Illinois Tool Works Inc. $ITW Shares Acquired by Empowered Funds LLC

Empowered Funds LLC increased its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 31.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 87,668 shares of the industrial products company’s stock after buying an additional 20,732 shares during the period. Empowered Funds LLC’s holdings in Illinois Tool Works were worth $23,712,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ITW. Cresta Advisors Ltd. acquired a new position in shares of Illinois Tool Works during the fourth quarter worth $25,000. Motiv8 Investments LLC acquired a new stake in Illinois Tool Works in the fourth quarter valued at $27,000. Kemnay Advisory Services Inc. purchased a new stake in Illinois Tool Works during the 4th quarter worth about $27,000. Meeder Asset Management Inc. lifted its holdings in Illinois Tool Works by 215.0% during the 4th quarter. Meeder Asset Management Inc. now owns 126 shares of the industrial products company’s stock worth $31,000 after buying an additional 86 shares during the last quarter. Finally, Sfam LLC purchased a new position in Illinois Tool Works in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jennifer F. Scanlon purchased 806 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the acquisition, the director directly owned 1,652 shares of the company’s stock, valued at $409,679.48. This trade represents a 95.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matteo C. Pigozzo sold 277 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $289.22, for a total transaction of $80,113.94. Following the completion of the sale, the chief accounting officer owned 3,394 shares of the company’s stock, valued at $981,612.68. This trade represents a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.83% of the stock is currently owned by company insiders.

Illinois Tool Works Price Performance

Shares of NYSE:ITW opened at $281.43 on Friday. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The company has a 50-day moving average price of $279.56 and a 200 day moving average price of $271.44. The company has a market cap of $80.15 billion, a P/E ratio of 25.52, a PEG ratio of 4.82 and a beta of 0.99. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26.

Illinois Tool Works (NYSE:ITW) last released its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.04. The company had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. Research analysts predict that Illinois Tool Works Inc. will post 11.45 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be issued a dividend of $1.72 per share. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Illinois Tool Works’s dividend payout ratio is currently 58.39%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ITW. Citigroup restated a “neutral” rating on shares of Illinois Tool Works in a research note on Monday, July 13th. Robert W. Baird raised their price target on Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. UBS Group restated a “neutral” rating and issued a $300.00 price target on shares of Illinois Tool Works in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their target price on Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Illinois Tool Works has a consensus rating of “Reduce” and a consensus price target of $281.25.

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.