Czech National Bank Has $17.15 Million Stock Holdings in Illinois Tool Works Inc. $ITW

Czech National Bank lifted its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,611 shares of the industrial products company’s stock after purchasing an additional 2,239 shares during the quarter. Czech National Bank’s holdings in Illinois Tool Works were worth $17,145,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ITW. Cary Street Partners Investment Advisory LLC raised its stake 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 buying an additional 40 shares during the period. Everpar Advisors LLC grew its stake in Illinois Tool Works by 1.7% in the third quarter. Everpar Advisors LLC now owns 2,574 shares of the industrial products company’s stock valued at $671,000 after acquiring an additional 42 shares during the period. Confluence Wealth Services Inc. increased its holdings 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 worth $1,087,000 after acquiring an additional 43 shares in the last quarter. Montag A & Associates Inc. increased its holdings in shares of 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 worth $1,733,000 after acquiring an additional 43 shares in the last quarter. Finally, BLB&B Advisors LLC raised its position in shares of Illinois Tool Works by 2.9% during the third quarter. BLB&B Advisors LLC now owns 1,605 shares of the industrial products company’s stock worth $419,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Stock Down 2.1%

Illinois Tool Works stock opened at $260.82 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07. Illinois Tool Works Inc. has a 1-year low of $214.66 and a 1-year high of $303.15. The company has a fifty day simple moving average of $276.79 and a 200 day simple moving average of $260.63. The company has a market cap of $75.17 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 14.24 and a beta of 1.13.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.69 by $0.03. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.07 billion. During the same period in the previous year, the firm posted $2.54 EPS. The company’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. Research analysts anticipate that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

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

Insider Activity at Illinois Tool Works

In related news, Director Ernest Scott Santi sold 167,345 shares of the 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $1,225,599.06. Following the completion of the transaction, the executive vice president owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ITW. The Goldman Sachs Group reiterated a “sell” rating and issued a $253.00 price objective on shares of Illinois Tool Works in a research report on Tuesday, February 3rd. Truist Financial lifted their price target on shares of Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research note on Wednesday, February 4th. Barclays lifted their price target on shares of Illinois Tool Works from $244.00 to $275.00 and gave the company an “underweight” rating in a research note on Monday, February 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. Finally, Wells Fargo & Company raised 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. 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. According to data from MarketBeat, the stock currently has an average 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.