Nykredit A S Takes $20.52 Million Position in Illinois Tool Works Inc. $ITW

Nykredit A S purchased a new position in Illinois Tool Works Inc. (NYSE:ITW - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 75,884 shares of the industrial products company's stock, valued at approximately $20,524,000.

Several other institutional investors also recently bought and sold shares of ITW. Motiv8 Investments LLC bought a new position in Illinois Tool Works in the fourth quarter worth approximately $27,000. Kemnay Advisory Services Inc. bought a new stake in Illinois Tool Works during the 4th quarter valued at $27,000. Wilkerson Advisory Group LLC increased its holdings in shares of 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 acquiring an additional 52 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of Illinois Tool Works by 215.0% in the 4th quarter. Meeder Asset Management Inc. now owns 126 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 86 shares during the period. Finally, Sfam LLC bought a new position in shares of Illinois Tool Works in the 4th quarter worth $31,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

Illinois Tool Works Trading Up 0.9%

Illinois Tool Works stock opened at $271.54 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.81 and a current ratio of 1.11. The stock has a market cap of $77.33 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 3.64 and a beta of 0.98. The stock has a 50-day moving average of $280.36 and a two-hundred day moving average of $270.63. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15.

Illinois Tool Works (NYSE:ITW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.04. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.58 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, research analysts anticipate that Illinois Tool Works Inc. will post 11.45 EPS for the current fiscal year.

Illinois Tool Works Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, September 30th. This is a positive change from Illinois Tool Works's previous quarterly dividend of $1.61. Illinois Tool Works's dividend payout ratio (DPR) is currently 58.39%.

Insiders Place Their Bets

In related news, CAO Matteo C. Pigozzo sold 277 shares of the firm's stock in a transaction 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 completion of the transaction, the chief accounting officer owned 3,394 shares in the company, valued at $981,612.68. This trade represents a 7.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ernest Santi sold 41,431 shares of Illinois Tool Works stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total value of $11,894,425.79. Following the sale, the director directly owned 266,288 shares of the company's stock, valued at approximately $76,448,621.92. This represents a 13.46% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

ITW has been the topic of a number of recent research reports. UBS Group reaffirmed a "neutral" rating and set a $300.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price target on shares of Illinois Tool Works from $310.00 to $350.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. 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. Citigroup reaffirmed a "neutral" rating on shares of Illinois Tool Works in a research report on Monday, July 13th. Finally, Truist Financial increased their target price on shares of 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 given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $281.25.

Illinois Tool Works 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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