Illinois Tool Works Inc. $ITW Shares Acquired by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. lifted its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,530 shares of the industrial products company’s stock after buying an additional 3,360 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Illinois Tool Works were worth $8,997,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. AE Wealth Management LLC boosted its holdings in Illinois Tool Works by 128.4% in the third quarter. AE Wealth Management LLC now owns 9,128 shares of the industrial products company’s stock valued at $2,380,000 after purchasing an additional 5,131 shares during the last quarter. Siemens Fonds Invest GmbH boosted its holdings in Illinois Tool Works by 70.1% in the third quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company’s stock valued at $4,753,000 after purchasing an additional 7,508 shares during the last quarter. Madison Asset Management LLC boosted its holdings in Illinois Tool Works by 411.8% in the third quarter. Madison Asset Management LLC now owns 87,875 shares of the industrial products company’s stock valued at $22,914,000 after purchasing an additional 70,704 shares during the last quarter. Mediolanum International Funds Ltd boosted its holdings in Illinois Tool Works by 10.4% in 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. Finally, Huntleigh Advisors Inc. boosted its holdings in Illinois Tool Works by 111.2% in the third quarter. Huntleigh Advisors Inc. now owns 16,276 shares of the industrial products company’s stock valued at $4,244,000 after purchasing an additional 8,569 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Illinois Tool Works Stock Down 1.2%

NYSE:ITW opened at $247.85 on Friday. The company has a market capitalization of $71.31 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 4.31 and a beta of 1.04. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. The stock has a 50-day simple moving average of $264.17 and a 200 day simple moving average of $261.91. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the firm earned $2.38 earnings per share. The company’s revenue for the quarter 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. Sell-side analysts predict that Illinois Tool Works Inc. will post 11.36 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a $1.61 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a yield of 2.6%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 59.80%.

Analyst Ratings Changes

ITW has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a report on Monday, May 4th. Robert W. Baird set a $278.00 price target on Illinois Tool Works in a research note on Wednesday, February 4th. 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. UBS Group reiterated a “neutral” rating and issued a $285.00 price target on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus 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.