Munich Reinsurance Co Stock Corp in Munich Takes Position in Illinois Tool Works Inc. $ITW

Key Points

• Munich Re bought a new stake in Illinois Tool Works in Q3 — 34,160 shares valued at about $8.9 million per its latest 13F filing.
• Illinois Tool Works beat Q earnings (reported $2.72 EPS vs. $2.69 est.), issued FY 2026 guidance of 11.000–11.400 EPS, and announced a quarterly dividend of $1.61 (annualized $6.44, ~2.3% yield).
• Insider selling was notable: Director Ernest Scott Santi sold 167,345 shares for about $48.7 million (a 39% reduction), while institutional investors own roughly 79.77% of ITW and insiders about 0.88%.

Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,160 shares of the industrial products company's stock, valued at approximately $8,908,000.

A number of other large investors have also made changes to their positions in ITW. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Illinois Tool Works by 4.2% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 988 shares of the industrial products company's stock valued at $244,000 after acquiring an additional 40 shares during the last quarter. Everpar Advisors LLC increased its position in shares of Illinois Tool Works by 1.7% during the third quarter. Everpar Advisors LLC now owns 2,574 shares of the industrial products company's stock worth $671,000 after purchasing an additional 42 shares in the last quarter. Confluence Wealth Services Inc. raised its stake in Illinois Tool Works by 1.0% in the 3rd quarter. Confluence Wealth Services Inc. now owns 4,171 shares of the industrial products company's stock valued at $1,087,000 after purchasing an additional 43 shares during the last quarter. Montag A & Associates Inc. lifted its holdings in Illinois Tool Works by 0.7% in the 3rd quarter. Montag A & Associates Inc. now owns 6,605 shares of the industrial products company's stock valued at $1,733,000 after purchasing an additional 43 shares in the last quarter. Finally, BLB&B Advisors LLC lifted its holdings in Illinois Tool Works by 2.9% in the 3rd quarter. BLB&B Advisors LLC now owns 1,605 shares of the industrial products company's stock valued at $419,000 after purchasing an additional 45 shares in the last quarter. 79.77% of the stock is owned by institutional investors and hedge funds.

Illinois Tool Works Trading Down 2.0%

ITW opened at $276.95 on Friday. The stock has a market capitalization of $79.82 billion, a PE ratio of 26.40, a P/E/G ratio of 14.84 and a beta of 1.13. Illinois Tool Works Inc. has a one year low of $214.66 and a one year high of $303.15. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.89 and a current ratio of 1.21. The business's 50 day moving average price is $273.02 and its 200 day moving average price is $260.48.

Illinois Tool Works (NYSE:ITW - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.03. Illinois Tool Works had a return on equity of 95.16% and a net margin of 19.11%.The company had revenue of $4.09 billion during the quarter, compared to analysts' expectations of $4.07 billion. During the same quarter last year, the firm earned $2.54 earnings per share. The firm's quarterly revenue was up 4.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. As a group, equities research analysts expect that Illinois Tool Works Inc. will post 10.39 EPS for the current year.

Illinois Tool Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Illinois Tool Works's dividend payout ratio (DPR) is 61.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ITW shares. UBS Group reiterated a "neutral" rating and issued a $285.00 target price on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Wolfe Research increased their price objective on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an "underperform" rating in a report on Friday, February 27th. Barclays boosted their target price on Illinois Tool Works from $244.00 to $275.00 and gave the stock an "underweight" rating in a report on Monday, February 9th. Truist Financial increased their price target on Illinois Tool Works from $275.00 to $280.00 and gave the company a "hold" rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Illinois Tool Works in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat.com, Illinois Tool Works has a consensus rating of "Reduce" and an average price target of $275.69.

Insider Transactions at Illinois Tool Works

In other news, Director Ernest Scott Santi sold 167,345 shares of the firm's stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total value of $48,685,680.85. Following the completion of the transaction, the director owned 258,766 shares of the company's stock, valued at approximately $75,282,792.38. This trade represents a 39.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Axel Beck sold 4,223 shares of the business's stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $290.22, for a total value of $1,225,599.06. Following the transaction, the executive vice president directly owned 5,789 shares of the company's stock, valued at approximately $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by company insiders.

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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