Forsta AP Fonden Increases Holdings in Illinois Tool Works Inc. $ITW

Forsta AP Fonden boosted its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,080 shares of the industrial products company’s stock after acquiring an additional 6,280 shares during the quarter. Forsta AP Fonden’s holdings in Illinois Tool Works were worth $28,837,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ITW. Norges Bank acquired a new stake in Illinois Tool Works during the fourth quarter worth $808,351,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Illinois Tool Works by 1,517.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 390,022 shares of the industrial products company’s stock valued at $96,062,000 after purchasing an additional 365,915 shares during the period. Caisse de depot et placement du Quebec boosted its holdings in Illinois Tool Works by 293.0% in the third quarter. Caisse de depot et placement du Quebec now owns 424,547 shares of the industrial products company’s stock valued at $110,705,000 after purchasing an additional 316,512 shares during the period. SG Americas Securities LLC boosted its holdings in Illinois Tool Works by 316.3% in the fourth quarter. SG Americas Securities LLC now owns 366,012 shares of the industrial products company’s stock valued at $90,149,000 after purchasing an additional 278,085 shares during the period. Finally, Marshall Wace LLP boosted its holdings in Illinois Tool Works by 161.3% in the third quarter. Marshall Wace LLP now owns 400,152 shares of the industrial products company’s stock valued at $104,344,000 after purchasing an additional 246,994 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Stock Down 1.0%

Illinois Tool Works stock opened at $247.11 on Friday. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. The company has a market capitalization of $71.09 billion, a P/E ratio of 22.94, a PEG ratio of 4.29 and a beta of 1.04. The stock has a 50-day simple moving average of $259.94 and a 200-day simple moving average of $262.28.

Illinois Tool Works (NYSE:ITW) last posted its earnings results 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 the consensus estimate of $4.01 billion. During the same period in the previous year, the business earned $2.38 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Equities research analysts expect that Illinois Tool Works Inc. will post 11.37 earnings per share for the current year.

Illinois Tool Works Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on ITW. UBS Group reiterated a “neutral” rating and issued a $285.00 target price on shares of Illinois Tool Works in a report on Wednesday, February 4th. Weiss Ratings downgraded Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Truist Financial lifted their price target on Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. Robert W. Baird set a $278.00 price target on Illinois Tool Works in a report on Wednesday, February 4th. Finally, Citigroup lifted their price target on Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average 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.