Fiduciary Financial Advisors Takes Position in Illinois Tool Works Inc. $ITW

Key Points

• Fiduciary Financial Advisors acquired 9,548 shares of Illinois Tool Works in the second quarter, worth approximately $2.58 million. Institutional investors collectively own 79.77% of ITW’s outstanding stock.
• Illinois Tool Works reported quarterly EPS of $2.84, exceeding estimates by $0.04, while revenue rose 6.1% year over year to $4.30 billion. The company reaffirmed fiscal 2026 EPS guidance of $11.35–$11.55.
• ITW raised its quarterly dividend to $1.72 from $1.61, representing an annualized payout of $6.88 and a 2.4% yield. Despite some bullish analyst revisions, the stock has a consensus “Reduce” rating and an average price target of $281.25.

Fiduciary Financial Advisors bought a new position in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,548 shares of the industrial products company's stock, valued at approximately $2,583,000.

Several other institutional investors and hedge funds have also bought and sold shares of ITW. B. Metzler seel. Sohn & Co. AG bought a new position in Illinois Tool Works in the 2nd quarter worth about $5,017,000. Sanctuary Advisors LLC bought a new stake in shares of Illinois Tool Works during the 2nd quarter valued at about $14,028,000. Strs Ohio boosted its position in shares of Illinois Tool Works by 20.5% during the 4th quarter. Strs Ohio now owns 83,263 shares of the industrial products company's stock valued at $20,508,000 after acquiring an additional 14,186 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Illinois Tool Works by 3.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 586,906 shares of the industrial products company's stock worth $146,433,000 after purchasing an additional 21,481 shares in the last quarter. Finally, Pacific Heights Asset Management LLC increased its position in shares of Illinois Tool Works by 15.0% in the fourth quarter. Pacific Heights Asset Management LLC now owns 115,000 shares of the industrial products company's stock worth $28,324,000 after purchasing an additional 15,000 shares during the last quarter. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Illinois Tool Works Stock Up 0.6%

Shares of NYSE ITW opened at $283.97 on Tuesday. The stock has a market capitalization of $80.88 billion, a P/E ratio of 25.75, a PEG ratio of 4.77 and a beta of 0.99. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. The firm's 50 day simple moving average is $278.43 and its two-hundred day simple moving average is $271.59. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.11 and a quick ratio of 0.81.

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 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 firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same period in the previous year, the business posted $2.58 EPS. The business's quarterly revenue was up 6.1% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, analysts expect that Illinois Tool Works Inc. will post 11.45 EPS for the current fiscal year.

Illinois Tool Works Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be paid a $1.72 dividend. This is a boost from Illinois Tool Works's previous quarterly dividend of $1.61. This represents a $6.88 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Illinois Tool Works's payout ratio is presently 58.39%.

Insider Buying and Selling at Illinois Tool Works

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 acquired at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the transaction, the director directly owned 1,652 shares in the company, valued at approximately $409,679.48. This represents a 95.27% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Matteo C. Pigozzo sold 277 shares of Illinois Tool Works stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $289.22, for a total value of $80,113.94. Following the completion of the transaction, the chief accounting officer owned 3,394 shares in the company, valued at approximately $981,612.68. This represents a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.83% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Illinois Tool Works from $310.00 to $350.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Robert W. Baird increased their price target on shares of Illinois Tool Works from $278.00 to $297.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Evercore lowered their price objective on shares of Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Weiss Ratings raised shares of Illinois Tool Works from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Finally, Wells Fargo & Company upped their target price on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an "underweight" rating in a research 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. According to MarketBeat.com, Illinois Tool Works presently has an average rating of "Reduce" and a consensus target price of $281.25.

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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