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

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Illinois Tool Works Inc. (NYSE:ITW) by 4.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 565,425 shares of the industrial products company’s stock after purchasing an additional 25,866 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Illinois Tool Works were worth $147,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AE Wealth Management LLC grew its holdings in shares of Illinois Tool Works by 128.4% during the 3rd quarter. AE Wealth Management LLC now owns 9,128 shares of the industrial products company’s stock valued at $2,380,000 after acquiring an additional 5,131 shares in the last quarter. Mediolanum International Funds Ltd boosted its position in Illinois Tool Works by 10.4% during the third quarter. Mediolanum International Funds Ltd now owns 103,161 shares of the industrial products company’s stock valued at $26,964,000 after purchasing an additional 9,738 shares during the last quarter. Brendel Financial Advisors LLC grew its stake in Illinois Tool Works by 1,328.6% in the third quarter. Brendel Financial Advisors LLC now owns 13,929 shares of the industrial products company’s stock valued at $3,632,000 after purchasing an additional 12,954 shares in the last quarter. Madison Asset Management LLC increased its position in Illinois Tool Works by 411.8% in the 3rd quarter. Madison Asset Management LLC now owns 87,875 shares of the industrial products company’s stock worth $22,914,000 after purchasing an additional 70,704 shares during the last quarter. Finally, Davis Capital Management purchased a new stake in shares of Illinois Tool Works during the 3rd quarter worth about $1,162,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Illinois Tool Works

In related news, EVP Axel Beck sold 4,223 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the completion of the transaction, the executive vice president owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. The trade was a 42.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total value of $48,685,680.85. Following the sale, the director owned 258,766 shares of the company’s stock, valued at approximately $75,282,792.38. The trade was a 39.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ITW. Bank of America raised Illinois Tool Works from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $220.00 to $255.00 in a research note on Tuesday, November 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Robert W. Baird set a $278.00 price target on shares of Illinois Tool Works in a report on Wednesday, February 4th. Evercore reduced their price objective on shares of Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating for the company in a research note on Monday, November 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Illinois Tool Works from $275.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $272.92.

Illinois Tool Works Trading Up 0.2%

NYSE:ITW opened at $290.41 on Friday. The company’s 50 day moving average is $268.95 and its 200-day moving average is $259.47. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 2.07. Illinois Tool Works Inc. has a 12 month low of $214.66 and a 12 month high of $303.15. The firm has a market cap of $83.70 billion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 15.51 and a beta of 1.15.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.03. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.07 billion. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. Illinois Tool Works’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Equities analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be given a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio (DPR) is currently 61.39%.

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.