Illinois Tool Works Inc. $ITW Shares Acquired by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. boosted its stake in Illinois Tool Works by 42.5% in the fourth quarter, adding 9,277 shares and bringing its total holding to 31,099 shares worth about $7.66 million.
• Illinois Tool Works recently reported strong quarterly results, with EPS of $2.66 topping expectations and revenue of $4.02 billion slightly above estimates; the company also raised its FY 2026 guidance to 11.10–11.50 EPS.
• The company declared a quarterly dividend of $1.61 per share, payable July 10, which annualizes to $6.44 and yields about 2.4%. Analyst sentiment remains cautious, with a consensus rating of “Reduce” and a consensus price target of $271.92.

Pacer Advisors Inc. grew its stake in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 42.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 31,099 shares of the industrial products company's stock after acquiring an additional 9,277 shares during the period. Pacer Advisors Inc.'s holdings in Illinois Tool Works were worth $7,660,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Siemens Fonds Invest GmbH increased its stake in Illinois Tool Works by 70.1% during the third quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company's stock worth $4,753,000 after purchasing an additional 7,508 shares during the period. Hudson Bay Capital Management LP boosted its stake in shares of Illinois Tool Works by 123.4% in the third quarter. Hudson Bay Capital Management LP now owns 23,063 shares of the industrial products company's stock valued at $6,014,000 after purchasing an additional 12,741 shares during the period. Gradient Investments LLC grew its holdings in shares of Illinois Tool Works by 691.3% in the fourth quarter. Gradient Investments LLC now owns 62,677 shares of the industrial products company's stock valued at $15,437,000 after purchasing an additional 54,756 shares in the last quarter. Y.D. More Investments Ltd acquired a new position in shares of Illinois Tool Works in the fourth quarter valued at approximately $2,498,000. Finally, Vinva Investment Management Ltd increased its stake in Illinois Tool Works by 32.5% during the 3rd quarter. Vinva Investment Management Ltd now owns 76,587 shares of the industrial products company's stock worth $20,018,000 after buying an additional 18,801 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Jennifer F. Scanlon acquired 806 shares of the firm's stock in a transaction on Tuesday, June 2nd. The stock was bought 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 of the company's stock, valued at approximately $409,679.48. The trade was a 95.27% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.83% of the stock is currently owned by company insiders.

Illinois Tool Works Stock Performance

Shares of ITW opened at $264.38 on Monday. The company has a market capitalization of $76.06 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 4.54 and a beta of 1.01. Illinois Tool Works Inc. has a 52-week low of $238.82 and a 52-week high of $303.15. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. The stock has a 50 day moving average price of $258.49 and a 200 day moving average price of $263.54.

Illinois Tool Works (NYSE:ITW - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, topping analysts' consensus estimates of $2.57 by $0.09. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The company had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $4.01 billion. During the same quarter last year, the company earned $2.38 earnings per share. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Research analysts predict that Illinois Tool Works Inc. will post 11.37 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be given a $1.61 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a yield of 2.4%. Illinois Tool Works's payout ratio is 59.80%.

Analyst Ratings Changes

A number of research firms have issued reports on ITW. Barclays reduced their target price on shares of Illinois Tool Works from $275.00 to $250.00 and set an "underweight" rating on the stock in a report on Wednesday, April 1st. Wolfe Research upped their price objective on Illinois Tool Works from $276.00 to $295.00 and gave the stock an "underperform" rating in a research report on Friday, February 27th. Weiss Ratings cut Illinois Tool Works from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, May 26th. The Goldman Sachs Group reiterated a "sell" rating and issued a $254.00 target price on shares of Illinois Tool Works in a report on Thursday, April 30th. Finally, Citigroup boosted their target price on Illinois Tool Works from $284.00 to $287.00 and gave the stock a "neutral" rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $271.92.

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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