National Pension Service Has $198.28 Million Stock Position in Illinois Tool Works Inc. $ITW

National Pension Service lifted its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 733,107 shares of the industrial products company’s stock after acquiring an additional 17,921 shares during the quarter. National Pension Service’s holdings in Illinois Tool Works were worth $198,283,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Engineers Gate Manager LP raised its holdings in Illinois Tool Works by 18.6% during the 2nd quarter. Engineers Gate Manager LP now owns 16,628 shares of the industrial products company’s stock worth $4,497,000 after purchasing an additional 2,611 shares during the last quarter. Cidel Asset Management Inc. boosted its stake in shares of Illinois Tool Works by 7.4% in the 2nd quarter. Cidel Asset Management Inc. now owns 1,776 shares of the industrial products company’s stock valued at $480,000 after purchasing an additional 122 shares during the last quarter. SVB Wealth LLC grew its position in shares of Illinois Tool Works by 690.8% during the 2nd quarter. SVB Wealth LLC now owns 14,045 shares of the industrial products company’s stock worth $3,799,000 after buying an additional 12,269 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Illinois Tool Works by 1.2% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 20,071 shares of the industrial products company’s stock worth $5,428,000 after buying an additional 235 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in Illinois Tool Works by 21.0% in the second quarter. Integrated Wealth Concepts LLC now owns 15,919 shares of the industrial products company’s stock valued at $4,306,000 after buying an additional 2,763 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Stock Up 0.5%

Shares of NYSE ITW opened at $265.24 on Friday. Illinois Tool Works Inc. has a 52-week low of $238.82 and a 52-week high of $303.15. 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 stock has a market cap of $75.54 billion, a P/E ratio of 24.05, a P/E/G ratio of 3.58 and a beta of 0.98. The firm has a 50 day moving average price of $280.16 and a 200 day moving average price of $269.63.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.04. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $2.58 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. Analysts expect that Illinois Tool Works Inc. will post 11.45 EPS for the current year.

Illinois Tool Works Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $1.72 per share. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 annualized dividend and a yield of 2.6%. The ex-dividend date is Wednesday, September 30th. Illinois Tool Works’s dividend payout ratio is presently 58.39%.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, Director Ernest Santi sold 41,431 shares of the 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 completion of the sale, the director directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matteo Pigozzo sold 277 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $289.22, for a total value of $80,113.94. Following the completion of the transaction, the chief accounting officer owned 3,394 shares of the company’s stock, valued at $981,612.68. This represents a 7.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ITW has been the topic of a number of recent research reports. Wolfe Research reaffirmed an “underperform” rating and issued a $286.00 price objective on shares of Illinois Tool Works in a research note on Thursday, July 9th. UBS Group reissued a “neutral” rating and issued a $300.00 price target on shares of Illinois Tool Works in a research note on Wednesday, July 29th. Robert W. Baird raised their price target on Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Weiss Ratings raised Illinois Tool Works from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. upped their price objective on Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $281.25.

Illinois Tool Works Profile

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces specialized equipment, components, consumables and related solutions for businesses worldwide. Its products are used across industries including automotive, food service, construction, electronics, welding and general manufacturing.

The company operates through several business segments, including Automotive, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products.