14,165 Shares in Illinois Tool Works Inc. $ITW Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in Illinois Tool Works Inc. (NYSE:ITW) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,165 shares of the industrial products company’s stock, valued at approximately $3,831,000.

Several other institutional investors also recently bought and sold shares of the business. Cresta Advisors Ltd. acquired a new stake in shares of Illinois Tool Works during the fourth quarter worth $25,000. Motiv8 Investments LLC purchased a new stake in shares of Illinois Tool Works in the fourth quarter valued at $27,000. Kemnay Advisory Services Inc. acquired a new position in Illinois Tool Works in the fourth quarter valued at $27,000. Abound Wealth Management increased its stake in Illinois Tool Works by 178.6% in the second quarter. Abound Wealth Management now owns 117 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. Finally, Wilkerson Advisory Group LLC lifted its position in Illinois Tool Works by 77.6% during the first quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock worth $31,000 after buying an additional 52 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on ITW. Truist Financial lifted their price target on Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. Weiss Ratings upgraded shares of Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. raised their target price on shares of Illinois Tool Works from $310.00 to $350.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. UBS Group restated a “neutral” rating and issued a $300.00 target price on shares of Illinois Tool Works in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $254.00 price target on shares of Illinois Tool Works in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Illinois Tool Works has a consensus rating of “Reduce” and a consensus target price of $281.25.

Illinois Tool Works Stock Performance

NYSE ITW opened at $282.49 on Friday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.11 and a quick ratio of 0.81. Illinois Tool Works Inc. has a 1-year low of $238.82 and a 1-year high of $303.15. The firm has a market capitalization of $80.45 billion, a P/E ratio of 25.61, a P/E/G ratio of 4.80 and a beta of 0.99. The business’s 50-day simple moving average is $277.50 and its 200-day simple moving average is $271.42.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the prior year, the company earned $2.58 EPS. The company’s revenue 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. Equities analysts predict that Illinois Tool Works Inc. will post 11.45 EPS 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. Stockholders of record on Wednesday, September 30th will be given a $1.72 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 annualized dividend and a dividend yield of 2.4%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 58.39%.

Insiders Place Their Bets

In other Illinois Tool Works news, Director Jennifer F. Scanlon bought 806 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average price of $247.99 per share, with a total value of $199,879.94. Following the purchase, the director owned 1,652 shares in the company, valued at approximately $409,679.48. The trade was a 95.27% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Matteo C. Pigozzo sold 277 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total transaction of $80,113.94. Following the sale, the chief accounting officer directly owned 3,394 shares of the company’s stock, valued at approximately $981,612.68. This trade represents a 7.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.83% of the company’s stock.

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.