Capital Research Global Investors Purchases 131,702 Shares of Illinois Tool Works Inc. $ITW

Capital Research Global Investors lifted its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 3.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,493,555 shares of the industrial products company’s stock after purchasing an additional 131,702 shares during the period. Capital Research Global Investors’ holdings in Illinois Tool Works were worth $1,171,740,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of Montreal Can boosted its holdings in shares of Illinois Tool Works by 1.9% in the 3rd quarter. Bank of Montreal Can now owns 445,164 shares of the industrial products company’s stock worth $116,081,000 after buying an additional 8,171 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Illinois Tool Works by 4.0% during the third quarter. Legal & General Group Plc now owns 2,031,123 shares of the industrial products company’s stock worth $529,636,000 after acquiring an additional 77,525 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Illinois Tool Works by 9.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 181,866 shares of the industrial products company’s stock valued at $47,449,000 after buying an additional 15,485 shares in the last quarter. Inceptionr LLC bought a new stake in Illinois Tool Works during the 3rd quarter worth approximately $339,000. Finally, Schroder Investment Management Group increased its holdings in shares of Illinois Tool Works by 6.2% in the third quarter. Schroder Investment Management Group now owns 1,672,289 shares of the industrial products company’s stock worth $434,411,000 after purchasing an additional 97,171 shares during the period. 79.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. UBS Group reaffirmed a “neutral” rating and issued a $285.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Wells Fargo & Company increased their price objective on Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” rating in a report on Wednesday, February 4th. Robert W. Baird set a $278.00 price target on shares of Illinois Tool Works in a research report on Wednesday, February 4th. JPMorgan Chase & Co. increased their price objective on Illinois Tool Works from $310.00 to $327.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Finally, Evercore lowered their target price on shares of Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating for the company in a report on Monday, November 17th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $275.69.

Illinois Tool Works Price Performance

Shares of NYSE:ITW opened at $276.63 on Tuesday. The company has a market capitalization of $79.72 billion, a P/E ratio of 26.37, a P/E/G ratio of 14.84 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. The firm’s 50 day simple moving average is $273.51 and its two-hundred day simple moving average is $260.58. 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 posted its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.03. The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.07 billion. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. Illinois Tool Works’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the company posted $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Research analysts expect that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

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

Insider Transactions at Illinois Tool Works

In related news, EVP Axel Beck sold 4,223 shares of the 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 transaction, the executive vice president owned 5,789 shares of the company’s stock, valued at $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ernest Scott Santi sold 167,345 shares of the business’s 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 sale, the director 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. 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 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.