Northwestern Mutual Wealth Management Co. Acquires New Position in Illinois Tool Works Inc. $ITW

Northwestern Mutual Wealth Management Co. acquired a new position in Illinois Tool Works Inc. (NYSE:ITW) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,493 shares of the industrial products company’s stock, valued at approximately $6,625,000.

A number of other large investors also recently modified their holdings of the company. Cresta Advisors Ltd. bought a new stake in Illinois Tool Works in the 4th quarter valued at $25,000. Motiv8 Investments LLC bought a new position in shares of Illinois Tool Works during the 4th quarter valued at about $27,000. Kemnay Advisory Services Inc. purchased a new position in shares of Illinois Tool Works during the fourth quarter valued at about $27,000. Ares Financial Consulting LLC purchased a new position in shares of Illinois Tool Works during the fourth quarter valued at about $31,000. Finally, Wilkerson Advisory Group LLC increased its holdings in shares of Illinois Tool Works by 77.6% in the first quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Insider Activity at Illinois Tool Works

In other news, Director Ernest Scott Santi sold 41,431 shares of the company’s 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 owned 266,288 shares in the company, valued at $76,448,621.92. This represents a 13.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jennifer F. Scanlon acquired 806 shares of the stock in a transaction on Tuesday, June 2nd. The stock was bought at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the transaction, the director owned 1,652 shares in the company, valued at approximately $409,679.48. This represents a 95.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.83% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ITW shares. UBS Group reaffirmed a “neutral” rating and set a $300.00 price objective on shares of Illinois Tool Works in a report on Wednesday, July 29th. Wells Fargo & Company raised their price objective on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research note on Monday, May 4th. Robert W. Baird upped their target price on Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $254.00 target price on shares of Illinois Tool Works in a research note on Thursday, April 30th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $281.25.

Illinois Tool Works Stock Performance

ITW stock opened at $282.23 on Monday. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. The firm has a market cap of $80.38 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 4.77 and a beta of 0.99. 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 firm has a 50-day simple moving average of $278.00 and a two-hundred day simple moving average of $271.55.

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

Illinois Tool Works Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be issued a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.61. The ex-dividend date of this dividend is Wednesday, September 30th. Illinois Tool Works’s dividend payout ratio is presently 58.39%.

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.