Illinois Tool Works Inc. $ITW Shares Purchased by Perbak Capital Partners LLP

Perbak Capital Partners LLP increased its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 171.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,780 shares of the industrial products company’s stock after buying an additional 3,020 shares during the period. Perbak Capital Partners LLP’s holdings in Illinois Tool Works were worth $1,246,000 at the end of the most recent quarter.

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

Illinois Tool Works Stock Up 0.6%

ITW opened at $267.09 on Friday. Illinois Tool Works Inc. has a one year low of $214.66 and a one year high of $303.15. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.89 and a current ratio of 1.21. The stock has a market capitalization of $76.97 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 14.22 and a beta of 1.13. The business’s 50-day simple moving average is $275.20 and its 200-day simple moving average is $260.72.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.03. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.07 billion. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The business’s revenue was up 4.1% on a year-over-year basis. 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. Analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be issued a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is presently 61.39%.

Insider Buying and Selling

In other news, EVP Axel Beck sold 4,223 shares of Illinois Tool Works stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $290.22, for a total value of $1,225,599.06. Following the transaction, the executive vice president directly owned 5,789 shares of the company’s stock, valued at $1,680,083.58. The trade was a 42.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ernest Scott Santi sold 167,345 shares of the company’s stock in a transaction on 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 trade represents a 39.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ITW shares. JPMorgan Chase & Co. raised their price target on Illinois Tool Works from $310.00 to $327.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Wells Fargo & Company upped their price objective on Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. Robert W. Baird set a $278.00 target price on Illinois Tool Works in a research report on Wednesday, February 4th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $285.00 price target on shares of Illinois Tool Works in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $275.69.

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.