Achmea Investment Management B.V. Acquires 28,713 Shares of Illinois Tool Works Inc. $ITW

Achmea Investment Management B.V. boosted its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 59.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,726 shares of the industrial products company’s stock after buying an additional 28,713 shares during the quarter. Achmea Investment Management B.V.’s holdings in Illinois Tool Works were worth $20,007,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ITW. Corsicana & Co. bought a new stake in Illinois Tool Works during the third quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Illinois Tool Works in the second quarter worth about $31,000. Vermillion & White Wealth Management Group LLC raised its stake in shares of Illinois Tool Works by 103.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the industrial products company’s stock worth $31,000 after buying an additional 63 shares during the period. True Wealth Design LLC lifted its position in shares of Illinois Tool Works by 341.9% during the 3rd quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock valued at $36,000 after buying an additional 106 shares in the last quarter. Finally, MTM Investment Management LLC grew its stake in shares of Illinois Tool Works by 70.5% during the 3rd quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 67 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Truist Financial raised their target price on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. upped their price target on shares of Illinois Tool Works from $310.00 to $327.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. UBS Group reissued a “neutral” rating and issued a $285.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, February 4th. The Goldman Sachs Group restated a “sell” rating and set a $253.00 target price on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Finally, Citigroup upped their target price on shares of Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating 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 data from MarketBeat, Illinois Tool Works currently has an average rating of “Reduce” and an average price target of $275.69.

Insiders Place Their Bets

In other news, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 5,789 shares in the company, valued at approximately $1,680,083.58. This represents a 42.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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. The trade was a 39.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.88% of the company’s stock.

Illinois Tool Works Price Performance

NYSE:ITW opened at $267.70 on Wednesday. The business’s 50-day moving average is $275.86 and its 200 day moving average is $260.67. Illinois Tool Works Inc. has a 12 month low of $214.66 and a 12 month high of $303.15. The company has a market capitalization of $77.15 billion, a P/E ratio of 25.52, a P/E/G ratio of 14.38 and a beta of 1.13. 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 (NYSE:ITW) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.03. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.07 billion. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 EPS. 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 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

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 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 yield of 2.4%. Illinois Tool Works’s dividend payout ratio (DPR) is 61.39%.

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.