Alecta Tjanstepension Omsesidigt Lowers Holdings in Illinois Tool Works Inc. $ITW

Key Points

• Alecta Tjanstepension Omsesidigt cut its stake in Illinois Tool Works by 29.6%, selling 342,200 shares and now holds 813,700 shares (0.28% of the company) valued at about $200.44 million.
• Illinois Tool Works reported a quarterly beat with $2.66 EPS on $4.02B revenue and set FY2026 guidance of 11.10–11.50 EPS, while analysts average 11.36 EPS but the consensus rating is "Reduce" with a $270.46 price target.
• The company pays a quarterly dividend of $1.61 ($6.44 annualized, ~2.5% yield), has ~79.8% institutional ownership, a market cap near $75.1B, and a P/E of about 24.2.

Alecta Tjanstepension Omsesidigt decreased its holdings in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 29.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 813,700 shares of the industrial products company's stock after selling 342,200 shares during the quarter. Alecta Tjanstepension Omsesidigt owned 0.28% of Illinois Tool Works worth $200,439,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Illinois Tool Works by 5.3% in the fourth quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company's stock worth $1,399,000 after acquiring an additional 277 shares during the last quarter. Bison Wealth LLC lifted its stake in Illinois Tool Works by 2.3% in the fourth quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company's stock worth $901,000 after acquiring an additional 81 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Illinois Tool Works by 20.6% in the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company's stock worth $257,000 after acquiring an additional 177 shares during the last quarter. Sei Investments Co. lifted its stake in Illinois Tool Works by 22.0% in the second quarter. Sei Investments Co. now owns 106,784 shares of the industrial products company's stock worth $26,401,000 after acquiring an additional 19,248 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in Illinois Tool Works by 2.2% in the second quarter. Treasurer of the State of North Carolina now owns 136,884 shares of the industrial products company's stock worth $33,845,000 after acquiring an additional 2,890 shares during the last quarter. Hedge funds and other institutional investors own 79.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a "buy (b-)" rating on shares of Illinois Tool Works in a research note on Monday, April 27th. Barclays reduced their price objective on shares of Illinois Tool Works from $275.00 to $250.00 and set an "underweight" rating for the company in a research report on Wednesday, April 1st. JPMorgan Chase & Co. reduced their price objective on shares of Illinois Tool Works from $303.00 to $295.00 and set an "overweight" rating for the company in a research report on Friday, May 1st. UBS Group restated a "neutral" rating and set a $285.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Finally, The Goldman Sachs Group restated a "sell" rating and set a $254.00 price objective on shares of Illinois Tool Works in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Illinois Tool Works currently has an average rating of "Reduce" and an average price target of $270.46.

Illinois Tool Works Stock Up 2.4%

Shares of NYSE:ITW opened at $260.73 on Thursday. The company has a market capitalization of $75.11 billion, a PE ratio of 24.21, a P/E/G ratio of 4.38 and a beta of 1.04. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04. Illinois Tool Works Inc. has a twelve month low of $236.68 and a twelve month high of $303.15. The firm has a 50 day simple moving average of $269.51 and a 200-day simple moving average of $262.02.

Illinois Tool Works (NYSE:ITW - Get Free Report) last announced its earnings results on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, beating analysts' consensus estimates of $2.57 by $0.09. The business had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $4.01 billion. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The company's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, equities analysts predict that Illinois Tool Works Inc. will post 11.36 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st were issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, March 31st. Illinois Tool Works's payout ratio is presently 59.80%.

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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