MUFG Securities EMEA plc Increases Stock Holdings in Illinois Tool Works Inc. $ITW

MUFG Securities EMEA plc increased its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 113.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,822 shares of the industrial products company’s stock after purchasing an additional 5,745 shares during the period. MUFG Securities EMEA plc’s holdings in Illinois Tool Works were worth $2,665,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cresta Advisors Ltd. purchased a new stake in shares of Illinois Tool Works in the fourth quarter valued at $25,000. Lodestone Wealth Management LLC purchased a new stake in shares of Illinois Tool Works in the fourth quarter valued at $28,000. Beacon Financial Strategies CORP purchased a new stake in shares of Illinois Tool Works in the fourth quarter valued at $29,000. Ares Financial Consulting LLC purchased a new stake in shares of Illinois Tool Works in the fourth quarter valued at $31,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of Illinois Tool Works in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Price Performance

Shares of NYSE ITW opened at $245.86 on Tuesday. Illinois Tool Works Inc. has a 1-year low of $238.82 and a 1-year high of $303.15. The business has a 50-day moving average of $259.65 and a 200-day moving average of $262.42. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86. The company has a market capitalization of $70.73 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 4.25 and a beta of 1.01.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.09. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the business earned $2.38 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, equities analysts anticipate that Illinois Tool Works Inc. will post 11.37 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be given a $1.61 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.6%. Illinois Tool Works’s dividend payout ratio is presently 59.80%.

Analysts Set New Price Targets

ITW has been the subject of a number of recent analyst reports. Wolfe Research lifted their price objective on Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research report on Friday, February 27th. Weiss Ratings downgraded Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. lowered their price target on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Evercore lowered their price target on Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Finally, UBS Group reissued a “neutral” rating and set a $285.00 price target on shares of Illinois Tool Works in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $271.92.

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.