Aljian Capital Management LLC Invests $1.98 Million in Illinois Tool Works Inc. $ITW

Key Points

• Aljian Capital Management bought 7,317 Illinois Tool Works shares in the second quarter, valued at approximately $1.98 million. Institutional investors and hedge funds collectively own 79.77% of ITW.
• ITW reported quarterly earnings of $2.84 per share, beating estimates of $2.80, while revenue rose 6.1% year over year to $4.30 billion. The company’s FY 2026 EPS guidance is $11.35–$11.55.
• Analysts maintain a consensus “Reduce” rating with an average price target of $281.25, below the reported share price of $284.66. ITW also raised its quarterly dividend to $1.72, equivalent to a 2.4% annualized yield.

Aljian Capital Management LLC bought a new stake in Illinois Tool Works Inc. (NYSE:ITW - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,317 shares of the industrial products company's stock, valued at approximately $1,979,000.

A number of other large investors have also made changes to their positions in ITW. Cresta Advisors Ltd. purchased a new stake in Illinois Tool Works in the fourth quarter valued at about $25,000. Motiv8 Investments LLC purchased a new position in shares of Illinois Tool Works in the 4th quarter valued at approximately $27,000. Kemnay Advisory Services Inc. acquired a new stake in Illinois Tool Works in the 4th quarter worth approximately $27,000. Ares Financial Consulting LLC purchased a new stake in Illinois Tool Works during the 4th quarter worth approximately $31,000. Finally, Wilkerson Advisory Group LLC increased its stake in Illinois Tool Works by 77.6% during the 1st 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. 79.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Illinois Tool Works

In other Illinois Tool Works news, Director Jennifer F. Scanlon purchased 806 shares of the firm'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 directly owned 1,652 shares in the company, valued at approximately $409,679.48. This trade represents a 95.27% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Matteo C. Pigozzo sold 277 shares of the firm's stock in a transaction dated 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. The trade was a 7.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

ITW has been the subject of a number of research reports. Robert W. Baird lifted their price target on Illinois Tool Works from $278.00 to $297.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Truist Financial raised their price objective on Illinois Tool Works from $280.00 to $301.00 and gave the stock a "hold" rating in a research note on Thursday, July 2nd. Weiss Ratings upgraded Illinois Tool Works from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Citigroup reiterated a "neutral" rating on shares of Illinois Tool Works in a report on Monday, July 13th. Finally, UBS Group restated a "neutral" rating and set a $300.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $281.25.

Illinois Tool Works Stock Down 0.9%

Shares of NYSE ITW opened at $284.66 on Wednesday. The stock has a market cap of $81.07 billion, a PE ratio of 25.81, a P/E/G ratio of 4.91 and a beta of 0.99. The company has a current ratio of 1.11, a quick ratio of 0.81 and a debt-to-equity ratio of 2.26. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15. The company has a 50-day moving average of $276.27 and a 200 day moving average of $271.12.

Illinois Tool Works (NYSE:ITW - Get Free Report) last issued 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 business had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.19 billion. During the same period in the previous year, the firm posted $2.58 EPS. The business'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. As a group, sell-side analysts predict that Illinois Tool Works Inc. will post 11.45 EPS for the current fiscal year.

Illinois Tool Works Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be issued a $1.72 dividend. This represents a $6.88 annualized dividend and a 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 dividend payout ratio (DPR) is presently 58.39%.

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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