Illinois Tool Works Inc. $ITW Position Lifted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 586,906 shares of the industrial products company’s stock after acquiring an additional 21,481 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.20% of Illinois Tool Works worth $146,433,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Caisse de depot et placement du Quebec lifted its position in shares of 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 worth $110,705,000 after buying an additional 316,512 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Illinois Tool Works by 316.3% in the 4th quarter. SG Americas Securities LLC now owns 366,012 shares of the industrial products company’s stock worth $90,149,000 after buying an additional 278,085 shares during the last quarter. Marshall Wace LLP lifted its position in shares of 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 worth $104,344,000 after buying an additional 246,994 shares during the last quarter. UBS Group AG lifted its position in shares of Illinois Tool Works by 10.7% in the 4th quarter. UBS Group AG now owns 2,101,383 shares of the industrial products company’s stock worth $517,571,000 after buying an additional 203,863 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Illinois Tool Works by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 26,887,218 shares of the industrial products company’s stock worth $6,622,322,000 after buying an additional 189,229 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ITW shares. Citigroup raised their price target on shares of Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Monday. Wells Fargo & Company raised their price target on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research report on Monday. Truist Financial increased their price objective on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating and issued a $285.00 price objective on shares of Illinois Tool Works in a report on Wednesday, February 4th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $254.00 price objective on shares of Illinois Tool Works in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Illinois Tool Works presently has a consensus rating of “Reduce” and a consensus target price of $270.46.

Illinois Tool Works Stock Up 2.4%

Illinois Tool Works stock opened at $260.73 on Thursday. The stock has a market cap of $75.11 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 4.38 and a beta of 1.04. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04. The company’s 50-day moving average price is $269.51 and its two-hundred day moving average price is $262.02. Illinois Tool Works Inc. has a 52 week low of $236.68 and a 52 week high of $303.15.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, beating the consensus estimate of $2.57 by $0.09. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. Illinois Tool Works’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, analysts expect that Illinois Tool Works Inc. will post 11.36 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st were paid a dividend of $1.61 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $6.44 annualized dividend and a yield of 2.5%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 59.80%.

Illinois Tool Works 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.