MAI Capital Management Boosts Stock Holdings in Illinois Tool Works Inc. $ITW

MAI Capital Management raised its position in Illinois Tool Works Inc. (NYSE:ITW) by 95.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 22,283 shares of the industrial products company’s stock after purchasing an additional 10,878 shares during the period. MAI Capital Management’s holdings in Illinois Tool Works were worth $5,811,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ITW. Vanguard Group Inc. raised its holdings in shares of Illinois Tool Works by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 26,723,774 shares of the industrial products company’s stock worth $6,607,453,000 after acquiring an additional 335,955 shares during the period. State Street Corp grew its holdings in shares of Illinois Tool Works by 0.9% in the second quarter. State Street Corp now owns 12,476,310 shares of the industrial products company’s stock valued at $3,103,167,000 after purchasing an additional 108,919 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Illinois Tool Works by 1.9% during the second quarter. Geode Capital Management LLC now owns 6,765,540 shares of the industrial products company’s stock worth $1,670,246,000 after acquiring an additional 122,990 shares during the period. Massachusetts Financial Services Co. MA raised its position in Illinois Tool Works by 12.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,797,055 shares of the industrial products company’s stock valued at $938,822,000 after purchasing an additional 415,982 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Illinois Tool Works by 2.3% in the 2nd quarter. Fisher Asset Management LLC now owns 3,595,146 shares of the industrial products company’s stock valued at $888,900,000 after buying an additional 80,527 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Price Performance

Shares of NYSE ITW opened at $290.41 on Friday. The stock has a market cap of $83.70 billion, a P/E ratio of 27.68, a P/E/G ratio of 15.51 and a beta of 1.15. Illinois Tool Works Inc. has a twelve month low of $214.66 and a twelve month high of $303.15. The stock has a 50 day moving average of $268.95 and a two-hundred day moving average of $259.47. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.03. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same period last year, the firm posted $2.54 earnings per share. The company’s revenue for the quarter 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. On average, research analysts forecast that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is presently 61.39%.

Insider Activity

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the completion of the sale, the director directly owned 258,766 shares of the company’s stock, valued at $75,282,792.38. This represents a 39.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Axel Beck sold 4,223 shares of the stock in a transaction that occurred on 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 sale, the executive vice president directly owned 5,789 shares of the company’s stock, valued at $1,680,083.58. The trade was a 42.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.88% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. The Goldman Sachs Group reissued a “sell” rating and issued a $253.00 target price on shares of Illinois Tool Works in a report on Tuesday, February 3rd. Truist Financial raised their price target on Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research note on Wednesday, February 4th. Citigroup upped their price objective on Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, Wolfe Research dropped their price objective on Illinois Tool Works from $278.00 to $276.00 and set an “underperform” rating on the stock in a report on Wednesday, February 4th. 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. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $272.92.

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.