SG Americas Securities LLC Purchases 278,085 Shares of Illinois Tool Works Inc. $ITW

SG Americas Securities LLC boosted its position in Illinois Tool Works Inc. (NYSE:ITW) by 316.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 366,012 shares of the industrial products company’s stock after purchasing an additional 278,085 shares during the period. SG Americas Securities LLC owned approximately 0.13% of Illinois Tool Works worth $90,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Illinois Tool Works in the second quarter worth approximately $821,888,000. Laurel Wealth Advisors LLC boosted its holdings in Illinois Tool Works by 24,625.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 343,431 shares of the industrial products company’s stock valued at $84,913,000 after acquiring an additional 342,042 shares during the period. Caisse de depot et placement du Quebec grew its position in Illinois Tool Works by 293.0% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 424,547 shares of the industrial products company’s stock valued at $110,705,000 after acquiring an additional 316,512 shares during the last quarter. Marshall Wace LLP grew its position in Illinois Tool Works by 161.3% in the 3rd quarter. Marshall Wace LLP now owns 400,152 shares of the industrial products company’s stock valued at $104,344,000 after acquiring an additional 246,994 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Illinois Tool Works by 9.1% in the second quarter. Invesco Ltd. now owns 2,220,345 shares of the industrial products company’s stock worth $548,980,000 after purchasing an additional 185,416 shares during the period. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

Shares of Illinois Tool Works stock opened at $262.77 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07. The stock’s fifty day moving average price is $276.49 and its 200-day moving average price is $260.59. The firm has a market cap of $75.73 billion, a P/E ratio of 25.05, a P/E/G ratio of 13.77 and a beta of 1.12. Illinois Tool Works Inc. has a 12 month low of $214.66 and a 12 month high of $303.15.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.07 billion. During the same period in the prior year, the firm earned $2.54 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, equities research analysts expect that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be given a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is presently 61.39%.

Wall Street Analyst Weigh In

ITW has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a research note on Wednesday, January 28th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $253.00 price target on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Robert W. Baird set a $278.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, February 4th. JPMorgan Chase & Co. upped their target price on shares of Illinois Tool Works from $310.00 to $327.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Finally, Truist Financial raised their target price on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $275.69.

Insider Buying and Selling

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was 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 in the company, valued at $75,282,792.38. This represents a 39.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Axel Beck sold 4,223 shares of the stock in a transaction on 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 sale, the executive vice president directly owned 5,789 shares in the company, valued at $1,680,083.58. This trade represents a 42.18% decrease in their position. The SEC filing for this sale provides additional information. 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.