Illinois Tool Works Inc. $ITW Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 32.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,587 shares of the industrial products company’s stock after buying an additional 18,801 shares during the period. Vinva Investment Management Ltd’s holdings in Illinois Tool Works were worth $20,018,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Corsicana & Co. acquired a new stake in shares of Illinois Tool Works during the 3rd quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC raised its holdings in Illinois Tool Works by 103.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 63 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in Illinois Tool Works during the second quarter worth approximately $31,000. True Wealth Design LLC boosted its position in Illinois Tool Works by 341.9% during the third quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 106 shares in the last quarter. Finally, MTM Investment Management LLC grew its holdings in Illinois Tool Works by 70.5% in the third quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 67 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

NYSE ITW opened at $276.95 on Friday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $273.02 and its 200-day simple moving average is $260.48. The company has a market cap of $79.82 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 14.84 and a beta of 1.13. Illinois Tool Works Inc. has a 1-year low of $214.66 and a 1-year high of $303.15.

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

Illinois Tool Works Dividend Announcement

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 paid a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio (DPR) is currently 61.39%.

Wall Street Analyst Weigh In

ITW has been the subject of several research analyst reports. Citigroup upped their target price on Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Wolfe Research lifted their price target on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research note on Friday, February 27th. Evercore cut their price target on shares of Illinois Tool Works from $261.00 to $253.00 and set an “underperform” rating for the company in a report on Monday, November 17th. JPMorgan Chase & Co. upped their price objective on shares of Illinois Tool Works from $310.00 to $327.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $253.00 target price on shares of Illinois Tool Works in a research report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $275.69.

Insider Transactions at Illinois Tool Works

In related news, Director Ernest Scott Santi sold 167,345 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the completion of the sale, the director owned 258,766 shares of the company’s stock, valued at approximately $75,282,792.38. This represents a 39.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Axel Beck sold 4,223 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. Insiders own 0.88% 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.