shares of Illinois Tool Works in the fourth quarter valued at approximately $806,291,000. Raymond James Financial Inc. purchased a new stake in Illinois Tool Works during the fourth quarter worth $203,949,000. Cerity Partners LLC lifted its holdings in Illinois Tool Works by 263.9% during the fourth quarter. Cerity Partners LLC now owns 903,710 shares of the industrial products company's stock worth $229,269,000 after buying an additional 655,341 shares during the period. Northern Trust Corp lifted its holdings in Illinois Tool Works by 3.9% during the fourth quarter. Northern Trust Corp now owns 13,667,653 shares of the industrial products company's stock worth $3,465,570,000 after buying an additional 508,188 shares during the period. Finally, Proficio Capital Partners LLC lifted its holdings in Illinois Tool Works by 36,632.9% during the fourth quarter. Proficio Capital Partners LLC now owns 438,591 shares of the industrial products company's stock worth $111,209,000 after buying an additional 437,397 shares during the period. Hedge funds and other institutional investors own 79.77% of the company's stock.

About Senator Capito

Shelley Moore Capito (Republican Party) is a member of the U.S. Senate from West Virginia. She assumed office on January 3, 2015. Her current term ends on January 3, 2027. Capito (Republican Party) ran for re-election to the U.S. Senate to represent West Virginia. She won in the general election on November 3, 2020. Capito was first elected to the Senate in 2014, becoming the first female U.S. Senator in the state's history. Prior to serving in the Senate, Capito was a member of the West Virginia House of Representatives from 1997 to 2001 and a member of the United States House of Representatives from 2001 to 2015. At the start of the 116th Congress, Capito was a member of the U.S. Senate committees on Appropriations, Commerce, Science, and Transportation, Environment and Public Works, and Rules and Administration. As of a 2014 analysis of multiple outside rankings, Capito is a more moderate right of center Republican Party vote. As a result, she may break with the Republican Party line more than her fellow members. Capito earned her bachelor's degree from Duke University. After earning her M.Ed. from the University of Virginia, Capito was a college counselor and then director of an educational information center. She was the only Republican in the West Virginia congressional delegation until the 2010 elections and is the first Republican woman elected to Congress from West Virginia. Capito is a former chairwoman of the Congressional Caucus for Women's Issues, as well as a member of the Congressional Arts Caucus. After an explosion responsible for the death of 29 coal workers, Capito founded the Congressional Coal Caucus. Prior to her election to the U.S. House, Capito served in the West Virginia House of Delegates.

About Illinois Tool Works

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.