California Public Employees Retirement System Grows Position in Illinois Tool Works Inc. $ITW

California Public Employees Retirement System increased its position in Illinois Tool Works Inc. (NYSE:ITW) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 522,976 shares of the industrial products company’s stock after buying an additional 20,882 shares during the quarter. California Public Employees Retirement System owned 0.18% of Illinois Tool Works worth $136,371,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Illinois Tool Works by 1.3% during the second quarter. Vanguard Group Inc. now owns 26,723,774 shares of the industrial products company’s stock valued at $6,607,453,000 after acquiring an additional 335,955 shares during the last quarter. State Street Corp raised its position in Illinois Tool Works by 0.9% during the 2nd quarter. State Street Corp now owns 12,476,310 shares of the industrial products company’s stock valued at $3,103,167,000 after purchasing an additional 108,919 shares during the last quarter. Capital Research Global Investors lifted its holdings in Illinois Tool Works by 3.0% in the 3rd quarter. Capital Research Global Investors now owns 4,493,555 shares of the industrial products company’s stock worth $1,171,740,000 after buying an additional 131,702 shares during the period. Fisher Asset Management LLC increased its stake in shares of Illinois Tool Works by 1.5% during the third quarter. Fisher Asset Management LLC now owns 3,650,562 shares of the industrial products company’s stock valued at $951,921,000 after buying an additional 55,416 shares during the period. Finally, Norges Bank bought a new position in shares of Illinois Tool Works during the second quarter valued at approximately $821,888,000. Institutional investors own 79.77% of the company’s stock.

Insider Activity

In related news, Director Ernest Scott Santi sold 167,345 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was 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 of the company’s stock, valued at approximately $75,282,792.38. This represents a 39.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Axel Beck sold 4,223 shares of Illinois Tool Works stock in a transaction on 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 directly owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. The trade was a 42.18% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by insiders.

Illinois Tool Works Price Performance

ITW stock opened at $267.09 on Monday. 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 firm has a market capitalization of $76.97 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 14.29 and a beta of 1.12. The firm has a 50 day moving average price of $275.20 and a 200-day moving average price of $260.63. Illinois Tool Works Inc. has a 52-week low of $214.66 and a 52-week high of $303.15.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, beating 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 company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.07 billion. During the same quarter last year, the company earned $2.54 EPS. The firm’s revenue for the quarter 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. Equities research analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The company 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 dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio (DPR) is currently 61.39%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ITW. Bank of America raised shares of Illinois Tool Works from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $220.00 to $255.00 in a research report on Tuesday, November 18th. Citigroup increased their price target on shares of Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $253.00 price objective on shares of Illinois Tool Works in a research report on Tuesday, February 3rd. Barclays raised their target price 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. Finally, Robert W. Baird set a $278.00 price target on Illinois Tool Works in a research note on Wednesday, February 4th. Two investment analysts have 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $275.69.

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.