Louisiana State Employees Retirement System Takes $3.49 Million Position in Illinois Tool Works Inc. $ITW

Louisiana State Employees Retirement System acquired a new position in shares of Illinois Tool Works Inc. (NYSE:ITW) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,400 shares of the industrial products company’s stock, valued at approximately $3,488,000.

Several other institutional investors also recently made changes to their positions in the stock. Ritholtz Wealth Management lifted its stake in shares of Illinois Tool Works by 14.5% in the first quarter. Ritholtz Wealth Management now owns 11,499 shares of the industrial products company’s stock valued at $2,993,000 after purchasing an additional 1,453 shares during the period. OP Asset Management Ltd acquired a new stake in shares of Illinois Tool Works during the 1st quarter valued at approximately $7,134,000. Banque Cantonale Vaudoise boosted its stake in shares of Illinois Tool Works by 30.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 11,761 shares of the industrial products company’s stock worth $3,061,000 after acquiring an additional 2,761 shares in the last quarter. Apella Capital LLC grew its holdings in shares of Illinois Tool Works by 22.7% in the 1st quarter. Apella Capital LLC now owns 1,449 shares of the industrial products company’s stock worth $394,000 after acquiring an additional 268 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Illinois Tool Works by 1.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 7,115 shares of the industrial products company’s stock valued at $1,852,000 after purchasing an additional 103 shares in the last quarter. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on ITW. Weiss Ratings cut Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Citigroup raised their price target on Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $254.00 price target on shares of Illinois Tool Works in a research note on Thursday, April 30th. Evercore lowered their price objective on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Finally, Wells Fargo & Company raised their target price on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a report on Monday, May 4th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $271.92.

Illinois Tool Works Stock Down 0.9%

Shares of NYSE:ITW opened at $268.13 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. Illinois Tool Works Inc. has a 52-week low of $238.82 and a 52-week high of $303.15. The stock’s fifty day simple moving average is $257.99 and its 200-day simple moving average is $264.03. The company has a market capitalization of $77.14 billion, a P/E ratio of 24.90, a P/E/G ratio of 4.60 and a beta of 1.01.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.09. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, equities research analysts forecast that Illinois Tool Works Inc. will post 11.37 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid a dividend of $1.61 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.4%. Illinois Tool Works’s dividend payout ratio is presently 59.80%.

Insider Transactions at Illinois Tool Works

In other news, Director Jennifer F. Scanlon bought 806 shares of the stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average cost of $247.99 per share, with a total value of $199,879.94. Following the purchase, the director owned 1,652 shares of the company’s stock, valued at approximately $409,679.48. The trade was a 95.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.83% 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.