JPMorgan Chase & Co. Boosts Stock Holdings in Illinois Tool Works Inc. $ITW

JPMorgan Chase & Co. grew its position in Illinois Tool Works Inc. (NYSE:ITW) by 15.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,156,043 shares of the industrial products company’s stock after purchasing an additional 155,105 shares during the period. JPMorgan Chase & Co. owned about 0.40% of Illinois Tool Works worth $301,467,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Corsicana & Co. bought a new position in shares of Illinois Tool Works during the 3rd quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC increased its position in shares of Illinois Tool Works by 103.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 63 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Illinois Tool Works during the second quarter worth $31,000. True Wealth Design LLC boosted its position in Illinois Tool Works by 341.9% in the third quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 106 shares during the last quarter. Finally, MTM Investment Management LLC grew its stake in Illinois Tool Works by 70.5% in the 3rd quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 67 shares during the period. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ITW. Bank of America upgraded shares of Illinois Tool Works from an “underperform” rating to a “neutral” rating and increased their price target for the company from $220.00 to $255.00 in a research report on Tuesday, November 18th. Barclays increased their target price on shares of Illinois Tool Works from $244.00 to $275.00 and gave the company an “underweight” rating in a research report on Monday, February 9th. Wells Fargo & Company lifted their price target on shares of Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” rating in a report on Wednesday, February 4th. Evercore dropped their price target on Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating on the stock in a research report on Monday, November 17th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $272.92.

Illinois Tool Works Trading Down 0.9%

Shares of ITW stock opened at $293.39 on Friday. Illinois Tool Works Inc. has a 52-week low of $214.66 and a 52-week high of $303.15. The business’s fifty day moving average is $265.13 and its 200 day moving average is $258.21. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.89 and a current ratio of 1.21. The company has a market capitalization of $84.56 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 15.85 and a beta of 1.15.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.69 by $0.03. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.07 billion. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.Illinois Tool Works’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, equities research analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

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

Insider Buying and Selling at Illinois Tool Works

In other news, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works stock in a transaction on Wednesday, February 4th. The shares were 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 directly owned 258,766 shares of the company’s stock, valued at approximately $75,282,792.38. The trade was a 39.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 completion of the transaction, the executive vice president directly owned 5,789 shares in the company, valued at approximately $1,680,083.58. This represents a 42.18% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.88% 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.