Fidelity National Financial Inc. Acquires New Shares in Illinois Tool Works Inc. $ITW

Key Points

• Fidelity National Financial acquired 76,100 shares of Illinois Tool Works in the second quarter, valued at approximately $20.6 million. Institutional investors own 79.77% of ITW’s outstanding shares.
• Illinois Tool Works exceeded quarterly earnings and revenue 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.
• ITW increased its quarterly dividend from $1.61 to $1.72 per share, representing an annualized dividend of $6.88 and a 2.4% yield. Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $281.25.

Fidelity National Financial Inc. acquired a new position in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 76,100 shares of the industrial products company's stock, valued at approximately $20,583,000. Illinois Tool Works comprises 0.7% of Fidelity National Financial Inc.'s holdings, making the stock its 10th biggest position.

A number of other hedge funds also recently added to or reduced their stakes in ITW. Cresta Advisors Ltd. bought a new stake in Illinois Tool Works in the 4th quarter valued at about $25,000. Motiv8 Investments LLC bought a new position in Illinois Tool Works in the 4th quarter worth about $27,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Illinois Tool Works in the fourth quarter valued at approximately $27,000. Ares Financial Consulting LLC acquired a new position in Illinois Tool Works during the 4th quarter worth $31,000. Finally, Wilkerson Advisory Group LLC grew its position in Illinois Tool Works by 77.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company's stock valued at $31,000 after buying an additional 52 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors.

Insider Activity

In other Illinois Tool Works news, 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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jennifer F. Scanlon purchased 806 shares of the company's stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the purchase, the director owned 1,652 shares in the company, valued at $409,679.48. The trade was a 95.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.83% of the stock is owned by insiders.

Illinois Tool Works Stock Down 0.9%

ITW stock opened at $284.66 on Wednesday. The company has a 50 day moving average of $276.27 and a two-hundred day moving average of $271.12. The company has a market cap of $81.07 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 4.91 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 posted 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 net margin of 19.39% and a return on equity of 101.72%. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the prior year, the business posted $2.58 earnings per share. Illinois Tool Works's revenue for the quarter 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. On average, equities analysts anticipate that Illinois Tool Works Inc. will post 11.45 earnings per share for the current fiscal 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 paid a dividend of $1.72 per share. This is a boost from Illinois Tool Works's previous quarterly dividend of $1.61. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.4%. Illinois Tool Works's dividend payout ratio (DPR) is 58.39%.

Analyst Upgrades and Downgrades

ITW has been the topic of a number of research reports. JPMorgan Chase & Co. boosted 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. Citigroup reaffirmed a "neutral" rating on shares of Illinois Tool Works in a research note on Monday, July 13th. Evercore cut their target price on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Truist Financial increased their target price on Illinois Tool Works from $280.00 to $301.00 and gave the company a "hold" rating in a report on Thursday, July 2nd. Finally, Wells Fargo & Company lifted their price target on Illinois Tool Works from $245.00 to $255.00 and gave the company an "underweight" rating in a report on Monday, May 4th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average 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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