OLD Republic International Corp Sells 25,000 Shares of Illinois Tool Works Inc. $ITW

OLD Republic International Corp decreased its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 18.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 108,500 shares of the industrial products company’s stock after selling 25,000 shares during the quarter. OLD Republic International Corp’s holdings in Illinois Tool Works were worth $29,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of ITW. Cresta Advisors Ltd. bought a new position in shares of Illinois Tool Works during the fourth quarter worth approximately $25,000. Motiv8 Investments LLC bought a new stake in shares of Illinois Tool Works in the fourth quarter valued at approximately $27,000. Kemnay Advisory Services Inc. acquired a new stake in Illinois Tool Works during the fourth quarter worth approximately $27,000. Wilkerson Advisory Group LLC increased its stake in Illinois Tool Works by 77.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 52 shares during the period. Finally, Global Assets Advisory LLC acquired a new position in Illinois Tool Works in the 1st quarter valued at $32,000. Institutional investors own 79.77% of the company’s stock.

Insider Transactions at Illinois Tool Works

In other news, Director Jennifer F. Scanlon bought 806 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was acquired at an average cost of $247.99 per share, with a total value of $199,879.94. Following the transaction, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

Illinois Tool Works Trading Up 0.5%

ITW opened at $288.47 on Tuesday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.11 and a quick ratio of 0.81. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The company’s 50 day moving average price is $267.03 and its two-hundred day moving average price is $268.58. The firm has a market capitalization of $82.99 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 4.84 and a beta of 0.99.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.04. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.19 billion. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.Illinois Tool Works’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, research analysts predict that Illinois Tool Works Inc. will post 11.46 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Tuesday, June 30th. Illinois Tool Works’s payout ratio is presently 58.39%.

Analysts Set New Price Targets

ITW has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research report on Monday, May 4th. Robert W. Baird increased their price objective on shares of Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Truist Financial raised their target price on shares of Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. Weiss Ratings downgraded shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. One equities research analyst has 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.com, Illinois Tool Works presently has an average rating of “Reduce” and a consensus price target of $281.25.

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.