Landscape Capital Management L.L.C. Invests $3.46 Million in Illinois Tool Works Inc. $ITW

Key Points

• Landscape Capital Management purchased 12,783 shares of Illinois Tool Works worth approximately $3.46 million, while institutional investors collectively own 79.77% of the company.
• Illinois Tool Works exceeded quarterly expectations with $2.84 EPS and $4.30 billion in revenue, up 6.1% year over year; it issued fiscal 2026 EPS guidance of $11.35–$11.55.
• The company raised its quarterly dividend from $1.61 to $1.72 per share, equivalent to an annualized $6.88 dividend and a 2.4% yield, though analysts maintain a consensus “Reduce” rating with a $281.25 target.

Landscape Capital Management L.L.C. bought a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,783 shares of the industrial products company's stock, valued at approximately $3,457,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Illinois Tool Works during the 2nd quarter valued at approximately $5,017,000. Strs Ohio grew its holdings in shares of Illinois Tool Works by 20.5% in the fourth quarter. Strs Ohio now owns 83,263 shares of the industrial products company's stock valued at $20,508,000 after purchasing an additional 14,186 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Illinois Tool Works by 3.8% in 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 during the last quarter. Pacific Heights Asset Management LLC raised its stake in Illinois Tool Works by 15.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 115,000 shares of the industrial products company's stock valued at $28,324,000 after purchasing an additional 15,000 shares in the last quarter. Finally, MUFG Securities EMEA plc raised its stake in Illinois Tool Works by 113.2% during the fourth quarter. MUFG Securities EMEA plc now owns 10,822 shares of the industrial products company's stock valued at $2,665,000 after purchasing an additional 5,745 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors.

Illinois Tool Works Trading Down 0.2%

ITW stock opened at $282.23 on Friday. Illinois Tool Works Inc. has a twelve month low of $238.82 and a twelve month high of $303.15. The stock has a market capitalization of $80.38 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 4.78 and a beta of 0.99. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26. The firm's fifty day simple moving average is $278.00 and its two-hundred day simple moving average is $271.50.

Illinois Tool Works (NYSE:ITW - Get Free Report) last released its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the business earned $2.58 EPS. The business's 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 anticipate that Illinois Tool Works Inc. will post 11.45 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be paid a dividend of $1.72 per share. 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%. This is an increase from Illinois Tool Works's previous quarterly dividend of $1.61. Illinois Tool Works's dividend payout ratio is 58.39%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup reissued a "neutral" rating on shares of Illinois Tool Works in a research note on Monday, July 13th. Evercore decreased their target price on shares of Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. UBS Group reiterated a "neutral" rating and issued a $300.00 price target on shares of Illinois Tool Works in a research report on Wednesday, July 29th. Weiss Ratings raised Illinois Tool Works from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Finally, Truist Financial upped their price objective on Illinois Tool Works from $280.00 to $301.00 and gave the company a "hold" rating in a research report on Thursday, July 2nd. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $281.25.

Insider Activity at Illinois Tool Works

In other news, Director Ernest Scott Santi sold 41,431 shares of Illinois Tool Works stock in a transaction 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 completion of the sale, the director directly owned 266,288 shares in the company, valued at approximately $76,448,621.92. This trade represents a 13.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matteo C. Pigozzo sold 277 shares of the company's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $289.22, for a total transaction 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. The trade was a 7.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.83% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source