Aster Capital Management DIFC Ltd Takes $1.21 Million Position in Illinois Tool Works Inc. $ITW

Aster Capital Management DIFC Ltd bought a new stake in Illinois Tool Works Inc. (NYSE:ITW) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,920 shares of the industrial products company’s stock, valued at approximately $1,212,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ITW. Siemens Fonds Invest GmbH raised its holdings in shares of Illinois Tool Works by 70.1% in the third quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company’s stock valued at $4,753,000 after buying an additional 7,508 shares during the last quarter. Hudson Bay Capital Management LP raised its holdings in shares of Illinois Tool Works by 123.4% in the third quarter. Hudson Bay Capital Management LP now owns 23,063 shares of the industrial products company’s stock valued at $6,014,000 after buying an additional 12,741 shares during the last quarter. Y.D. More Investments Ltd bought a new position in shares of Illinois Tool Works in the fourth quarter valued at about $2,498,000. Gradient Investments LLC raised its holdings in shares of Illinois Tool Works by 691.3% in the fourth quarter. Gradient Investments LLC now owns 62,677 shares of the industrial products company’s stock valued at $15,437,000 after buying an additional 54,756 shares during the last quarter. Finally, Vinva Investment Management Ltd raised its holdings in Illinois Tool Works by 32.5% during the 3rd quarter. Vinva Investment Management Ltd now owns 76,587 shares of the industrial products company’s stock worth $20,018,000 after purchasing an additional 18,801 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

Illinois Tool Works stock opened at $262.34 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15. The company has a market cap of $75.48 billion, a PE ratio of 24.36, a PEG ratio of 4.42 and a beta of 1.01. The company’s 50-day moving average is $258.25 and its two-hundred day moving average is $263.11.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.Illinois Tool Works’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Equities analysts anticipate that Illinois Tool Works Inc. will post 11.37 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be paid a $1.61 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.5%. Illinois Tool Works’s dividend payout ratio is 59.80%.

Wall Street Analysts Forecast Growth

ITW has been the topic of a number of research reports. Wolfe Research upped their target price on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research report on Friday, February 27th. The Goldman Sachs Group restated a “sell” rating and set a $254.00 target price on shares of Illinois Tool Works in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Wells Fargo & Company upped their target price on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research report on Monday, May 4th. Finally, Evercore cut their target price on shares of Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Illinois Tool Works currently has a consensus rating of “Reduce” and a consensus target price of $271.92.

Insider Activity at Illinois Tool Works

In related news, Director Jennifer F. Scanlon purchased 806 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average cost of $247.99 per share, with a total value of $199,879.94. Following the purchase, the director directly owned 1,652 shares in the company, valued at $409,679.48. The trade was a 95.27% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.83% of the stock is currently owned by company insiders.

Illinois Tool Works Company 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.