Illinois Tool Works Inc. $ITW Shares Purchased by Avanza Fonder AB

Avanza Fonder AB raised its stake in Illinois Tool Works Inc. (NYSE:ITW) by 72.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,790 shares of the industrial products company’s stock after purchasing an additional 22,684 shares during the period. Avanza Fonder AB’s holdings in Illinois Tool Works were worth $13,248,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Illinois Tool Works by 4.2% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 988 shares of the industrial products company’s stock valued at $244,000 after buying an additional 40 shares in the last quarter. Everpar Advisors LLC raised its stake in Illinois Tool Works by 1.7% during the 3rd quarter. Everpar Advisors LLC now owns 2,574 shares of the industrial products company’s stock worth $671,000 after acquiring an additional 42 shares in the last quarter. Confluence Wealth Services Inc. lifted its position in 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 last quarter. Montag A & Associates Inc. boosted its stake in Illinois Tool Works by 0.7% in the third quarter. Montag A & Associates Inc. now owns 6,605 shares of the industrial products company’s stock valued at $1,733,000 after acquiring an additional 43 shares in the last quarter. Finally, BLB&B Advisors LLC boosted its stake in 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 valued at $419,000 after acquiring an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Trading Up 2.0%

Shares of ITW stock opened at $262.77 on Tuesday. The business’s fifty day moving average price is $276.49 and its 200 day moving average price is $260.59. The firm has a market capitalization of $75.73 billion, a PE ratio of 25.05, a P/E/G ratio of 13.77 and a beta of 1.12. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. Illinois Tool Works Inc. has a 1-year low of $214.66 and a 1-year high of $303.15.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 EPS 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 the consensus estimate of $4.07 billion. During the same quarter last year, the company earned $2.54 earnings per share. Illinois Tool Works’s quarterly revenue was up 4.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. As a group, sell-side analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 31st will be paid a $1.61 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $6.44 annualized dividend and a dividend yield of 2.5%. Illinois Tool Works’s dividend payout ratio (DPR) is 61.39%.

Analysts Set New Price Targets

A number of research firms have recently commented on ITW. Barclays lifted their target price on Illinois Tool Works from $244.00 to $275.00 and gave the stock an “underweight” rating in a research report on Monday, February 9th. The Goldman Sachs Group restated a “sell” rating and set a $253.00 price target on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Wells Fargo & Company boosted their price objective on Illinois Tool Works from $250.00 to $270.00 and gave the company an “underweight” rating in a research note on Wednesday, February 4th. Finally, UBS Group reissued a “neutral” rating and issued a $285.00 price objective on shares of Illinois Tool Works in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Illinois Tool Works has a consensus rating of “Reduce” and an average target price of $275.69.

Insider Transactions at Illinois Tool Works

In other news, Director Ernest Scott Santi sold 167,345 shares of the business’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 transaction of $48,685,680.85. Following the sale, the director owned 258,766 shares of the company’s stock, valued at $75,282,792.38. The trade was a 39.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction that occurred 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 owned 5,789 shares in the company, valued at approximately $1,680,083.58. This represents a 42.18% 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.

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.