Commerzbank Aktiengesellschaft FI Reduces Holdings in Illinois Tool Works Inc. $ITW

Commerzbank Aktiengesellschaft FI decreased its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 51.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,876 shares of the industrial products company’s stock after selling 7,199 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Illinois Tool Works were worth $1,790,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ITW. Y.D. More Investments Ltd purchased a new position in Illinois Tool Works during the 4th quarter valued at $2,498,000. Orser Capital Management LLC bought a new stake in shares of Illinois Tool Works during the fourth quarter worth $979,000. Aberdeen Group plc boosted its stake in shares of Illinois Tool Works by 4.7% during the fourth quarter. Aberdeen Group plc now owns 245,504 shares of the industrial products company’s stock valued at $60,468,000 after purchasing an additional 11,035 shares during the period. Financial Planning Hawaii Inc. bought a new position in shares of Illinois Tool Works in the fourth quarter worth about $1,438,000. Finally, Strs Ohio increased its stake in Illinois Tool Works by 20.5% in the 4th quarter. Strs Ohio now owns 83,263 shares of the industrial products company’s stock worth $20,508,000 after buying an additional 14,186 shares during the period. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Up 0.1%

Shares of Illinois Tool Works stock opened at $272.06 on Wednesday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86. The stock has a market cap of $78.27 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 4.67 and a beta of 1.00. The firm’s 50-day moving average is $260.69 and its two-hundred day moving average is $266.46. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15.

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

Illinois Tool Works Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ITW shares. Wells Fargo & Company lifted their price objective 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. Truist Financial raised their target price on shares of Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. lifted their price target on shares of Illinois Tool Works from $295.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Evercore lowered their price target on Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Finally, Barclays dropped their price objective on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $274.00.

Insiders Place Their Bets

In related news, Director Jennifer F. Scanlon bought 806 shares of the stock in a transaction on Tuesday, June 2nd. The stock was bought at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the acquisition, the director directly owned 1,652 shares in the company, valued at approximately $409,679.48. This represents a 95.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.83% of the stock is currently owned by corporate insiders.

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.