150,711 Shares in Illinois Tool Works Inc. $ITW Bought by J. Goldman & Co LP

Key Points

• J. Goldman & Co. LP acquired 150,711 shares of Illinois Tool Works valued at approximately $40.8 million, making ITW its 14th-largest holding. Institutional investors collectively own about 79.8% of the company.
• Illinois Tool Works reported quarterly EPS of $2.84, exceeding estimates, while revenue rose 6.1% year over year to $4.30 billion. The company also raised its quarterly dividend to $1.72 per share, producing a 2.4% annualized yield.
• ITW shares recently traded around $281.78, near the analyst consensus price target of $281.25. Despite some upgrades, analyst sentiment remains cautious, with a consensus “Reduce” rating; insiders also sold shares recently.

J. Goldman & Co LP acquired a new stake in Illinois Tool Works Inc. (NYSE:ITW - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 150,711 shares of the industrial products company's stock, valued at approximately $40,763,000. Illinois Tool Works accounts for approximately 1.1% of J. Goldman & Co LP's investment portfolio, making the stock its 14th biggest holding. J. Goldman & Co LP owned about 0.05% of Illinois Tool Works at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new stake in shares of Illinois Tool Works in the second quarter valued at about $209,959,000. EFG International AG acquired a new stake in Illinois Tool Works in the second quarter valued at approximately $1,984,000. Ancora Advisors LLC purchased a new stake in shares of Illinois Tool Works during the second quarter valued at approximately $516,000. PDT Partners LLC acquired a new position in shares of Illinois Tool Works during the second quarter worth $7,879,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Illinois Tool Works in the second quarter valued at $23,991,000. Hedge funds and other institutional investors own 79.77% of the company's stock.

Illinois Tool Works Trading Down 0.8%

Illinois Tool Works stock opened at $281.78 on Wednesday. The firm's 50-day moving average is $278.75 and its 200-day moving average is $271.54. 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 1 year low of $238.82 and a 1 year high of $303.15. The company has a market cap of $80.25 billion, a P/E ratio of 25.55, a PEG ratio of 4.80 and a beta of 0.99.

Illinois Tool Works (NYSE:ITW - Get Free Report) last announced its quarterly earnings data 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 business 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 firm earned $2.58 EPS. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, equities analysts expect that Illinois Tool Works Inc. will post 11.45 earnings per share for the current year.

Illinois Tool Works Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Evercore dropped their price target on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Robert W. Baird increased their price target on Illinois Tool Works from $278.00 to $297.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Citigroup restated a "neutral" rating on shares of Illinois Tool Works in a report on Monday, July 13th. Weiss Ratings raised shares of Illinois Tool Works from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Finally, UBS Group reissued a "neutral" rating and set a $300.00 price objective on shares of Illinois Tool Works in a report on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $281.25.

Insider Buying and Selling

In other Illinois Tool Works news, CAO Matteo C. Pigozzo sold 277 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total value of $80,113.94. Following the sale, the chief accounting officer directly owned 3,394 shares of the company's stock, valued at $981,612.68. This trade represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ernest Scott Santi sold 41,431 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $287.09, for a total value of $11,894,425.79. Following the completion of the sale, the director owned 266,288 shares in the company, valued at $76,448,621.92. The trade was a 13.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.83% of the company's stock.

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.

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