Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stake in Illinois Tool Works Inc. $ITW

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Illinois Tool Works Inc. (NYSE:ITW) by 5.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 64,452 shares of the industrial products company’s stock after acquiring an additional 3,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Illinois Tool Works were worth $16,807,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Brighton Jones LLC grew its stake in Illinois Tool Works by 5.3% in the 4th quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock valued at $1,399,000 after buying an additional 277 shares in the last quarter. Bison Wealth LLC grew its position in shares of Illinois Tool Works by 2.3% in the fourth quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock valued at $901,000 after purchasing an additional 81 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Illinois Tool Works by 20.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company’s stock valued at $257,000 after purchasing an additional 177 shares during the period. Sovran Advisors LLC lifted its holdings in Illinois Tool Works by 12.0% during the 2nd quarter. Sovran Advisors LLC now owns 2,736 shares of the industrial products company’s stock worth $706,000 after purchasing an additional 293 shares in the last quarter. Finally, Focus Financial Network Inc. boosted its stake in Illinois Tool Works by 42.6% in the 2nd quarter. Focus Financial Network Inc. now owns 3,377 shares of the industrial products company’s stock worth $835,000 after purchasing an additional 1,009 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group cut Illinois Tool Works from a “neutral” rating to a “sell” rating and decreased their price target for the company from $258.00 to $230.00 in a research report on Tuesday, December 16th. Barclays increased their target price on shares of Illinois Tool Works from $243.00 to $244.00 and gave the stock an “underweight” rating in a research note on Monday, October 27th. Wolfe Research boosted their price target on shares of Illinois Tool Works from $264.00 to $278.00 and gave the company an “underperform” rating in a research report on Thursday. Robert W. Baird set a $265.00 price target on shares of Illinois Tool Works in a report on Monday, October 27th. Finally, Truist Financial dropped their price objective on Illinois Tool Works from $298.00 to $275.00 and set a “hold” rating for the company in a research note on Monday, October 27th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Illinois Tool Works presently has an average rating of “Reduce” and an average target price of $261.08.

Insider Activity at Illinois Tool Works

In related news, Director Pamela B. Strobel sold 1,521 shares of Illinois Tool Works stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $245.25, for a total value of $373,025.25. Following the transaction, the director owned 39,249 shares in the company, valued at $9,625,817.25. This trade represents a 3.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.88% of the company’s stock.

Illinois Tool Works Trading Up 0.6%

Shares of ITW stock opened at $263.56 on Friday. The business has a 50-day moving average price of $250.14 and a two-hundred day moving average price of $254.83. Illinois Tool Works Inc. has a 12-month low of $214.66 and a 12-month high of $278.13. The company has a quick ratio of 1.11, a current ratio of 1.53 and a debt-to-equity ratio of 2.39. The firm has a market cap of $76.46 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 14.08 and a beta of 1.15.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Friday, October 24th. The industrial products company reported $2.81 EPS for the quarter, beating the consensus estimate of $2.72 by $0.09. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.09 billion. Illinois Tool Works had a return on equity of 93.26% and a net margin of 19.05%.The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $3.91 EPS. Illinois Tool Works has set its FY 2025 guidance at 10.400-10.500 EPS. Equities analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 31st were paid a $1.61 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.4%. Illinois Tool Works’s dividend payout ratio is 62.46%.

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.