EFG International AG Acquires New Shares in Illinois Tool Works Inc. $ITW

Key Points

• EFG International AG acquired 7,334 shares of Illinois Tool Works in the second quarter, valued at approximately $1.98 million. Institutional investors and hedge funds collectively own 79.77% of ITW.
• Illinois Tool Works exceeded quarterly expectations, reporting $2.84 in EPS and $4.30 billion in revenue, with revenue up 6.1% year over year. The company reaffirmed 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 $6.88 dividend and a 2.4% yield. Despite some bullish analyst targets, the consensus rating remains “Reduce,” with a $281.25 target price.

EFG International AG acquired a new position in Illinois Tool Works Inc. (NYSE:ITW - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,334 shares of the industrial products company's stock, valued at approximately $1,984,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ITW. BlackRock Inc. acquired a new position in shares of Illinois Tool Works during the 2nd quarter valued at about $6,296,349,000. State Street Corp lifted its holdings in 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 worth $3,122,535,000 after purchasing an additional 151,864 shares during the last quarter. Geode Capital Management LLC lifted its holdings in 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. Capital Research Global Investors boosted its position in Illinois Tool Works by 3.2% during the fourth 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 during the period. Finally, Fisher Asset Management LLC grew its holdings in Illinois Tool Works by 1.5% during the fourth quarter. Fisher Asset Management LLC now owns 3,705,081 shares of the industrial products company's stock valued at $912,562,000 after purchasing an additional 54,519 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 $285.54 on Thursday. The stock's 50 day simple moving average is $279.22 and its 200-day simple moving average is $271.52. The company has a current ratio of 1.11, a quick ratio of 0.81 and a debt-to-equity ratio of 2.26. The stock has a market cap of $81.32 billion, a PE ratio of 25.89, a P/E/G ratio of 4.76 and a beta of 0.99. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15.

Illinois Tool Works (NYSE:ITW - Get Free Report) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.19 billion. During the same period last year, the business earned $2.58 earnings per share. Illinois Tool Works's quarterly revenue was up 6.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. Sell-side analysts forecast that Illinois Tool Works Inc. will post 11.45 EPS for the current year.

Illinois Tool Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a positive change from Illinois Tool Works's previous quarterly dividend of $1.61. Illinois Tool Works's payout ratio is 58.39%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ITW shares. Robert W. Baird boosted their price objective on shares of Illinois Tool Works from $278.00 to $297.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Truist Financial raised their target price on shares of Illinois Tool Works from $280.00 to $301.00 and gave the company a "hold" rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. lifted their target price 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. Weiss Ratings raised Illinois Tool Works from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Finally, Wolfe Research reiterated an "underperform" rating and issued a $286.00 price objective on shares of Illinois Tool Works in a research note on Thursday, July 9th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, Illinois Tool Works has an average rating of "Reduce" and a consensus target price of $281.25.

Insider Activity

In other Illinois Tool Works news, Director Jennifer F. Scanlon purchased 806 shares of the business's stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the purchase, the director directly owned 1,652 shares in the company, valued at approximately $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matteo C. Pigozzo sold 277 shares of Illinois Tool Works 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 sale, the chief accounting officer directly owned 3,394 shares in the company, valued at $981,612.68. The trade was a 7.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.83% of the stock is owned by company insiders.

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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