Quantinno Capital Management LP Acquires 75,135 Shares of Illinois Tool Works Inc. $ITW

Quantinno Capital Management LP grew its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 37.2% during the first quarter, Holdings Channel.com reports. The firm owned 277,069 shares of the industrial products company’s stock after acquiring an additional 75,135 shares during the period. Quantinno Capital Management LP’s holdings in Illinois Tool Works were worth $72,118,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cresta Advisors Ltd. bought a new stake in Illinois Tool Works during the 4th quarter worth about $25,000. Motiv8 Investments LLC bought a new position in shares of Illinois Tool Works in the fourth quarter worth about $27,000. Kemnay Advisory Services Inc. acquired a new position in shares of Illinois Tool Works during the fourth quarter worth approximately $27,000. Lodestone Wealth Management LLC acquired a new position in shares of Illinois Tool Works during the fourth quarter worth approximately $28,000. Finally, Ares Financial Consulting LLC bought a new stake in shares of Illinois Tool Works during the fourth quarter valued at approximately $31,000. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Illinois Tool Works News Summary

Here are the key news stories impacting Illinois Tool Works this week:

• Positive Sentiment: Q2 results exceeded expectations: ITW reported adjusted earnings of $2.84 per share versus the $2.80 consensus estimate, while revenue rose 6.1% year over year to $4.30 billion, ahead of the $4.19 billion expected. EPS increased 10.1% from the prior-year quarter. Reuters: Illinois Tool Works raises annual profit forecast on strong industrial demand
• Positive Sentiment: Profitability and cash flow improved: Operating income reached a record $1.15 billion, up 7.4%, and operating margin expanded 40 basis points to 26.7%. Free cash flow increased 41% to $631 million, supporting more than $1.2 billion of dividends and share repurchases during the quarter. Quiver Quantitative: Illinois Tool Works Reports Record Q2 Operating Income
• Positive Sentiment: Management raised guidance: Full-year 2026 EPS guidance increased to $11.35–$11.55 from the prior outlook, while organic revenue growth guidance rose to 3%–4% and total revenue growth to 4%–5%. Strength in Welding, Test & Measurement and Electronics, and Polymers & Fluids helped drive the upgrade. The company also expects approximately $1.5 billion of share repurchases. ITW Reports Second Quarter 2026 Results and Raises Full Year 2026 Guidance
• Neutral Sentiment: Market backdrop remains supportive but risks remain: Reports pointed to improving U.S. manufacturing conditions and stronger capital-expenditure demand. However, ITW cited raw-material costs, pricing timing, tariffs, foreign exchange and broader industrial conditions as potential sources of volatility. Its median analyst price target of $291 is also below the recently reported trading level, suggesting expectations may already reflect much of the good news. The Motley Fool: Here’s Why Illinois Tool Works Stock Popped Higher

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. The Goldman Sachs Group restated a “sell” rating and issued a $254.00 price objective on shares of Illinois Tool Works in a research report on Thursday, April 30th. Wells Fargo & Company increased their price objective on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research report on Monday, May 4th. Evercore dropped their target price on Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. JPMorgan Chase & Co. upped their price target on Illinois Tool Works from $295.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Finally, Citigroup reiterated a “neutral” rating on shares of Illinois Tool Works in a report on Monday, July 13th. One analyst has 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.com, the company currently has a consensus rating of “Reduce” and an average target price of $274.00.

Illinois Tool Works Price Performance

Shares of ITW stock opened at $296.38 on Wednesday. The firm’s 50 day moving average price is $264.09 and its two-hundred day moving average price is $267.65. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. Illinois Tool Works Inc. has a 52-week low of $238.82 and a 52-week high of $303.15. The stock has a market cap of $85.27 billion, a PE ratio of 27.52, a PEG ratio of 4.89 and a beta of 1.00.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.80 by $0.04. The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, analysts forecast that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were paid a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio is presently 59.80%.

Insiders Place Their Bets

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

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.