Illinois Tool Works Inc. $ITW Shares Bought by Corient Private Wealth LP

Corient Private Wealth LP raised its stake in Illinois Tool Works Inc. (NYSE:ITW) by 109.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 517,411 shares of the industrial products company’s stock after buying an additional 270,852 shares during the period. Corient Private Wealth LP’s holdings in Illinois Tool Works were worth $139,946,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ITW. B. Metzler seel. Sohn & Co. AG purchased a new stake in Illinois Tool Works during the 2nd quarter worth approximately $5,017,000. Sanctuary Advisors LLC acquired a new position in shares of Illinois Tool Works during the 2nd quarter worth about $14,028,000. Pacific Heights Asset Management LLC raised its holdings in Illinois Tool Works by 15.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 115,000 shares of the industrial products company’s stock worth $28,324,000 after purchasing an additional 15,000 shares in the last quarter. Cibc World Market Inc. purchased a new stake in Illinois Tool Works in the second quarter valued at $3,887,000. Finally, MUFG Securities EMEA plc boosted its position in shares of Illinois Tool Works by 113.2% in the 4th quarter. MUFG Securities EMEA plc now owns 10,822 shares of the industrial products company’s stock valued at $2,665,000 after purchasing an additional 5,745 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ITW. Wolfe Research reissued an “underperform” rating and issued a $286.00 price objective on shares of Illinois Tool Works in a research note on Thursday, July 9th. UBS Group reaffirmed a “neutral” rating and set a $300.00 price objective on shares of Illinois Tool Works in a report on Wednesday, July 29th. Robert W. Baird raised their target price on Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Citigroup reaffirmed a “neutral” rating on shares of Illinois Tool Works in a research note on Monday, July 13th. Finally, Truist Financial increased their target price on shares of Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $281.25.

Illinois Tool Works Stock Performance

NYSE ITW opened at $268.08 on Friday. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The stock has a market cap of $76.35 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 3.60 and a beta of 0.98. The business has a fifty day moving average of $280.06 and a 200-day moving average of $269.62. 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 (NYSE:ITW) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.04. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the prior year, the firm posted $2.58 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, analysts predict that Illinois Tool Works Inc. will post 11.43 earnings per share for the current fiscal year.

Illinois Tool Works Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be issued a $1.72 dividend. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.61. The ex-dividend date is Wednesday, September 30th. This represents a $6.88 annualized dividend and a yield of 2.6%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 62.38%.

Insider Activity at Illinois Tool Works

In other news, Director Ernest Santi sold 41,431 shares of the business’s stock in a transaction 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 sale, the director directly owned 266,288 shares of the company’s stock, valued at $76,448,621.92. The trade was a 13.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Matteo Pigozzo sold 277 shares of Illinois Tool Works stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $289.22, for a total transaction of $80,113.94. Following the sale, the chief accounting officer owned 3,394 shares in the company, valued at $981,612.68. This represents a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.83% of the company’s stock.

Illinois Tool Works Profile

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces specialized equipment, components, consumables and related solutions for businesses worldwide. Its products are used across industries including automotive, food service, construction, electronics, welding and general manufacturing.

The company operates through several business segments, including Automotive, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products.