Fideuram Asset Management Ireland dac Invests $857,000 in Illinois Tool Works Inc. $ITW

Fideuram Asset Management Ireland dac acquired a new position in shares of Illinois Tool Works Inc. (NYSE:ITW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,265 shares of the industrial products company’s stock, valued at approximately $857,000.

Several other institutional investors have also modified their holdings of ITW. Cresta Advisors Ltd. acquired a new position in shares of Illinois Tool Works in the 4th quarter valued at $25,000. Lodestone Wealth Management LLC acquired a new position in shares of Illinois Tool Works in the 4th quarter valued at $28,000. Beacon Financial Strategies CORP acquired a new position in shares of Illinois Tool Works in the 4th quarter valued at $29,000. Ares Financial Consulting LLC acquired a new position in shares of Illinois Tool Works in the 4th quarter valued at $31,000. Finally, Basepoint Wealth LLC acquired a new position in shares of Illinois Tool Works in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

Shares of ITW opened at $247.11 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. The stock has a market capitalization of $71.09 billion, a P/E ratio of 22.94, a P/E/G ratio of 4.25 and a beta of 1.04. The company’s fifty day moving average is $259.94 and its two-hundred day moving average is $262.28. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15.

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

Illinois Tool Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be paid a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Illinois Tool Works’s payout ratio is currently 59.80%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ITW shares. Truist Financial lifted their target price on shares of Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a report on Wednesday, February 4th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $254.00 target price on shares of Illinois Tool Works in a report on Thursday, April 30th. Wells Fargo & Company lifted their target price on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a report on Monday, May 4th. Robert W. Baird set a $278.00 target price on shares of Illinois Tool Works in a report on Wednesday, February 4th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $285.00 target price on shares of Illinois Tool Works in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $271.92.

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.