AMG National Trust Bank Makes New Investment in Illinois Tool Works Inc. $ITW

Key Points

• AMG National Trust Bank acquired 8,184 shares of Illinois Tool Works in the second quarter, valued at approximately $2.21 million. Institutional investors and hedge funds own 79.77% of the company.
• Illinois Tool Works exceeded quarterly expectations, reporting $2.84 EPS and $4.30 billion in revenue, with revenue up 6.1% year over year. The company reaffirmed fiscal 2026 EPS guidance of $11.35–$11.55.
• The company raised its quarterly dividend to $1.72 per share, representing a 2.4% yield. Analysts maintain a consensus “Reduce” rating with an average price target of $281.25, below the reported share price of $290.74.

AMG National Trust Bank bought a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,184 shares of the industrial products company's stock, valued at approximately $2,214,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Compass Capital Management Inc. bought a new position in Illinois Tool Works during the second quarter valued at approximately $54,237,000. Roman Butler Fullerton & Co. acquired a new position in shares of Illinois Tool Works during the 2nd quarter worth $413,000. Simplicity Wealth LLC bought a new position in shares of Illinois Tool Works during the 2nd quarter valued at $1,130,000. Trivium Point Advisory LLC bought a new position in shares of Illinois Tool Works during the 2nd quarter valued at $245,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Illinois Tool Works in the 2nd quarter valued at $225,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Illinois Tool Works Trading Down 0.0%

Shares of Illinois Tool Works stock opened at $290.74 on Monday. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15. The company's fifty day simple moving average is $275.01 and its 200-day simple moving average is $270.73. The company has a market cap of $82.80 billion, a price-to-earnings ratio of 26.36, a PEG 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 (NYSE:ITW - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The business's revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, sell-side analysts expect that Illinois Tool Works Inc. will post 11.45 EPS for the current year.

Illinois Tool Works Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be paid a $1.72 dividend. The ex-dividend date is Wednesday, September 30th. This is a boost from Illinois Tool Works's previous quarterly dividend of $1.61. This represents a $6.88 annualized dividend and a dividend yield of 2.4%. Illinois Tool Works's dividend payout ratio is 58.39%.

Insider Buying and Selling at Illinois Tool Works

In other news, Director Jennifer F. Scanlon purchased 806 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the purchase, the director directly owned 1,652 shares of the company's stock, valued at approximately $409,679.48. The trade was a 95.27% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

ITW has been the topic of several analyst reports. Weiss Ratings raised shares of Illinois Tool Works from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Wolfe Research reaffirmed an "underperform" rating and issued a $286.00 price target on shares of Illinois Tool Works in a research report on Thursday, July 9th. Truist Financial upped their price target 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. Robert W. Baird increased their price objective on Illinois Tool Works from $278.00 to $297.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Finally, Wells Fargo & Company raised their price objective on Illinois Tool Works from $245.00 to $255.00 and gave the company an "underweight" rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently 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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