14,499 Shares in Illinois Tool Works Inc. $ITW Acquired by Occidental Asset Management LLC

Key Points

• Occidental Asset Management acquired 14,499 shares of Illinois Tool Works worth approximately $3.92 million during the second quarter. Institutional investors collectively own 79.77% of ITW’s outstanding stock.
• Illinois Tool Works exceeded quarterly expectations, reporting $2.84 in earnings per share and $4.30 billion in revenue, with revenue up 6.1% year over year. The company maintained fiscal 2026 EPS guidance of $11.35–$11.55.
• ITW increased its quarterly dividend to $1.72 per share, or $6.88 annually, representing a 2.4% yield. Despite some analyst upgrades, the stock has a consensus “Reduce” rating and an average price target of $281.25.

Occidental Asset Management LLC acquired a new stake in Illinois Tool Works Inc. (NYSE:ITW - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 14,499 shares of the industrial products company's stock, valued at approximately $3,922,000.

Other institutional investors also recently modified their holdings of the company. Cresta Advisors Ltd. purchased a new position in shares of Illinois Tool Works during the 4th quarter valued at $25,000. Motiv8 Investments LLC purchased a new stake in shares of Illinois Tool Works during the fourth quarter worth $27,000. Kemnay Advisory Services Inc. acquired a new stake in Illinois Tool Works during the fourth quarter valued at $27,000. Ares Financial Consulting LLC purchased a new position in Illinois Tool Works in the fourth quarter valued at about $31,000. Finally, Wilkerson Advisory Group LLC grew its stake in Illinois Tool Works by 77.6% in the first quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company's stock.

Insider Buying and Selling at Illinois Tool Works

In other Illinois Tool Works news, CAO Matteo C. Pigozzo sold 277 shares of the business's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $289.22, for a total transaction of $80,113.94. Following the completion of the transaction, the chief accounting officer owned 3,394 shares of the company's stock, valued at $981,612.68. The trade was a 7.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jennifer F. Scanlon purchased 806 shares of the firm's stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average price of $247.99 per share, with a total value of $199,879.94. Following the completion of the acquisition, the director directly owned 1,652 shares of the company's stock, valued at approximately $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.83% of the stock is currently owned by corporate insiders.

Illinois Tool Works Stock Performance

Shares of NYSE ITW opened at $287.63 on Tuesday. The business's 50-day simple moving average is $275.71 and its 200-day simple moving average is $270.94. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.81 and a current ratio of 1.11. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The firm has a market cap of $81.92 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 4.91 and a beta of 0.99.

Illinois Tool Works (NYSE:ITW - Get Free Report) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.04. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same period in the previous year, the company earned $2.58 EPS. The company'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. As a group, equities research analysts expect that Illinois Tool Works Inc. will post 11.45 earnings per share for the current fiscal year.

Illinois Tool Works Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be paid a $1.72 dividend. The ex-dividend date is Wednesday, September 30th. This is a positive change from Illinois Tool Works's previous quarterly dividend of $1.61. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.4%. Illinois Tool Works's dividend payout ratio is presently 58.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ITW shares. JPMorgan Chase & Co. raised their price target on Illinois Tool Works from $310.00 to $350.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded Illinois Tool Works from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Robert W. Baird raised their price objective on shares of Illinois Tool Works from $278.00 to $297.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. The Goldman Sachs Group reiterated a "sell" rating and issued a $254.00 target price on shares of Illinois Tool Works in a research note on Thursday, April 30th. Finally, Wolfe Research reissued an "underperform" rating and issued a $286.00 target price on shares of Illinois Tool Works in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $281.25.

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.

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