Groupe la Francaise Has $7.59 Million Stock Position in Illinois Tool Works Inc. $ITW

Groupe la Francaise raised its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 7.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,148 shares of the industrial products company’s stock after purchasing an additional 2,087 shares during the period. Groupe la Francaise’s holdings in Illinois Tool Works were worth $7,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ITW. Western Wealth Management LLC increased its stake in shares of Illinois Tool Works by 5.6% in the 1st quarter. Western Wealth Management LLC now owns 2,043 shares of the industrial products company’s stock valued at $532,000 after acquiring an additional 109 shares during the last quarter. Paragon Private Wealth Management LLC boosted its stake in Illinois Tool Works by 3.8% during the 1st quarter. Paragon Private Wealth Management LLC now owns 5,574 shares of the industrial products company’s stock worth $1,451,000 after acquiring an additional 206 shares during the last quarter. Bank of America Corp DE boosted its stake in Illinois Tool Works by 2.5% during the 1st quarter. Bank of America Corp DE now owns 3,005,659 shares of the industrial products company’s stock worth $782,343,000 after acquiring an additional 72,951 shares during the last quarter. Kentucky Retirement Systems grew its holdings in Illinois Tool Works by 83.2% during the first quarter. Kentucky Retirement Systems now owns 33,712 shares of the industrial products company’s stock valued at $8,775,000 after purchasing an additional 15,315 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Illinois Tool Works by 8.2% in the first quarter. Janus Henderson Group PLC now owns 37,062 shares of the industrial products company’s stock valued at $9,645,000 after purchasing an additional 2,817 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

Wall Street Analyst Weigh In

ITW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Illinois Tool Works from $310.00 to $350.00 and gave the stock an “overweight” rating in a report on Wednesday. Robert W. Baird increased their target price on Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a report on Wednesday. Evercore dropped their price target on Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. UBS Group restated a “neutral” rating and issued a $300.00 price target on shares of Illinois Tool Works in a report on Wednesday. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $254.00 price objective on shares of Illinois Tool Works in a research report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $281.25.

Illinois Tool Works Trading Up 1.3%

Illinois Tool Works stock opened at $287.51 on Friday. The company has a market cap of $82.72 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 4.83 and a beta of 1.00. The firm has a 50-day moving average of $266.31 and a 200-day moving average of $268.26. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.11 and a quick ratio of 0.86. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15.

Illinois Tool Works (NYSE:ITW) last released 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 company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the prior year, the firm posted $2.58 EPS. The firm’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 expect that Illinois Tool Works Inc. will post 11.47 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Illinois Tool Works’s payout ratio is 58.39%.

Insider Activity at Illinois Tool Works

In related news, Director Jennifer F. Scanlon acquired 806 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the transaction, the director directly owned 1,652 shares of the company’s stock, valued at approximately $409,679.48. The trade was a 95.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.83% of the stock is currently owned by corporate insiders.

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.