Flputnam Investment Management Co. Takes Position in Illinois Tool Works Inc. $ITW

Key Points

• Flputnam Investment Management purchased 33,098 shares of Illinois Tool Works worth approximately $8.95 million in the second quarter. Institutional investors collectively 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 rising 6.1% year over year. The company provided fiscal 2026 EPS guidance of $11.35–$11.55.
• ITW raised its quarterly dividend to $1.72 per share, representing a 2.4% annualized yield. Despite some bullish analyst targets, the stock carries a consensus “Reduce” rating with an average target price of $281.25.

Flputnam Investment Management Co. purchased a new position in Illinois Tool Works Inc. (NYSE:ITW - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 33,098 shares of the industrial products company's stock, valued at approximately $8,952,000.

A number of other hedge funds have also recently made changes to their positions in ITW. Vanguard Group Inc. grew its position in shares of Illinois Tool Works by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 26,887,218 shares of the industrial products company's stock worth $6,622,322,000 after buying an additional 189,229 shares during the last quarter. State Street Corp lifted its position in Illinois Tool Works by 1.2% during the fourth quarter. State Street Corp now owns 12,596,511 shares of the industrial products company's stock valued at $3,122,535,000 after acquiring an additional 151,864 shares during the last quarter. Geode Capital Management LLC boosted its stake in Illinois Tool Works by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 6,944,651 shares of the industrial products company's stock valued at $1,709,734,000 after acquiring an additional 184,301 shares in the last quarter. Capital Research Global Investors grew its holdings in Illinois Tool Works by 3.2% in 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 last quarter. Finally, Fisher Asset Management LLC grew its holdings in Illinois Tool Works by 1.5% in the fourth quarter. Fisher Asset Management LLC now owns 3,705,081 shares of the industrial products company's stock worth $912,562,000 after purchasing an additional 54,519 shares during the last quarter. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Illinois Tool Works

In other news, Director Jennifer F. Scanlon bought 806 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.83% of the stock is currently owned by company insiders.

Illinois Tool Works Stock Down 0.0%

Shares of ITW opened at $290.74 on Monday. The company has a market capitalization of $82.80 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 4.91 and a beta of 0.99. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The stock's 50-day moving average price is $275.01 and its 200-day moving average price is $270.73. 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 announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, beating 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 company 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% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, sell-side analysts predict that Illinois Tool Works Inc. will post 11.45 EPS for the current year.

Illinois Tool Works Increases Dividend

The company also recently announced 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 is a positive change 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 annualized dividend and a dividend yield of 2.4%. Illinois Tool Works's payout ratio is presently 58.39%.

Analyst Ratings Changes

Several brokerages have recently commented on ITW. Truist Financial increased their price objective on Illinois Tool Works from $280.00 to $301.00 and gave the company a "hold" rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. boosted their target price on Illinois Tool Works from $310.00 to $350.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Citigroup reaffirmed a "neutral" rating on shares of Illinois Tool Works in a research report on Monday, July 13th. Robert W. Baird increased their price target on Illinois Tool Works from $278.00 to $297.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Finally, UBS Group restated a "neutral" rating and set a $300.00 price target on shares of Illinois Tool Works in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus 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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