Daiichi Life Insurance Co. Ltd. Buys New Stake in Illinois Tool Works Inc. $ITW

Key Points

• Daiichi Life Insurance acquired 15,270 shares of Illinois Tool Works worth approximately $4.13 million in the second quarter. Institutional investors collectively own 79.77% of ITW’s outstanding stock.
• Illinois Tool Works exceeded quarterly expectations, reporting $2.84 in EPS versus the $2.80 consensus and $4.30 billion in revenue, up 6.1% year over year. The company issued fiscal 2026 EPS guidance of $11.35–$11.55.
• The company raised its quarterly dividend from $1.61 to $1.72 per share, equal to $6.88 annually and a 2.4% yield. Despite some bullish analyst revisions, the consensus rating remains “Reduce,” with an average price target of $281.25.

Daiichi Life Insurance Co. Ltd. acquired a new stake in Illinois Tool Works Inc. (NYSE:ITW - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 15,270 shares of the industrial products company's stock, valued at approximately $4,130,000.

Several other hedge funds and other institutional investors have also modified their holdings of ITW. Vanguard Group Inc. grew its position in Illinois Tool Works by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 26,887,218 shares of the industrial products company's stock valued at $6,622,322,000 after acquiring an additional 189,229 shares during the period. BlackRock Inc. acquired a new stake in shares of Illinois Tool Works in the 2nd quarter valued at $6,296,349,000. State Street Corp boosted its stake in shares of Illinois Tool Works by 1.2% in the 4th quarter. State Street Corp now owns 12,596,511 shares of the industrial products company's stock valued at $3,122,535,000 after purchasing an additional 151,864 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Illinois Tool Works by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 6,944,651 shares of the industrial products company's stock worth $1,709,734,000 after purchasing an additional 184,301 shares during the last quarter. Finally, Capital Research Global Investors increased its position in shares of Illinois Tool Works by 3.2% during the 4th quarter. Capital Research Global Investors now owns 4,636,392 shares of the industrial products company's stock worth $1,141,948,000 after purchasing an additional 142,837 shares in the last quarter. Institutional investors own 79.77% of the company's stock.

Illinois Tool Works Trading Down 0.0%

Shares of ITW opened at $282.23 on Monday. The stock's fifty day simple moving average is $278.00 and its 200-day simple moving average is $271.55. The firm has a market capitalization of $80.38 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 4.77 and a beta of 0.99. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26.

Illinois Tool Works (NYSE:ITW - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $2.80 by $0.04. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.19 billion. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.The company's revenue was up 6.1% on a year-over-year basis. During the same period last year, the company earned $2.58 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, research analysts predict that Illinois Tool Works Inc. will post 11.45 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The firm 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. The ex-dividend date is Wednesday, September 30th. This represents a $6.88 annualized dividend and a dividend yield of 2.4%. This is a positive change from Illinois Tool Works's previous quarterly dividend of $1.61. Illinois Tool Works's dividend payout ratio is presently 58.39%.

Wall Street Analysts Forecast Growth

ITW has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Illinois Tool Works from $310.00 to $350.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Citigroup restated a "neutral" rating on shares of Illinois Tool Works in a research report on Monday, July 13th. Robert W. Baird raised their price target on Illinois Tool Works from $278.00 to $297.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Wells Fargo & Company lifted their price objective on Illinois Tool Works from $245.00 to $255.00 and gave the company an "underweight" rating in a research report on Monday, May 4th. Finally, Wolfe Research restated an "underperform" rating and set a $286.00 target price on shares of Illinois Tool Works in a report on Thursday, July 9th. Two 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $281.25.

Insider Buying and Selling

In related news, CAO Matteo C. Pigozzo sold 277 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $289.22, for a total value of $80,113.94. Following the transaction, the chief accounting officer directly owned 3,394 shares in the company, valued at $981,612.68. This represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jennifer F. Scanlon bought 806 shares of Illinois Tool Works stock in a transaction on Tuesday, June 2nd. The shares were bought at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the acquisition, the director 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. Additional details regarding this purchase are available in the official SEC disclosure. 0.83% of the stock is currently owned by insiders.

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.

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