Fisher Asset Management LLC Has $912.56 Million Stock Holdings in Illinois Tool Works Inc. $ITW

Fisher Asset Management LLC lifted its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 1.5% during the 4th quarter, Holdings Channel reports. The firm owned 3,705,081 shares of the industrial products company’s stock after purchasing an additional 54,519 shares during the quarter. Fisher Asset Management LLC’s holdings in Illinois Tool Works were worth $912,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Cresta Advisors Ltd. acquired a new position in shares of Illinois Tool Works during the 4th quarter worth about $25,000. Lodestone Wealth Management LLC acquired a new position in Illinois Tool Works in the 4th quarter valued at about $28,000. Beacon Financial Strategies CORP acquired a new position in Illinois Tool Works in the 4th quarter valued at about $29,000. Ares Financial Consulting LLC acquired a new position in Illinois Tool Works in the 4th quarter valued at about $31,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Illinois Tool Works in the 4th quarter valued at about $39,000. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Illinois Tool Works Stock Performance

NYSE ITW opened at $252.34 on Monday. The firm has a market capitalization of $72.60 billion, a price-to-earnings ratio of 23.43, a P/E/G ratio of 4.33 and a beta of 1.04. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04. The firm’s 50 day simple moving average is $261.54 and its 200 day simple moving average is $262.23. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15.

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

Illinois Tool Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $1.61 per share. 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 (DPR) is presently 59.80%.

Analysts Set New Price Targets

A number of research analysts recently commented on ITW shares. 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. Wolfe Research upped 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. JPMorgan Chase & Co. decreased their target price on shares of Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Finally, Truist Financial increased their target price on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $271.92.

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.