Fulcrum Asset Management LLP Purchases New Holdings in Illinois Tool Works Inc. $ITW

Fulcrum Asset Management LLP acquired a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,734 shares of the industrial products company’s stock, valued at approximately $1,531,000.

Several other hedge funds also recently bought and sold shares of ITW. BlackRock Inc. purchased a new stake in Illinois Tool Works in the second quarter worth $6,296,349,000. State Street Corp boosted its stake in shares of Illinois Tool Works by 1.0% during the second quarter. State Street Corp now owns 12,788,570 shares of the industrial products company’s stock valued at $3,479,219,000 after purchasing an additional 128,089 shares during the period. Bank of America Corp DE boosted its stake in shares of Illinois Tool Works by 2.5% during the first quarter. Bank of America Corp DE now owns 3,005,659 shares of the industrial products company’s stock valued at $782,343,000 after purchasing an additional 72,951 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Illinois Tool Works during the second quarter valued at $603,166,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Illinois Tool Works by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,045,009 shares of the industrial products company’s stock worth $532,261,000 after purchasing an additional 60,009 shares during the last quarter. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Price Performance

Shares of ITW stock opened at $288.44 on Thursday. Illinois Tool Works Inc. has a twelve month low of $238.82 and a twelve month high of $303.15. The stock has a market capitalization of $81.97 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 3.16 and a beta of 0.92. The stock has a fifty day simple moving average of $272.60 and a two-hundred day simple moving average of $271.83. The company has a current ratio of 1.29, a quick ratio of 0.94 and a debt-to-equity ratio of 2.28.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.97 by $0.03. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.26 billion. Illinois Tool Works had a return on equity of 103.35% and a net margin of 19.39%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.81 earnings per share. On average, analysts predict that Illinois Tool Works Inc. will post 11.49 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be given a dividend of $1.72 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $6.88 dividend on an annualized basis and a yield of 2.4%. Illinois Tool Works’s dividend payout ratio (DPR) is 61.32%.

Top Illinois Tool Works Stories

Here are a few of the latest stories about ITW:

• Negative Sentiment: Zacks cut its FY2027 EPS estimate to $12.21 from $12.33 and its FY2028 estimate to $13.08 from $13.20. It also reduced forecasts for several quarters, including Q3 2027 ($3.17 from $3.27) and Q3 2028 ($3.39 from $3.48). The revisions could pressure sentiment, although the new annual estimates still imply higher earnings in 2027 and 2028 than the cited current-year consensus of $11.49. Illinois Tool Works analyst estimates

Insider Buying and Selling

In other news, Director Ernest Santi sold 60,000 shares of the business’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $292.87, for a total value of $17,572,200.00. Following the completion of the sale, the director owned 266,333 shares in the company, valued at approximately $78,000,945.71. The trade was a 18.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on ITW shares. Robert W. Baird raised their price target on shares of Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. cut shares of Illinois Tool Works from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $350.00 to $270.00 in a research report on Friday, October 9th. Truist Financial restated a “hold” rating and issued a $293.00 target price (down from $297.00) on shares of Illinois Tool Works in a research note on Wednesday, October 28th. Weiss Ratings raised shares of Illinois Tool Works from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 28th. Finally, Deutsche Bank decreased their price target on shares of Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating for the company in a research note on Wednesday, September 30th. 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. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $276.33.

Illinois Tool Works Profile

Illinois Tool Works Inc. (NYSE: ITW) is a diversified manufacturer serving industrial and commercial customers around the world. Founded in 1912, the company is known for its decentralized operating model and focus on specialized products and solutions. ITW’s businesses make products and equipment for a range of markets, including automotive, food service, construction, welding, and testing and measurement. Its offerings include food-service equipment, welding systems and consumables, automotive components, construction products, polymers and fluids, and laboratory and electronics testing equipment.