First Citizens Bank & Trust 13F: Cuts ITW Stake by $4.3M

First Citizens Bank & Trust has reduced its stake in Illinois Tool Works Inc. (NYSE: ITW) by 18.8%, according to its latest Form 13F filing with the SEC. The bank trimmed its holdings by 16,895 shares, bringing its total to 72,764 shares valued at about $18.72 million. This adjustment reflects the bank's position as of the reporting period and may not represent its current holdings.

What Changed in First Citizens Bank & Trust's Illinois Tool Works Position

First Citizens Bank & Trust decreased its holdings in Illinois Tool Works by 18.8%, selling 16,895 shares. This reduction brought its total position to 72,764 shares, valued at approximately $18.72 million. The previous holding was 89,659 shares.

Illinois Tool Works Inc. Stock Up 0.6%

On Friday, shares of Illinois Tool Works Inc. (NYSE: ITW) traded near its previous close of $269.42. The company has a market capitalization of $76.19 billion and a P/E ratio of 24.21. Illinois Tool Works' stock has seen a 52-week low of $238.82 and a high of $303.16. The stock's 50-day moving average is $279.89, while its 200-day moving average is $267.99. The company maintains a current ratio of 1.11 and a quick ratio of 0.74, with a debt-to-equity ratio of 334.85.

Recent Earnings

Illinois Tool Works reported a revenue of $16.47 billion, reflecting a growth of 6.1%. The company achieved a net margin of 19.4% and a return on equity of 104.6%. Earnings per share stood at $11.05. The next earnings report is expected on October 23, 2026.

Dividend

Illinois Tool Works offers an annual dividend rate of $6.88, yielding 2.55%. The company's payout ratio is 58.33%, providing a steady income stream for investors.

About Illinois Tool Works

Illinois Tool Works Inc., headquartered in Glenview, Illinois, is a global manufacturer of industrial products and equipment. The company operates in sectors such as automotive, food equipment, and construction products, among others. With a workforce of 43,000 employees, Illinois Tool Works serves diverse markets, including automotive OEMs, commercial food equipment, and industrial capital goods. Founded in 1912, the company continues to innovate across its seven business segments.

Bottom Line

First Citizens Bank & Trust's decision to cut its stake in Illinois Tool Works reflects a strategic adjustment in its portfolio. Investors often track such changes for insights into institutional sentiment. It's important to remember that 13F filings are backward-looking and may not represent current positions. Illinois Tool Works remains a significant player in the industrial sector, offering a reliable dividend and stable earnings performance.