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

Andra AP fonden boosted its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 17.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 134,900 shares of the industrial products company’s stock after purchasing an additional 19,800 shares during the quarter. Andra AP fonden’s holdings in Illinois Tool Works were worth $35,177,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AE Wealth Management LLC boosted its holdings in shares of Illinois Tool Works by 128.4% during the third quarter. AE Wealth Management LLC now owns 9,128 shares of the industrial products company’s stock valued at $2,380,000 after acquiring an additional 5,131 shares during the period. Mediolanum International Funds Ltd grew its holdings in Illinois Tool Works by 10.4% during the third quarter. Mediolanum International Funds Ltd now owns 103,161 shares of the industrial products company’s stock worth $26,964,000 after acquiring an additional 9,738 shares during the period. Brendel Financial Advisors LLC boosted its holdings in Illinois Tool Works by 1,328.6% during the third quarter. Brendel Financial Advisors LLC now owns 13,929 shares of the industrial products company’s stock worth $3,632,000 after buying an additional 12,954 shares in the last quarter. Madison Asset Management LLC grew its holdings in shares of Illinois Tool Works by 411.8% in the 3rd quarter. Madison Asset Management LLC now owns 87,875 shares of the industrial products company’s stock worth $22,914,000 after acquiring an additional 70,704 shares during the last quarter. Finally, Davis Capital Management purchased a new stake in Illinois Tool Works during the third quarter valued at about $1,162,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Ernest Scott Santi sold 167,345 shares of the stock in a transaction that occurred on 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 transaction, the director directly owned 258,766 shares in the company, valued at $75,282,792.38. This represents a 39.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Axel Beck sold 4,223 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 5,789 shares in the company, valued at approximately $1,680,083.58. The trade was a 42.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.88% of the company’s stock.

Illinois Tool Works Stock Up 0.2%

NYSE ITW opened at $290.41 on Friday. The stock has a market capitalization of $83.70 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 15.51 and a beta of 1.15. Illinois Tool Works Inc. has a 52 week low of $214.66 and a 52 week high of $303.15. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.89 and a current ratio of 1.21. The stock has a fifty day moving average of $268.95 and a 200-day moving average of $259.47.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.03. The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.07 billion. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, equities research analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be given a dividend of $1.61 per share. The ex-dividend date is Tuesday, March 31st. This represents a $6.44 annualized dividend and a dividend yield of 2.2%. Illinois Tool Works’s payout ratio is currently 61.39%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ITW shares. The Goldman Sachs Group reissued a “sell” rating and issued a $253.00 price objective on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Barclays raised their price objective on Illinois Tool Works from $244.00 to $275.00 and gave the company an “underweight” rating in a research note on Monday, February 9th. 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Finally, Robert W. Baird set a $278.00 target price on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, Illinois Tool Works currently has an average rating of “Reduce” and an average target price of $272.92.

Illinois Tool Works 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.