Goldman Sachs Group Inc. Boosts Position in Illinois Tool Works Inc. $ITW

Goldman Sachs Group Inc. boosted its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 11.9% during the fourth quarter, Holdings Channel reports. The firm owned 3,311,357 shares of the industrial products company’s stock after buying an additional 353,056 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Illinois Tool Works were worth $815,587,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ITW. Siemens Fonds Invest GmbH lifted its position in Illinois Tool Works by 70.1% during the third quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company’s stock worth $4,753,000 after buying an additional 7,508 shares during the period. Madison Asset Management LLC lifted its position in Illinois Tool Works by 411.8% during the third quarter. Madison Asset Management LLC now owns 87,875 shares of the industrial products company’s stock worth $22,914,000 after buying an additional 70,704 shares during the period. Hudson Bay Capital Management LP lifted its position in Illinois Tool Works by 123.4% during the third quarter. Hudson Bay Capital Management LP now owns 23,063 shares of the industrial products company’s stock worth $6,014,000 after buying an additional 12,741 shares during the period. Y.D. More Investments Ltd purchased a new position in Illinois Tool Works during the fourth quarter worth about $2,498,000. Finally, Gradient Investments LLC lifted its position in Illinois Tool Works by 691.3% during the fourth quarter. Gradient Investments LLC now owns 62,677 shares of the industrial products company’s stock worth $15,437,000 after buying an additional 54,756 shares during the period. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ITW shares. Robert W. Baird set a $278.00 target price on Illinois Tool Works in a research report on Wednesday, February 4th. The Goldman Sachs Group reiterated a “sell” rating and set a $254.00 target price on shares of Illinois Tool Works in a research report on Thursday, April 30th. UBS Group reiterated a “neutral” rating and set a $285.00 target price on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Wells Fargo & Company increased their target price on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. reduced their target price on 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. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $271.92.

Illinois Tool Works Stock Performance

Shares of NYSE:ITW opened at $250.62 on Thursday. The firm has a market capitalization of $72.10 billion, a PE ratio of 23.27, a P/E/G ratio of 4.27 and a beta of 1.01. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86. The business has a 50-day moving average of $259.23 and a two-hundred day moving average of $262.48. 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 results on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, topping the consensus estimate of $2.57 by $0.09. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.38 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, research analysts forecast 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 will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $1.61 per share. The ex-dividend date is Tuesday, June 30th. This represents a $6.44 annualized dividend and a yield of 2.6%. Illinois Tool Works’s dividend payout ratio is currently 59.80%.

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.