National Pension Service Buys 19,087 Shares of Illinois Tool Works Inc. $ITW

National Pension Service raised its stake in shares of Illinois Tool Works Inc. (NYSE:ITW) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 696,533 shares of the industrial products company’s stock after acquiring an additional 19,087 shares during the period. National Pension Service owned about 0.24% of Illinois Tool Works worth $171,556,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Cresta Advisors Ltd. bought a new position in Illinois Tool Works during the 4th quarter valued at $25,000. Lodestone Wealth Management LLC bought a new position in Illinois Tool Works during the 4th quarter valued at $28,000. Beacon Financial Strategies CORP bought a new position in Illinois Tool Works during the 4th quarter valued at $29,000. Ares Financial Consulting LLC bought a new position in Illinois Tool Works during the 4th quarter valued at $31,000. Finally, Basepoint Wealth LLC bought a new position in Illinois Tool Works during the 4th quarter valued at $32,000. 79.77% of the stock is currently owned by institutional investors.

Illinois Tool Works Trading Down 1.0%

Shares of Illinois Tool Works stock opened at $247.11 on Friday. Illinois Tool Works Inc. has a 52-week low of $238.82 and a 52-week high of $303.15. The stock’s 50-day simple moving average is $259.94 and its 200 day simple moving average is $262.28. The stock has a market capitalization of $71.09 billion, a P/E ratio of 22.94, a P/E/G ratio of 4.29 and a beta of 1.04. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the business posted $2.38 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, research analysts anticipate that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Announces Dividend

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

Wall Street Analyst Weigh In

ITW has been the topic of several recent analyst reports. Barclays dropped their price objective on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. JPMorgan Chase & Co. lowered their target price on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Robert W. Baird set a $278.00 target price on Illinois Tool Works in a research note on Wednesday, February 4th. Wolfe Research lifted their target price on Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a research note on Friday, February 27th. Finally, Citigroup lifted their target price on Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One equities 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’s stock. According to data from MarketBeat, Illinois Tool Works presently has an average rating of “Reduce” and an average target price 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.