Czech National Bank Purchases 2,239 Shares of Illinois Tool Works Inc. $ITW

Czech National Bank lifted its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,611 shares of the industrial products company’s stock after purchasing an additional 2,239 shares during the period. Czech National Bank’s holdings in Illinois Tool Works were worth $17,145,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Corsicana & Co. bought a new position in Illinois Tool Works during the third quarter worth about $26,000. Beacon Financial Strategies CORP bought a new stake in Illinois Tool Works in the fourth quarter valued at approximately $29,000. Vermillion & White Wealth Management Group LLC lifted its position in shares of Illinois Tool Works by 103.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the industrial products company’s stock valued at $31,000 after buying an additional 63 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Illinois Tool Works in the second quarter valued at approximately $31,000. Finally, True Wealth Design LLC boosted its stake in shares of Illinois Tool Works by 341.9% during the 3rd quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 106 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target 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. Citigroup lifted their price objective on shares of Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Barclays raised their target price on shares of Illinois Tool Works from $244.00 to $275.00 and gave the stock an “underweight” rating in a research note on Monday, February 9th. Finally, UBS Group reaffirmed a “neutral” rating and set a $285.00 target price on shares of Illinois Tool Works in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $275.69.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works 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 sale, the director owned 258,766 shares in the company, valued at $75,282,792.38. The trade was a 39.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Axel Beck sold 4,223 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the completion of the sale, the executive vice president directly owned 5,789 shares of the company’s stock, valued at $1,680,083.58. This represents a 42.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by company insiders.

Illinois Tool Works Stock Performance

NYSE:ITW opened at $260.82 on Friday. The stock has a 50 day simple moving average of $276.79 and a 200 day simple moving average of $260.63. The stock has a market cap of $75.17 billion, a P/E ratio of 24.86, a PEG ratio of 14.24 and a beta of 1.13. Illinois Tool Works Inc. has a 1-year low of $214.66 and a 1-year high of $303.15. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.03. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Research analysts anticipate that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently declared 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 is Tuesday, March 31st. This represents a $6.44 annualized dividend and a dividend yield of 2.5%. Illinois Tool Works’s dividend payout ratio is 61.39%.

About Illinois Tool Works

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.