Kepler Cheuvreux Suisse SA Decreases Stake in Illinois Tool Works Inc. $ITW

Kepler Cheuvreux Suisse SA lowered its position in Illinois Tool Works Inc. (NYSE:ITW) by 75.5% in the fourth quarter, Holdings Channel reports. The fund owned 12,846 shares of the industrial products company’s stock after selling 39,648 shares during the period. Kepler Cheuvreux Suisse SA’s holdings in Illinois Tool Works were worth $3,164,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ITW. Brighton Jones LLC raised its holdings in Illinois Tool Works by 5.3% during the fourth quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock worth $1,399,000 after purchasing an additional 277 shares in the last quarter. Bison Wealth LLC raised its holdings in Illinois Tool Works by 2.3% during the fourth quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock worth $901,000 after purchasing an additional 81 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Illinois Tool Works by 20.6% during the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company’s stock worth $257,000 after purchasing an additional 177 shares in the last quarter. Sei Investments Co. raised its holdings in Illinois Tool Works by 22.0% during the second quarter. Sei Investments Co. now owns 106,784 shares of the industrial products company’s stock worth $26,401,000 after purchasing an additional 19,248 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Illinois Tool Works by 2.2% during the second quarter. Treasurer of the State of North Carolina now owns 136,884 shares of the industrial products company’s stock worth $33,845,000 after purchasing an additional 2,890 shares in the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

Shares of Illinois Tool Works stock opened at $254.54 on Monday. The firm’s fifty day simple moving average is $268.73 and its 200-day simple moving average is $262.06. The stock has a market capitalization of $73.23 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 4.38 and a beta of 1.04. Illinois Tool Works Inc. has a 12 month low of $238.82 and a 12 month high of $303.15. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. The business 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%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, equities analysts forecast that Illinois Tool Works Inc. will post 11.36 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be paid a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Illinois Tool Works’s payout ratio is currently 59.80%.

Analyst Ratings Changes

A number of research firms have weighed in on ITW. Robert W. Baird set a $278.00 price objective on shares of Illinois Tool Works in a report on Wednesday, February 4th. Wolfe Research raised their price objective on shares of Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a report on Friday, February 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Illinois Tool Works in a report on Monday, April 27th. Wells Fargo & Company lifted their target price on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a report on Monday, May 4th. Finally, Citigroup lifted their target price on shares of Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $270.46.

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.