Illinois Tool Works Inc. $ITW Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its position in Illinois Tool Works Inc. (NYSE:ITW) by 44.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,049 shares of the industrial products company’s stock after buying an additional 11,150 shares during the period. NEOS Investment Management LLC’s holdings in Illinois Tool Works were worth $9,400,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Corsicana & Co. acquired a new position in shares of Illinois Tool Works during the third quarter worth about $26,000. Vermillion & White Wealth Management Group LLC boosted its holdings in 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 acquired a new position in Illinois Tool Works during the 2nd quarter worth approximately $31,000. True Wealth Design LLC raised its stake 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 buying an additional 106 shares in the last quarter. Finally, MTM Investment Management LLC lifted its holdings in shares of Illinois Tool Works by 70.5% in the 3rd quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock valued at $42,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Down 0.8%

Shares of NYSE ITW opened at $297.27 on Wednesday. The firm’s 50-day moving average is $263.55 and its two-hundred day moving average is $257.70. The company has a market capitalization of $86.24 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 16.05 and a beta of 1.15. Illinois Tool Works Inc. has a 12-month low of $214.66 and a 12-month high of $303.15. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.03. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.07 billion. During the same period in the previous year, the firm posted $2.54 EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Equities analysts anticipate that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be given a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is currently 61.39%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ITW shares. UBS Group reaffirmed a “neutral” rating and set a $285.00 price objective on shares of Illinois Tool Works in a report on Wednesday, February 4th. Wolfe Research lowered their price target on shares of Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 4th. The Goldman Sachs Group reiterated a “sell” rating and issued a $253.00 price objective on shares of Illinois Tool Works in a research note on Tuesday, February 3rd. Citigroup boosted their price objective on shares of Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $272.92.

Insiders Place Their Bets

In related news, Director Ernest Scott Santi sold 167,345 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total value of $48,685,680.85. Following the completion of the transaction, the director owned 258,766 shares of the company’s stock, valued at approximately $75,282,792.38. The trade was a 39.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the completion of the transaction, the executive vice president owned 5,789 shares in the company, valued at approximately $1,680,083.58. This trade represents a 42.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is owned by company insiders.

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.