Illinois Tool Works Inc. $ITW Shares Sold by Andra AP fonden

Andra AP fonden lowered its position in Illinois Tool Works Inc. (NYSE:ITW) by 48.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,106 shares of the industrial products company’s stock after selling 49,594 shares during the quarter. Andra AP fonden’s holdings in Illinois Tool Works were worth $13,563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ITW. Vanguard Group Inc. raised its holdings in shares of Illinois Tool Works by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 26,887,218 shares of the industrial products company’s stock worth $6,622,322,000 after purchasing an additional 189,229 shares during the period. State Street Corp increased its position in Illinois Tool Works by 1.2% during the 4th quarter. State Street Corp now owns 12,596,511 shares of the industrial products company’s stock worth $3,122,535,000 after purchasing an additional 151,864 shares in the last quarter. Geode Capital Management LLC raised its holdings in Illinois Tool Works by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 6,944,651 shares of the industrial products company’s stock valued at $1,709,734,000 after buying an additional 184,301 shares during the period. Capital Research Global Investors lifted its position in Illinois Tool Works by 3.2% during the fourth quarter. Capital Research Global Investors now owns 4,636,392 shares of the industrial products company’s stock valued at $1,141,948,000 after buying an additional 142,837 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in Illinois Tool Works by 1.5% during the fourth quarter. Fisher Asset Management LLC now owns 3,705,081 shares of the industrial products company’s stock worth $912,562,000 after buying an additional 54,519 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup restated a “neutral” rating on shares of Illinois Tool Works in a report on Monday, July 13th. JPMorgan Chase & Co. increased their price target on Illinois Tool Works from $295.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Wolfe Research restated an “underperform” rating and set a $286.00 price objective on shares of Illinois Tool Works in a research note on Thursday, July 9th. Truist Financial increased their target price on Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Finally, Barclays dropped their target price on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $274.00.

Illinois Tool Works Stock Performance

Illinois Tool Works stock opened at $272.06 on Wednesday. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04. The stock has a market cap of $78.27 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 4.67 and a beta of 1.00. The stock has a 50 day moving average of $260.69 and a 200-day moving average of $266.46.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.09. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the firm earned $2.38 EPS. The company’s revenue was up 4.6% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, analysts expect that Illinois Tool Works Inc. will post 11.37 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were paid a dividend of $1.61 per share. The ex-dividend date was Tuesday, June 30th. This represents a $6.44 annualized dividend and a yield of 2.4%. Illinois Tool Works’s dividend payout ratio is 59.80%.

Insiders Place Their Bets

In related news, Director Jennifer F. Scanlon acquired 806 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the purchase, the director directly owned 1,652 shares in the company, valued at $409,679.48. This represents a 95.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.83% of the stock is currently owned by company insiders.

Illinois Tool Works Company 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.