Brandywine Global Investment Management LLC Buys Shares of 125,737 Illinois Tool Works Inc. $ITW

Brandywine Global Investment Management LLC bought a new stake in Illinois Tool Works Inc. (NYSE:ITW) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 125,737 shares of the industrial products company’s stock, valued at approximately $30,969,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Meridian Wealth Management LLC grew its stake in Illinois Tool Works by 1.3% in the fourth quarter. Meridian Wealth Management LLC now owns 2,818 shares of the industrial products company’s stock valued at $694,000 after acquiring an additional 37 shares during the period. Mayflower Financial Advisors LLC grew its stake in Illinois Tool Works by 3.8% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,065 shares of the industrial products company’s stock valued at $262,000 after acquiring an additional 39 shares during the period. Revisor Wealth Management LLC grew its stake in Illinois Tool Works by 1.4% in the fourth quarter. Revisor Wealth Management LLC now owns 2,841 shares of the industrial products company’s stock valued at $734,000 after acquiring an additional 39 shares during the period. Concord Asset Management LLC VA grew its stake in Illinois Tool Works by 1.1% in the fourth quarter. Concord Asset Management LLC VA now owns 3,591 shares of the industrial products company’s stock valued at $884,000 after acquiring an additional 39 shares during the period. Finally, Planning Alternatives Ltd. ADV grew its stake in Illinois Tool Works by 2.6% in the fourth quarter. Planning Alternatives Ltd. ADV now owns 1,558 shares of the industrial products company’s stock valued at $384,000 after acquiring an additional 39 shares during the period. 79.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Jennifer F. Scanlon purchased 806 shares of Illinois Tool Works stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average cost of $247.99 per share, with a total value of $199,879.94. Following the completion of the transaction, the director owned 1,652 shares of the company’s stock, valued at approximately $409,679.48. This trade represents a 95.27% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.83% of the company’s stock.

Illinois Tool Works Stock Performance

Shares of NYSE ITW opened at $252.60 on Tuesday. The stock has a 50 day moving average price of $258.50 and a 200 day moving average price of $262.68. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. 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 $72.67 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 4.34 and a beta of 1.01.

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

Illinois Tool Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be given a dividend of $1.61 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 annualized dividend and a yield of 2.5%. Illinois Tool Works’s dividend payout ratio is 59.80%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ITW. The Goldman Sachs Group reissued a “sell” rating and issued a $254.00 target price on shares of Illinois Tool Works in a research note on Thursday, April 30th. Evercore reduced their price objective on Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Barclays reduced their price objective on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. JPMorgan Chase & Co. reduced their price objective on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Finally, Wells Fargo & Company upped their price objective on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, Illinois Tool Works currently has a consensus rating of “Reduce” and an average target price 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.