Illinois Tool Works Inc. $ITW Shares Acquired by NEOS Investment Management LLC

Key Points

• NEOS Investment Management increased its Illinois Tool Works stake by 13.3% in the second quarter, bringing its holdings to 42,714 shares valued at approximately $11.6 million. Institutional investors collectively own 79.77% of ITW.
• Illinois Tool Works reported quarterly EPS of $2.84, beating estimates of $2.80, while revenue rose 6.1% year over year to $4.30 billion. The company maintained fiscal 2026 EPS guidance of $11.35 to $11.55.
• The company raised its quarterly dividend to $1.72 per share, equivalent to a $6.88 annualized payout and a 2.5% yield. Despite the dividend increase, analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $281.25.

NEOS Investment Management LLC boosted its position in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 13.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,714 shares of the industrial products company's stock after purchasing an additional 5,003 shares during the period. NEOS Investment Management LLC's holdings in Illinois Tool Works were worth $11,553,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Illinois Tool Works in the 2nd quarter valued at about $6,296,349,000. State Street Corp lifted its holdings in shares of Illinois Tool Works by 1.2% in 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 purchasing an additional 151,864 shares in the last quarter. Geode Capital Management LLC grew its position in shares of 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 purchasing an additional 184,301 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Illinois Tool Works by 3.2% during the 4th 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 in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Illinois Tool Works by 1.5% during the 4th 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 Activity at Illinois Tool Works

In related news, CAO Matteo Pigozzo sold 277 shares of the firm's 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 of the company's stock, valued at approximately $981,612.68. This trade represents 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 at the SEC website. Also, Director Ernest Santi sold 41,431 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total transaction of $11,894,425.79. Following the transaction, the director directly owned 266,288 shares of the company's stock, valued at $76,448,621.92. This trade represents a 13.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.83% of the stock is currently owned by company insiders.

Illinois Tool Works Price Performance

ITW stock opened at $269.99 on Friday. The stock has a market capitalization of $76.89 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 3.66 and a beta of 0.98. 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 Inc. has a 52-week low of $238.82 and a 52-week high of $303.15. The stock's fifty day simple moving average is $280.40 and its 200-day simple moving average is $270.63.

Illinois Tool Works (NYSE:ITW - Get Free Report) last released its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 EPS 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 firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same period in the prior year, the firm posted $2.58 earnings per share. The business'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. Equities research analysts expect that Illinois Tool Works Inc. will post 11.45 EPS for the current year.

Illinois Tool Works Increases Dividend

The business 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 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, September 30th. This is an increase from Illinois Tool Works's previous quarterly dividend of $1.61. Illinois Tool Works's payout ratio is currently 58.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ITW shares. UBS Group reiterated a "neutral" rating and set a $300.00 target price on shares of Illinois Tool Works in a report on Wednesday, July 29th. Wolfe Research restated an "underperform" rating and issued a $286.00 price objective on shares of Illinois Tool Works in a research report on Thursday, July 9th. Robert W. Baird increased their price objective 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. 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. Finally, Weiss Ratings upgraded shares of Illinois Tool Works from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average 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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