Illinois Tool Works Inc. $ITW Shares Acquired by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH increased its stake in Illinois Tool Works Inc. (NYSE:ITW) by 70.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,226 shares of the industrial products company’s stock after acquiring an additional 7,508 shares during the period. Siemens Fonds Invest GmbH’s holdings in Illinois Tool Works were worth $4,753,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in Illinois Tool Works during the 2nd quarter worth about $821,888,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Illinois Tool Works by 12.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,797,055 shares of the industrial products company’s stock valued at $938,822,000 after buying an additional 415,982 shares during the period. Laurel Wealth Advisors LLC grew its position in shares of Illinois Tool Works by 24,625.1% during the second quarter. Laurel Wealth Advisors LLC now owns 343,431 shares of the industrial products company’s stock worth $84,913,000 after buying an additional 342,042 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Illinois Tool Works by 1.3% during the second quarter. Vanguard Group Inc. now owns 26,723,774 shares of the industrial products company’s stock worth $6,607,453,000 after buying an additional 335,955 shares during the period. Finally, Marshall Wace LLP raised its holdings in Illinois Tool Works by 161.3% in the third 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 in the last quarter. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Bank of America upgraded shares of Illinois Tool Works from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $220.00 to $255.00 in a research note on Tuesday, November 18th. UBS Group restated a “neutral” rating and issued a $285.00 price objective on shares of Illinois Tool Works in a report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their price objective on shares of Illinois Tool Works from $310.00 to $327.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Robert W. Baird set a $278.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Finally, Wolfe Research increased their target price on Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a report on Friday, February 27th. 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 stock. Based on data from MarketBeat.com, Illinois Tool Works currently has a consensus rating of “Reduce” and an average price target of $275.69.

Illinois Tool Works Trading Up 0.6%

Shares of Illinois Tool Works stock opened at $267.09 on Friday. Illinois Tool Works Inc. has a 1 year low of $214.66 and a 1 year high of $303.15. 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 $76.97 billion, a P/E ratio of 25.46, a PEG ratio of 14.22 and a beta of 1.13. The company’s fifty day moving average is $275.20 and its two-hundred day moving average is $260.72.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, beating 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 business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.07 billion. During the same period in the prior year, the company earned $2.54 earnings per share. The business’s revenue 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. Analysts forecast 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. Shareholders of record on Tuesday, March 31st will be paid a dividend of $1.61 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $6.44 annualized dividend and a yield of 2.4%. Illinois Tool Works’s dividend payout ratio is currently 61.39%.

Insider Buying and Selling

In other news, Director Ernest Scott Santi sold 167,345 shares of the company’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Axel Beck sold 4,223 shares of the 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 of the company’s stock, valued at approximately $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.