311,667 Shares in Illinois Tool Works Inc. $ITW Bought by Pinebridge Investments LLC

Pinebridge Investments LLC bought a new position in Illinois Tool Works Inc. (NYSE:ITW) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 311,667 shares of the industrial products company’s stock, valued at approximately $76,764,000.

A number of other institutional investors also recently bought and sold shares of the stock. PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in Illinois Tool Works in the 4th quarter worth $3,812,000. SlateStone Wealth LLC raised its holdings in Illinois Tool Works by 4.5% in the 4th quarter. SlateStone Wealth LLC now owns 8,305 shares of the industrial products company’s stock worth $2,045,000 after purchasing an additional 357 shares during the period. Prudential PLC raised its holdings in Illinois Tool Works by 71.0% in the 4th quarter. Prudential PLC now owns 33,038 shares of the industrial products company’s stock worth $8,137,000 after purchasing an additional 13,716 shares during the period. Deseret Mutual Benefit Administrators raised its holdings in Illinois Tool Works by 6.1% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,518 shares of the industrial products company’s stock worth $374,000 after purchasing an additional 87 shares during the period. Finally, Vise Technologies Inc. raised its holdings in Illinois Tool Works by 91.7% in the 4th quarter. Vise Technologies Inc. now owns 8,707 shares of the industrial products company’s stock worth $2,144,000 after purchasing an additional 4,165 shares during the period. 79.77% of the stock is owned by institutional investors.

Illinois Tool Works Trading Up 0.5%

ITW opened at $252.48 on Friday. The firm has a market cap of $72.64 billion, a P/E ratio of 23.44, a P/E/G ratio of 4.31 and a beta of 1.01. Illinois Tool Works Inc. has a 12 month low of $238.82 and a 12 month high of $303.15. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04. The stock has a 50-day moving average of $258.67 and a 200 day moving average of $262.46.

Illinois Tool Works (NYSE:ITW) last released 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 quarter last year, the business 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 EPS for the current year.

Illinois Tool Works Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have commented on ITW shares. Evercore decreased their price target on Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. The Goldman Sachs Group reissued a “sell” rating and set a $254.00 price target on shares of Illinois Tool Works in a report on Thursday, April 30th. Citigroup raised their price target on Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Wolfe Research raised their price target on Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a report on Friday, February 27th. Finally, Barclays decreased their price target on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a report on Wednesday, April 1st. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $271.92.

Insider Transactions at Illinois Tool Works

In other news, Director Jennifer F. Scanlon acquired 806 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average price of $247.99 per share, with a total value of $199,879.94. Following the completion of the purchase, the director directly owned 1,652 shares in the company, valued at approximately $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is currently owned by 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.