KBC Group NV Grows Position in Illinois Tool Works Inc. $ITW

KBC Group NV grew its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 47.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,316 shares of the industrial products company’s stock after acquiring an additional 29,186 shares during the quarter. KBC Group NV’s holdings in Illinois Tool Works were worth $23,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ITW. Meridian Wealth Management LLC lifted its position in shares of Illinois Tool Works by 1.3% during the fourth quarter. Meridian Wealth Management LLC now owns 2,818 shares of the industrial products company’s stock valued at $694,000 after purchasing an additional 37 shares in the last quarter. Winnow Wealth LLC grew its position in Illinois Tool Works by 1.0% in the 4th quarter. Winnow Wealth LLC now owns 3,809 shares of the industrial products company’s stock worth $941,000 after purchasing an additional 37 shares in the last quarter. Crown Wealth Group LLC increased its stake in Illinois Tool Works by 4.0% in the 1st quarter. Crown Wealth Group LLC now owns 953 shares of the industrial products company’s stock valued at $248,000 after buying an additional 37 shares during the last quarter. Mayflower Financial Advisors LLC lifted its position in shares of Illinois Tool Works by 3.8% during the 4th quarter. Mayflower Financial Advisors LLC now owns 1,065 shares of the industrial products company’s stock worth $262,000 after buying an additional 39 shares in the last quarter. Finally, Revisor Wealth Management LLC lifted its position in shares of Illinois Tool Works by 1.4% during the 4th quarter. Revisor Wealth Management LLC now owns 2,841 shares of the industrial products company’s stock worth $734,000 after buying an additional 39 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ITW. Wolfe Research reaffirmed an “underperform” rating and issued a $286.00 target price on shares of Illinois Tool Works in a report on Thursday, July 9th. Evercore dropped their price target on Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Citigroup restated a “neutral” rating on shares of Illinois Tool Works in a research note on Monday, July 13th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $254.00 target price on shares of Illinois Tool Works in a research report on Thursday, April 30th. Finally, Wells Fargo & Company lifted their target price on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $274.00.

Illinois Tool Works Trading Up 0.1%

NYSE:ITW opened at $272.06 on Wednesday. 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 stock has a market capitalization of $78.27 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 4.67 and a beta of 1.00. The firm’s 50 day moving average is $260.69 and its 200 day moving average is $266.46. Illinois Tool Works Inc. has a 12 month low of $238.82 and a 12 month high of $303.15.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $4.01 billion. During the same period in the prior year, the company earned $2.38 earnings per share. Illinois Tool Works’s revenue 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 expect that Illinois Tool Works Inc. will post 11.37 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were paid a dividend of $1.61 per share. The ex-dividend date was Tuesday, June 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.4%. Illinois Tool Works’s dividend payout ratio is presently 59.80%.

Insiders Place Their Bets

In other news, Director Jennifer F. Scanlon acquired 806 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was bought at an average price of $247.99 per share, with a total value of $199,879.94. Following the acquisition, the director owned 1,652 shares in the company, valued at $409,679.48. The trade was a 95.27% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.83% of the company’s stock.

Illinois Tool Works 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.