Korea Investment CORP Buys 30,126 Shares of Illinois Tool Works Inc. $ITW

Korea Investment CORP grew its stake in Illinois Tool Works Inc. (NYSE:ITW) by 15.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 222,084 shares of the industrial products company’s stock after buying an additional 30,126 shares during the period. Korea Investment CORP’s holdings in Illinois Tool Works were worth $57,911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Illinois Tool Works by 5.3% in the 4th quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock worth $1,399,000 after purchasing an additional 277 shares in the last quarter. Bison Wealth LLC grew its holdings in Illinois Tool Works by 2.3% during the fourth quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock valued at $901,000 after purchasing an additional 81 shares during the period. Sivia Capital Partners LLC increased its stake in shares of Illinois Tool Works by 20.6% in the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company’s stock worth $257,000 after purchasing an additional 177 shares in the last quarter. Modera Wealth Management LLC grew its position in shares of Illinois Tool Works by 3.9% in the second quarter. Modera Wealth Management LLC now owns 5,417 shares of the industrial products company’s stock valued at $1,339,000 after purchasing an additional 204 shares in the last quarter. Finally, Bryn Mawr Trust Advisors LLC lifted its stake in Illinois Tool Works by 19.6% in the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 1,710 shares of the industrial products company’s stock worth $423,000 after purchasing an additional 280 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Illinois Tool Works Price Performance

Shares of NYSE ITW opened at $276.95 on Monday. The business’s 50 day moving average price is $273.02 and its 200 day moving average price is $260.47. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 2.07. The firm has a market cap of $79.82 billion, a P/E ratio of 26.40, a P/E/G ratio of 14.84 and a beta of 1.13. Illinois Tool Works Inc. has a 52 week low of $214.66 and a 52 week 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 (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.03. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same period in the prior year, the company posted $2.54 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, sell-side analysts expect that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st will be issued a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is presently 61.39%.

Analyst Upgrades and Downgrades

ITW has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Robert W. Baird set a $278.00 price target on Illinois Tool Works in a research note on Wednesday, February 4th. JPMorgan Chase & Co. lifted their target price on shares of Illinois Tool Works from $310.00 to $327.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Wolfe Research boosted their price target on Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a research note on Friday, February 27th. Finally, Barclays increased their price objective on shares of Illinois Tool Works from $244.00 to $275.00 and gave the stock an “underweight” rating in a research note on Monday, February 9th. Two 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. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $275.69.

Insider Activity

In other Illinois Tool Works news, EVP Axel Beck sold 4,223 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $290.22, for a total value of $1,225,599.06. Following the transaction, the executive vice president directly owned 5,789 shares in the company, valued at $1,680,083.58. The trade was a 42.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ernest Scott Santi sold 167,345 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total value of $48,685,680.85. Following the completion of the transaction, the director directly owned 258,766 shares in the company, valued at approximately $75,282,792.38. This trade represents a 39.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by company insiders.

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.