Deutsche Bank AG Makes New Investment in Illinois Tool Works Inc. $ITW

Deutsche Bank AG acquired a new stake in Illinois Tool Works Inc. (NYSE:ITW - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 819,855 shares of the industrial products company's stock, valued at approximately $221,746,000. Deutsche Bank AG owned about 0.28% of Illinois Tool Works as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Perigon Wealth Management LLC acquired a new position in Illinois Tool Works in the second quarter valued at approximately $688,000. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Illinois Tool Works during the 2nd quarter worth approximately $1,701,000. Trust Co. of Vermont purchased a new stake in shares of Illinois Tool Works during the 2nd quarter worth approximately $10,640,000. Principle Wealth Partners LLC acquired a new position in shares of Illinois Tool Works in the 2nd quarter valued at $1,673,000. Finally, Focused Wealth Management Inc purchased a new position in shares of Illinois Tool Works in the 2nd quarter valued at $283,000. Institutional investors and hedge funds own 79.77% of the company's stock.

Insider Activity at Illinois Tool Works

In other news, Director Jennifer F. Scanlon acquired 806 shares of the company's stock in a transaction on Tuesday, June 2nd. The shares were bought at an average cost of $247.99 per share, with a total value of $199,879.94. Following the purchase, the director owned 1,652 shares of the company's stock, valued at $409,679.48. This represents a 95.27% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matteo C. Pigozzo sold 277 shares of the company's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total transaction of $80,113.94. Following the transaction, the chief accounting officer owned 3,394 shares of the company's stock, valued at approximately $981,612.68. The trade was a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.83% of the stock is owned by corporate insiders.

Illinois Tool Works Price Performance

Shares of ITW opened at $284.66 on Wednesday. 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 fifty-two week low of $238.82 and a fifty-two week high of $303.15. The firm has a 50-day simple moving average of $276.27 and a 200-day simple moving average of $271.12. The company has a market capitalization of $81.07 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 4.91 and a beta of 0.99.

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 (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.04. The firm had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.19 billion. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.The firm's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $1.72 per share. This represents a $6.88 annualized dividend 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 is Wednesday, September 30th. Illinois Tool Works's dividend payout ratio (DPR) is currently 58.39%.

Analyst Ratings Changes

ITW has been the subject of a number of research reports. The Goldman Sachs Group reissued a "sell" rating and issued a $254.00 price target on shares of Illinois Tool Works in a research report on Thursday, April 30th. 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 report 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. JPMorgan Chase & Co. boosted their target price on Illinois Tool Works from $310.00 to $350.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Finally, Wolfe Research reissued an "underperform" rating and issued a $286.00 target price on shares of Illinois Tool Works in a research report on Thursday, July 9th. 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. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $281.25.

About Illinois Tool Works

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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