Pacific Heights Asset Management LLC Purchases 15,000 Shares of Illinois Tool Works Inc. $ITW

Pacific Heights Asset Management LLC lifted its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 15.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,000 shares of the industrial products company’s stock after purchasing an additional 15,000 shares during the quarter. Illinois Tool Works accounts for 1.1% of Pacific Heights Asset Management LLC’s portfolio, making the stock its 25th largest position. Pacific Heights Asset Management LLC’s holdings in Illinois Tool Works were worth $28,324,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ITW. Brighton Jones LLC lifted its position in Illinois Tool Works by 5.3% in the 4th quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock valued at $1,399,000 after acquiring an additional 277 shares in the last quarter. Bison Wealth LLC lifted its position in Illinois Tool Works by 2.3% in the 4th quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock valued at $901,000 after acquiring an additional 81 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Illinois Tool Works by 20.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company’s stock valued at $257,000 after acquiring an additional 177 shares in the last quarter. Sei Investments Co. lifted its position in Illinois Tool Works by 22.0% in the 2nd quarter. Sei Investments Co. now owns 106,784 shares of the industrial products company’s stock valued at $26,401,000 after acquiring an additional 19,248 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in Illinois Tool Works by 2.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 136,884 shares of the industrial products company’s stock valued at $33,845,000 after acquiring an additional 2,890 shares in the last quarter. 79.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research report on Monday, May 4th. Barclays cut their price target on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Monday, April 27th. Truist Financial boosted their price target on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a research report on Wednesday, February 4th. Finally, Citigroup boosted their price target on shares of Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Illinois Tool Works currently has an average rating of “Reduce” and a consensus price target of $271.92.

Trending Headlines about Illinois Tool Works

Here are the key news stories impacting Illinois Tool Works this week:

• Positive Sentiment: Wells Fargo lifted its price target on Illinois Tool Works to $255 from $245, suggesting improved demand trends in short-cycle markets, even though the firm kept an Underweight rating. Wells Fargo Sees Improving Demand Trends for Illinois Tool Works (ITW)
• Positive Sentiment: Zacks Research nudged up its FY2026 EPS estimate for Illinois Tool Works to $11.29 from $11.21, and also increased its FY2028 estimate to $13.27 from $13.21, indicating a slightly better long-term earnings outlook.
• Neutral Sentiment: Zacks Research made small upward revisions to some future-quarter estimates, including Q3 2027 and Q4 2027, while leaving the broader full-year outlook mostly unchanged.
• Negative Sentiment: The same Zacks notes also trimmed several near-term estimates, including Q2 2026, Q4 2026, Q1 2027, Q2 2027 and FY2027 EPS, which may be weighing on sentiment around near-term growth.

Illinois Tool Works Trading Up 0.1%

Shares of NYSE:ITW opened at $247.85 on Monday. The stock has a market capitalization of $71.31 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 4.26 and a beta of 1.04. The company’s 50-day moving average price is $264.17 and its two-hundred day moving average price is $262.01. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.09. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.01 billion. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. Illinois Tool Works’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, equities analysts forecast that Illinois Tool Works Inc. will post 11.37 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $1.61 per share. The ex-dividend date is Tuesday, June 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.6%. Illinois Tool Works’s payout ratio is currently 59.80%.

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.