Dearborn Partners LLC Takes $29.92 Million Position in Illinois Tool Works Inc. $ITW

Dearborn Partners LLC bought a new position in shares of Illinois Tool Works Inc. (NYSE:ITW) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 114,961 shares of the industrial products company’s stock, valued at approximately $29,923,000. Illinois Tool Works accounts for 1.4% of Dearborn Partners LLC’s holdings, making the stock its 20th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Jefferies Financial Group Inc. lifted its holdings in shares of Illinois Tool Works by 13.5% during the second quarter. Jefferies Financial Group Inc. now owns 31,604 shares of the industrial products company’s stock worth $8,548,000 after buying an additional 3,768 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH boosted its position in shares of Illinois Tool Works by 14.2% in the second quarter. MASTERINVEST Kapitalanlage GmbH now owns 9,043 shares of the industrial products company’s stock valued at $2,446,000 after acquiring an additional 1,125 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Illinois Tool Works in the second quarter valued at about $504,000. Transamerica Financial Advisors LLC increased its position in Illinois Tool Works by 9.0% during the second quarter. Transamerica Financial Advisors LLC now owns 4,288 shares of the industrial products company’s stock worth $1,161,000 after acquiring an additional 355 shares during the period. Finally, Corient Private Wealth LP raised its stake in Illinois Tool Works by 112.6% in the 2nd quarter. Corient Private Wealth LP now owns 524,153 shares of the industrial products company’s stock worth $141,768,000 after purchasing an additional 277,594 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on ITW shares. Wells Fargo & Company boosted their price objective 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. Evercore dropped their price target on shares of Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. The Goldman Sachs Group reiterated a “sell” rating and issued a $254.00 price target on shares of Illinois Tool Works in a research note on Thursday, April 30th. JPMorgan Chase & Co. increased their price target on Illinois Tool Works from $310.00 to $350.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Truist Financial raised their price objective on Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $281.25.

Illinois Tool Works Trading Down 1.4%

Shares of Illinois Tool Works stock opened at $281.43 on Friday. The company has a market capitalization of $80.15 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 4.82 and a beta of 0.99. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15. The firm’s 50-day moving average price is $279.56 and its two-hundred day moving average price is $271.44.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.80 by $0.04. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, analysts forecast that Illinois Tool Works Inc. will post 11.45 earnings per share for the current fiscal year.

Illinois Tool Works Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be paid a $1.72 dividend. This represents a $6.88 dividend on an annualized basis and a yield of 2.4%. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.61. The ex-dividend date of this dividend is Wednesday, September 30th. Illinois Tool Works’s payout ratio is 58.39%.

Insider Buying and Selling at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Scott Santi sold 41,431 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $287.09, for a total transaction of $11,894,425.79. Following the completion of the transaction, the director directly owned 266,288 shares in the company, valued at $76,448,621.92. The trade was a 13.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jennifer F. Scanlon bought 806 shares of Illinois Tool Works stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the acquisition, the director owned 1,652 shares in the company, valued at approximately $409,679.48. This represents a 95.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.83% of the company’s stock.

Illinois Tool Works Company 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.