Edmond DE Rothschild Holding S.A. Has $6.46 Million Position in Illinois Tool Works Inc. $ITW

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Illinois Tool Works Inc. by 10.7%, owning 26,034 shares valued at approximately $6.46 million.
• Institutional investors hold 79.77% of Illinois Tool Works' stock, with various hedge funds also increasing their positions during the last quarter.
• The company's recent quarterly earnings beat expectations, reporting an EPS of $2.58 and a revenue of $4.05 billion, while also increasing its quarterly dividend to $1.61.

Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 10.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,034 shares of the industrial products company's stock after purchasing an additional 2,515 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Illinois Tool Works were worth $6,457,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. GAMMA Investing LLC boosted its position in Illinois Tool Works by 26,372.8% during the first quarter. GAMMA Investing LLC now owns 2,065,675 shares of the industrial products company's stock worth $5,123,080,000 after acquiring an additional 2,057,872 shares during the last quarter. Auto Owners Insurance Co boosted its holdings in shares of Illinois Tool Works by 55,978.4% in the 1st quarter. Auto Owners Insurance Co now owns 1,430,000 shares of the industrial products company's stock valued at $354,654,000 after purchasing an additional 1,427,450 shares during the last quarter. Nuveen LLC acquired a new position in shares of Illinois Tool Works in the 1st quarter valued at $293,928,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Illinois Tool Works by 11.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,059,119 shares of the industrial products company's stock valued at $522,110,000 after purchasing an additional 209,671 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Illinois Tool Works during the 4th quarter valued at $47,254,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ITW shares. Truist Financial lowered shares of Illinois Tool Works from a "buy" rating to a "hold" rating and set a $283.00 target price on the stock. in a report on Thursday, July 31st. Stifel Nicolaus lifted their price target on shares of Illinois Tool Works from $255.00 to $261.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. Citigroup lifted their price target on shares of Illinois Tool Works from $254.00 to $265.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Wells Fargo & Company lifted their price target on shares of Illinois Tool Works from $235.00 to $250.00 and gave the stock an "underweight" rating in a research note on Thursday, July 31st. Finally, Barclays lifted their price target on shares of Illinois Tool Works from $240.00 to $243.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Illinois Tool Works has an average rating of "Reduce" and a consensus target price of $260.67.

Illinois Tool Works Stock Performance

Illinois Tool Works stock traded up $0.38 during midday trading on Friday, reaching $266.05. 583,082 shares of the stock traded hands, compared to its average volume of 831,862. The company has a current ratio of 1.59, a quick ratio of 1.15 and a debt-to-equity ratio of 2.40. The firm has a fifty day moving average price of $259.77 and a two-hundred day moving average price of $250.68. The firm has a market cap of $77.55 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 5.74 and a beta of 1.10. Illinois Tool Works Inc. has a fifty-two week low of $214.66 and a fifty-two week high of $279.13.

Illinois Tool Works (NYSE:ITW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.56 by $0.02. Illinois Tool Works had a net margin of 21.31% and a return on equity of 90.89%. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the business posted $2.54 EPS. The business's revenue for the quarter was up .6% compared to the same quarter last year. Illinois Tool Works has set its FY 2025 guidance at 10.350-10.550 EPS. On average, equities research analysts forecast that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 30th will be paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, September 30th. This is a boost from Illinois Tool Works's previous quarterly dividend of $1.50. Illinois Tool Works's dividend payout ratio (DPR) is 52.59%.

Illinois Tool Works Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.