Meeder Advisory Services Inc. Takes $2.13 Million Position in Illinois Tool Works Inc. $ITW

Key Points

• Meeder Advisory Services initiated a $2.13 million position in Illinois Tool Works, purchasing 7,869 shares in the second quarter. Institutional investors collectively own approximately 79.77% of ITW.
• Illinois Tool Works exceeded quarterly expectations with adjusted EPS of $2.84 versus $2.80 expected, 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 per share from $1.61, implying a 2.4% yield. Analysts remain cautious overall, with an average “Reduce” rating and a consensus price target of $281.25.

Meeder Advisory Services Inc. bought a new stake in Illinois Tool Works Inc. (NYSE:ITW - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,869 shares of the industrial products company's stock, valued at approximately $2,128,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Cresta Advisors Ltd. purchased a new stake in Illinois Tool Works in the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC purchased a new position in shares of Illinois Tool Works during the fourth quarter worth approximately $27,000. Kemnay Advisory Services Inc. acquired a new position in shares of Illinois Tool Works in the 4th quarter valued at $27,000. Ares Financial Consulting LLC acquired a new position in shares of Illinois Tool Works in the 4th quarter valued at $31,000. Finally, Wilkerson Advisory Group LLC raised its position in Illinois Tool Works by 77.6% in the 1st quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company's stock.

Insider Transactions at Illinois Tool Works

In other news, Director Jennifer F. Scanlon acquired 806 shares of Illinois Tool Works stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average price 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 trade represents a 95.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matteo C. Pigozzo sold 277 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total value of $80,113.94. Following the transaction, the chief accounting officer owned 3,394 shares in the company, valued at $981,612.68. The trade was a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.83% of the stock is owned by company insiders.

Illinois Tool Works Stock Performance

NYSE:ITW opened at $284.66 on Wednesday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.11 and a quick ratio of 0.81. The firm has a market cap of $81.07 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 4.91 and a beta of 0.99. The firm's fifty day moving average price is $276.27 and its 200 day moving average price is $271.12. Illinois Tool Works Inc. has a 1-year low of $238.82 and a 1-year high of $303.15.

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 EPS 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 company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the prior year, the firm earned $2.58 EPS. 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 expect that Illinois Tool Works Inc. will post 11.45 EPS for the current year.

Illinois Tool Works Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be issued a dividend of $1.72 per share. This is an increase 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 dividend payout ratio is currently 58.39%.

Analyst Ratings Changes

Several brokerages have issued reports on ITW. Robert W. Baird raised their price objective on shares of Illinois Tool Works from $278.00 to $297.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Wells Fargo & Company upped their target price on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an "underweight" rating in a report on Monday, May 4th. Citigroup reiterated a "neutral" rating on shares of Illinois Tool Works in a research note on Monday, July 13th. JPMorgan Chase & Co. raised their price target on Illinois Tool Works from $310.00 to $350.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group restated a "sell" rating and issued a $254.00 price target on shares of Illinois Tool Works in a research report on Thursday, April 30th. Two research 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's stock. According to MarketBeat, Illinois Tool Works has an average rating of "Reduce" and an average price target 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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