Clearstead Trust LLC Makes New $1.36 Million Investment in Illinois Tool Works Inc. $ITW

Key Points

• Clearstead Trust LLC initiated a $1.36 million position in Illinois Tool Works during the second quarter, purchasing 5,040 shares. Institutional investors collectively own approximately 79.77% of ITW.
• Illinois Tool Works exceeded quarterly expectations, reporting $2.84 in adjusted earnings per share and $4.30 billion in revenue, up 6.1% year over year. The company maintained fiscal 2026 EPS guidance of $11.35–$11.55.
• The company raised its quarterly dividend from $1.61 to $1.72 per share, equivalent to an annualized dividend of $6.88 and a 2.4% yield. Analysts remain cautious, with a consensus “Reduce” rating and a $281.25 price target.

Clearstead Trust LLC purchased a new stake in Illinois Tool Works Inc. (NYSE:ITW - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,040 shares of the industrial products company's stock, valued at approximately $1,363,000.

Other hedge funds also recently added to or reduced their stakes in the company. Strs Ohio grew its holdings in Illinois Tool Works by 20.5% during the 4th quarter. Strs Ohio now owns 83,263 shares of the industrial products company's stock valued at $20,508,000 after purchasing an additional 14,186 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Illinois Tool Works by 3.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 586,906 shares of the industrial products company's stock valued at $146,433,000 after buying an additional 21,481 shares during the last quarter. Pacific Heights Asset Management LLC grew its stake in shares of Illinois Tool Works by 15.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 115,000 shares of the industrial products company's stock valued at $28,324,000 after acquiring an additional 15,000 shares in the last quarter. MUFG Securities EMEA plc increased its position in shares of Illinois Tool Works by 113.2% during the fourth quarter. MUFG Securities EMEA plc now owns 10,822 shares of the industrial products company's stock worth $2,665,000 after acquiring an additional 5,745 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Illinois Tool Works by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 327,574 shares of the industrial products company's stock worth $80,681,000 after acquiring an additional 9,593 shares in the last quarter. 79.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Illinois Tool Works

In other news, Director Jennifer F. Scanlon acquired 806 shares of the company's stock in a transaction that occurred on 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 acquisition, the director directly owned 1,652 shares in the company, valued at approximately $409,679.48. The trade was a 95.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ITW. Truist Financial upped their target price on Illinois Tool Works from $280.00 to $301.00 and gave the company a "hold" rating in a research report on Thursday, July 2nd. Weiss Ratings upgraded shares of Illinois Tool Works from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday. UBS Group reaffirmed a "neutral" rating and issued a $300.00 price target on shares of Illinois Tool Works in a report on Wednesday, July 29th. The Goldman Sachs Group reissued a "sell" rating and set a $254.00 price objective on shares of Illinois Tool Works in a report on Thursday, April 30th. Finally, Wells Fargo & Company boosted their target price on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an "underweight" rating in a research report on Monday, May 4th. 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's stock. Based on data from MarketBeat.com, Illinois Tool Works presently has a consensus rating of "Reduce" and a consensus target price of $281.25.

Illinois Tool Works Trading Down 0.1%

NYSE ITW opened at $290.74 on Friday. 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 one year low of $238.82 and a one year high of $303.15. The company has a 50-day simple moving average of $275.01 and a 200-day simple moving average of $270.65. The firm has a market capitalization of $82.80 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 4.91 and a beta of 0.99.

Illinois Tool Works (NYSE:ITW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates 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 prior year, the firm earned $2.58 EPS. The business's quarterly revenue was up 6.1% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, equities analysts forecast that Illinois Tool Works Inc. will post 11.45 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The company 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 is an increase 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%. The ex-dividend date is Wednesday, September 30th. Illinois Tool Works's payout ratio is currently 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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