Robeco Institutional Asset Management B.V. Decreases Holdings in Illinois Tool Works Inc. $ITW

Key Points

• Robeco Institutional Asset Management B.V. has reduced its holdings in Illinois Tool Works Inc. by 42.0% in the second quarter, now owning 11,687 shares valued at approximately $2.89 million.
• Illinois Tool Works recently declared an increased quarterly dividend of $1.61, up from $1.50, representing an annualized yield of 2.5%.
• Analyst ratings for Illinois Tool Works show mixed opinions, with two ratings as "Buy," eight as "Hold," and three as "Sell," with an average price target of $261.58.

Robeco Institutional Asset Management B.V. cut its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 42.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,687 shares of the industrial products company's stock after selling 8,466 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Illinois Tool Works were worth $2,890,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Bank & Trust Co grew its stake in shares of Illinois Tool Works by 0.4% during the 2nd quarter. Bank & Trust Co now owns 10,215 shares of the industrial products company's stock worth $2,526,000 after acquiring an additional 39 shares during the period. Clearstead Trust LLC boosted its stake in Illinois Tool Works by 0.9% in the 1st quarter. Clearstead Trust LLC now owns 4,758 shares of the industrial products company's stock worth $1,180,000 after purchasing an additional 43 shares during the period. Northern Financial Advisors Inc boosted its stake in Illinois Tool Works by 1.9% in the 1st quarter. Northern Financial Advisors Inc now owns 2,348 shares of the industrial products company's stock worth $582,000 after purchasing an additional 44 shares during the period. Aspen Investment Management Inc boosted its stake in Illinois Tool Works by 0.7% in the 1st quarter. Aspen Investment Management Inc now owns 6,236 shares of the industrial products company's stock worth $1,547,000 after purchasing an additional 45 shares during the period. Finally, Deseret Mutual Benefit Administrators boosted its stake in Illinois Tool Works by 3.3% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,431 shares of the industrial products company's stock worth $355,000 after purchasing an additional 46 shares during the period. 79.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Illinois Tool Works

In other news, CAO Randall J. Scheuneman sold 6,802 shares of the business's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $265.08, for a total value of $1,803,074.16. Following the completion of the transaction, the chief accounting officer owned 10,314 shares in the company, valued at $2,734,035.12. The trade was a 39.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.88% of the stock is owned by corporate insiders.

Illinois Tool Works Trading Down 0.5%

Illinois Tool Works stock opened at $258.76 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.15 and a debt-to-equity ratio of 2.40. The business's fifty day simple moving average is $261.41 and its two-hundred day simple moving average is $251.05. Illinois Tool Works Inc. has a 12 month low of $214.66 and a 12 month high of $279.13. The company has a market capitalization of $75.43 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 5.75 and a beta of 1.10.

Illinois Tool Works (NYSE:ITW - Get Free Report) last released its earnings results on Wednesday, July 30th. The industrial products company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.56 by $0.02. Illinois Tool Works had a return on equity of 90.89% and a net margin of 21.31%.The business had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the company posted $2.54 earnings per share. The company's revenue for the quarter was up .6% compared to the same quarter last year. Illinois Tool Works has set its FY 2025 guidance at 10.350-10.550 EPS. As a group, equities analysts predict that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th will be paid a $1.61 dividend. This is an increase from Illinois Tool Works's previous quarterly dividend of $1.50. This represents a $6.44 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 30th. Illinois Tool Works's dividend payout ratio (DPR) is presently 56.44%.

Analyst Upgrades and Downgrades

ITW has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Illinois Tool Works from $265.00 to $268.00 and gave the stock a "hold" rating in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Illinois Tool Works in a report on Saturday, September 27th. Wells Fargo & Company raised their price target on Illinois Tool Works from $235.00 to $250.00 and gave the company an "underweight" rating in a report on Thursday, July 31st. Barclays raised their price objective on Illinois Tool Works from $240.00 to $243.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Finally, Stifel Nicolaus raised their price objective on Illinois Tool Works from $255.00 to $261.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Illinois Tool Works has an average rating of "Reduce" and an average price target of $261.58.

Illinois Tool Works Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.

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