American Century Companies Inc. Has $19.71 Million Position in Illinois Tool Works Inc. $ITW

American Century Companies Inc. raised its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 18.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,578 shares of the industrial products company’s stock after purchasing an additional 11,826 shares during the period. American Century Companies Inc.’s holdings in Illinois Tool Works were worth $19,708,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC lifted its position in Illinois Tool Works by 4.2% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 988 shares of the industrial products company’s stock worth $244,000 after acquiring an additional 40 shares during the last quarter. Everpar Advisors LLC lifted its holdings in shares of Illinois Tool Works by 1.7% during the third quarter. Everpar Advisors LLC now owns 2,574 shares of the industrial products company’s stock worth $671,000 after buying an additional 42 shares during the last quarter. Confluence Wealth Services Inc. boosted its position in shares of Illinois Tool Works by 1.0% in the third quarter. Confluence Wealth Services Inc. now owns 4,171 shares of the industrial products company’s stock valued at $1,087,000 after acquiring an additional 43 shares during the period. BLB&B Advisors LLC grew its stake in shares of Illinois Tool Works by 2.9% in the third quarter. BLB&B Advisors LLC now owns 1,605 shares of the industrial products company’s stock worth $419,000 after acquiring an additional 45 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC raised its stake in Illinois Tool Works by 2.8% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 1,684 shares of the industrial products company’s stock valued at $439,000 after purchasing an additional 46 shares during the last quarter. 79.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” rating in a report on Wednesday, February 4th. Citigroup raised their price objective on Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Wolfe Research upped their target price on Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research note on Friday, February 27th. Bank of America upgraded shares of Illinois Tool Works from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $220.00 to $255.00 in a research note on Tuesday, November 18th. Finally, Robert W. Baird set a $278.00 price target on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Two investment 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. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $275.69.

Illinois Tool Works Trading Down 0.2%

Shares of ITW opened at $276.63 on Tuesday. The stock’s fifty day simple moving average is $273.51 and its 200-day simple moving average is $260.58. The firm has a market capitalization of $79.72 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 14.84 and a beta of 1.12. Illinois Tool Works Inc. has a 12-month low of $214.66 and a 12-month high of $303.15. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 2.07.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.03. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.07 billion. During the same period last year, the company earned $2.54 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. As a group, research analysts predict that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st will be paid a $1.61 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.44 dividend on an annualized basis and a yield of 2.3%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 61.39%.

Insiders Place Their Bets

In related news, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $290.22, for a total value of $1,225,599.06. Following the completion of the sale, the executive vice president owned 5,789 shares in the company, valued at approximately $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ernest Scott Santi sold 167,345 shares of the stock in a transaction dated 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 completion of the transaction, the director directly owned 258,766 shares in the company, valued at $75,282,792.38. The trade was a 39.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by 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.