B. Metzler seel. Sohn & Co. AG Takes Position in Illinois Tool Works Inc. $ITW

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 18,548 Illinois Tool Works shares in the second quarter, valued at approximately $5.0 million. Institutional investors and hedge funds collectively own 79.77% of ITW’s stock.
• Illinois Tool Works reported quarterly EPS of $2.84, exceeding estimates of $2.80, while revenue rose 6.1% year over year to $4.30 billion. The company reaffirmed 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 a JPMorgan upgrade, analysts maintain a consensus “Reduce” rating with a $281.25 target price.

B. Metzler seel. Sohn & Co. AG purchased a new position in shares of 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. The fund purchased 18,548 shares of the industrial products company's stock, valued at approximately $5,017,000.

Several other large investors also recently bought and sold shares of the company. Cresta Advisors Ltd. acquired a new position in shares of Illinois Tool Works in the 4th quarter valued at approximately $25,000. Motiv8 Investments LLC acquired a new stake in shares of Illinois Tool Works during the fourth quarter worth approximately $27,000. Kemnay Advisory Services Inc. bought a new stake in shares of Illinois Tool Works in the fourth quarter worth $27,000. Abound Wealth Management raised its holdings in Illinois Tool Works by 178.6% in the second quarter. Abound Wealth Management now owns 117 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 75 shares in the last quarter. Finally, Wilkerson Advisory Group LLC boosted 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 acquiring an additional 52 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company's stock.

Illinois Tool Works Stock Performance

ITW opened at $282.23 on Friday. Illinois Tool Works Inc. has a twelve month low of $238.82 and a twelve month high of $303.15. The stock has a market cap of $80.38 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 4.78 and a beta of 0.99. The business's 50 day moving average is $278.00 and its 200-day moving average is $271.50. 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 posted its quarterly earnings data 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. The business 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 company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.58 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, analysts predict 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 announced 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%. This is a boost from Illinois Tool Works's previous quarterly dividend of $1.61. The ex-dividend date of this dividend is Wednesday, September 30th. Illinois Tool Works's payout ratio is presently 58.39%.

Insider Activity

In other Illinois Tool Works news, Director Ernest Scott Santi sold 41,431 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 266,288 shares in the company, valued at $76,448,621.92. This trade represents a 13.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Matteo C. Pigozzo sold 277 shares of the company's stock in a transaction that occurred 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 sale, the chief accounting officer owned 3,394 shares of the company's stock, valued at approximately $981,612.68. This trade represents a 7.55% decrease in their position. The SEC filing for this sale provides additional information. 0.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ITW has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Illinois Tool Works from $310.00 to $350.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Wolfe Research reissued an "underperform" rating and issued a $286.00 price objective on shares of Illinois Tool Works in a report on Thursday, July 9th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $254.00 target price on shares of Illinois Tool Works in a report on Thursday, April 30th. Robert W. Baird lifted their target price 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. Finally, Wells Fargo & Company boosted their price target on Illinois Tool Works from $245.00 to $255.00 and gave the company an "underweight" rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $281.25.

Illinois Tool Works Company 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.

Want to see what other hedge funds are holding ITW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Illinois Tool Works Inc. (NYSE:ITW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source