Deutsche Bank AG Purchases Shares of 819,855 Illinois Tool Works Inc. $ITW

Deutsche Bank AG acquired a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW) during the second quarter, HoldingsChannel reports. The institutional investor acquired 819,855 shares of the industrial products company’s stock, valued at approximately $221,746,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC acquired a new position in Illinois Tool Works in the 2nd quarter valued at about $688,000. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Illinois Tool Works during the 2nd quarter worth about $1,701,000. Trust Co. of Vermont purchased a new stake in shares of Illinois Tool Works during the second quarter worth about $10,640,000. Principle Wealth Partners LLC purchased a new position in shares of Illinois Tool Works during the second quarter valued at approximately $1,673,000. Finally, Focused Wealth Management Inc acquired a new stake in Illinois Tool Works during the second quarter worth approximately $283,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Matteo C. Pigozzo sold 277 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $289.22, for a total value of $80,113.94. Following the transaction, the chief accounting officer directly owned 3,394 shares in the company, valued at $981,612.68. This trade represents a 7.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jennifer F. Scanlon acquired 806 shares of Illinois Tool Works stock in a transaction dated Tuesday, June 2nd. The stock was purchased at an average cost of $247.99 per share, for a total transaction 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 represents a 95.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.83% of the stock is currently owned by company insiders.

Illinois Tool Works Stock Performance

Shares of ITW stock opened at $284.66 on Wednesday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.81 and a current ratio of 1.11. The firm has a market capitalization of $81.07 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 4.91 and a beta of 0.99. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. The company has a 50 day moving average price of $276.27 and a 200 day moving average price of $271.12.

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

Illinois Tool Works Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be issued a $1.72 dividend. The ex-dividend date is Wednesday, September 30th. This is an increase 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%. Illinois Tool Works’s payout ratio is 58.39%.

Wall Street Analysts Forecast Growth

ITW has been the subject of several analyst reports. Evercore cut their price target on Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Wells Fargo & Company raised their price objective on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a report on Monday, May 4th. JPMorgan Chase & Co. lifted their price objective on Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. UBS Group reiterated a “neutral” rating and set a $300.00 target price on shares of Illinois Tool Works in a research report on Wednesday, July 29th. Finally, Weiss Ratings raised Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $281.25.

About Illinois Tool Works

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.