M&T Bank Corp Increases Stock Position in Illinois Tool Works Inc. $ITW

M&T Bank Corp increased its position in Illinois Tool Works Inc. (NYSE:ITW) by 131.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 99,906 shares of the industrial products company’s stock after purchasing an additional 56,821 shares during the period. M&T Bank Corp’s holdings in Illinois Tool Works were worth $24,607,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC purchased a new position in Illinois Tool Works in the 4th quarter worth approximately $28,000. Beacon Financial Strategies CORP purchased a new position in Illinois Tool Works in the 4th quarter worth approximately $29,000. True Wealth Design LLC grew its position in Illinois Tool Works by 341.9% in the 3rd quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 106 shares during the period. MTM Investment Management LLC grew its position in Illinois Tool Works by 70.5% in the 3rd quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 67 shares during the period. Finally, Financial Consulate Inc. bought a new stake in Illinois Tool Works in the 3rd quarter worth approximately $43,000. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ITW shares. JPMorgan Chase & Co. cut their target price on shares of Illinois Tool Works from $327.00 to $303.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $253.00 target price on shares of Illinois Tool Works in a research report on Tuesday, February 3rd. Citigroup lifted their target price on shares of 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, UBS Group reaffirmed a “neutral” rating and issued a $285.00 target price on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Two 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. Based on data from MarketBeat.com, Illinois Tool Works presently has a consensus rating of “Reduce” and a consensus target price of $270.00.

Illinois Tool Works Trading Down 1.5%

Shares of ITW stock opened at $267.11 on Thursday. Illinois Tool Works Inc. has a 1 year low of $228.76 and a 1 year high of $303.15. The firm has a fifty day moving average price of $274.52 and a 200-day moving average price of $261.07. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. The company has a market cap of $76.95 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 4.87 and a beta of 1.13.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.07 billion. During the same quarter in the previous year, the firm posted $2.54 EPS. 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. As a group, equities analysts predict that Illinois Tool Works Inc. will post 11.26 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st were given a dividend of $1.61 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.4%. Illinois Tool Works’s payout ratio is presently 61.39%.

Insiders Place Their Bets

In other news, Director Ernest Scott Santi sold 167,345 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were 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 owned 258,766 shares of the company’s stock, valued at $75,282,792.38. The trade was a 39.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Axel Beck sold 4,223 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the sale, the executive vice president directly owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. The trade was a 42.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.83% of the company’s stock.

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.