NEOS Investment Management LLC Raises Position in Illinois Tool Works Inc. $ITW

NEOS Investment Management LLC lifted its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 44.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 36,049 shares of the industrial products company’s stock after acquiring an additional 11,150 shares during the period. NEOS Investment Management LLC’s holdings in Illinois Tool Works were worth $9,400,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. AE Wealth Management LLC boosted its stake in shares of Illinois Tool Works by 128.4% in the third quarter. AE Wealth Management LLC now owns 9,128 shares of the industrial products company’s stock valued at $2,380,000 after purchasing an additional 5,131 shares during the period. Brendel Financial Advisors LLC lifted its holdings in Illinois Tool Works by 1,328.6% in the 3rd quarter. Brendel Financial Advisors LLC now owns 13,929 shares of the industrial products company’s stock worth $3,632,000 after buying an additional 12,954 shares in the last quarter. Mediolanum International Funds Ltd boosted its position in Illinois Tool Works by 10.4% in the 3rd quarter. Mediolanum International Funds Ltd now owns 103,161 shares of the industrial products company’s stock valued at $26,964,000 after buying an additional 9,738 shares during the last quarter. Madison Asset Management LLC grew its stake in shares of Illinois Tool Works by 411.8% during the third quarter. Madison Asset Management LLC now owns 87,875 shares of the industrial products company’s stock valued at $22,914,000 after acquiring an additional 70,704 shares in the last quarter. Finally, Davis Capital Management purchased a new stake in shares of Illinois Tool Works during the third quarter worth about $1,162,000. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Illinois Tool Works Trading Down 0.8%

Illinois Tool Works stock opened at $297.27 on Wednesday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.89 and a current ratio of 1.21. Illinois Tool Works Inc. has a 1 year low of $214.66 and a 1 year high of $303.15. The firm’s 50-day moving average is $263.55 and its 200-day moving average is $257.70. The company has a market cap of $86.24 billion, a P/E ratio of 28.34, a PEG ratio of 16.05 and a beta of 1.15.

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 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 firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same quarter in the prior year, the business earned $2.54 earnings per share. Illinois Tool Works’s quarterly revenue 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, equities analysts expect that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 31st will be given a dividend of $1.61 per share. The ex-dividend date is Tuesday, March 31st. This represents a $6.44 dividend on an annualized basis and a yield of 2.2%. Illinois Tool Works’s payout ratio is currently 61.39%.

Analyst Upgrades and Downgrades

ITW has been the subject of a number of recent analyst reports. Wolfe Research lowered their price objective on Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating for the company in a research note on Wednesday, February 4th. Robert W. Baird set a $278.00 target price on Illinois Tool Works in a research note on Wednesday, February 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a research report 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 report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Illinois Tool Works from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Two investment analysts have 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 has an average rating of “Reduce” and an average target price of $272.92.

Insiders Place Their Bets

In other Illinois Tool Works news, EVP Axel Beck sold 4,223 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was 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 approximately $1,680,083.58. This trade represents a 42.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ernest Scott Santi sold 167,345 shares of the company’s stock in a transaction dated 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 transaction, the director owned 258,766 shares of the company’s stock, valued at $75,282,792.38. This 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 owned by corporate 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.