Illinois Tool Works Inc. $ITW Stock: Machina Capital S.A.S. Boosts Holdings

Machina Capital S.A.S. boosted its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 125.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,901 shares of the industrial products company’s stock after acquiring an additional 11,621 shares during the quarter. Illinois Tool Works accounts for about 0.7% of Machina Capital S.A.S.’s portfolio, making the stock its 19th largest position. Machina Capital S.A.S.’s holdings in Illinois Tool Works were worth $5,377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ITW. Putney Financial Group LLC bought a new position in shares of Illinois Tool Works during the third quarter valued at $26,000. Continuum Advisory LLC acquired a new stake in Illinois Tool Works in the second quarter valued at $29,000. Physician Wealth Advisors Inc. increased its holdings in Illinois Tool Works by 77.8% in the third quarter. Physician Wealth Advisors Inc. now owns 112 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 49 shares during the period. Wilkerson Advisory Group LLC raised its position in Illinois Tool Works by 77.6% during the 1st 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. Finally, Global Assets Advisory LLC bought a new position in Illinois Tool Works during the 1st quarter worth $32,000. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Top Illinois Tool Works Stories

Here are a few of the latest stories about ITW:

• Negative Sentiment: Zacks cut its FY2027 EPS estimate to $12.21 from $12.33 and its FY2028 estimate to $13.08 from $13.20. It also reduced forecasts for several quarters, including Q3 2027 ($3.17 from $3.27) and Q3 2028 ($3.39 from $3.48). The revisions could pressure sentiment, although the new annual estimates still imply higher earnings in 2027 and 2028 than the cited current-year consensus of $11.49. Illinois Tool Works analyst estimates

Insider Buying and Selling at Illinois Tool Works

In other news, Director Ernest Santi sold 60,000 shares of Illinois Tool Works stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $292.87, for a total value of $17,572,200.00. Following the completion of the transaction, the director directly owned 266,333 shares of the company’s stock, valued at approximately $78,000,945.71. This trade represents a 18.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings raised Illinois Tool Works from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 28th. Robert W. Baird upped their price target on Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Deutsche Bank decreased their price target on Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating for the company in a research note on Wednesday, September 30th. Truist Financial restated a “hold” rating and set a $293.00 price objective (down from $297.00) on shares of Illinois Tool Works in a research report on Wednesday, October 28th. Finally, UBS Group set a $277.00 price objective on Illinois Tool Works in a research note on Friday, October 9th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, Illinois Tool Works presently has a consensus rating of “Reduce” and a consensus price target of $276.33.

Illinois Tool Works Trading Up 0.1%

ITW opened at $288.44 on Thursday. Illinois Tool Works Inc. has a twelve month low of $238.82 and a twelve month high of $303.15. The company has a quick ratio of 0.94, a current ratio of 1.29 and a debt-to-equity ratio of 2.28. The company has a fifty day moving average of $272.60 and a 200-day moving average of $271.83. The stock has a market cap of $81.97 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 3.16 and a beta of 0.92.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Tuesday, October 27th. The industrial products company reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.03. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 103.35%. Illinois Tool Works’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.81 earnings per share. On average, sell-side analysts predict that Illinois Tool Works Inc. will post 11.49 EPS for the current year.

Illinois Tool Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be issued a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, December 31st. Illinois Tool Works’s dividend payout ratio (DPR) is presently 61.32%.

About Illinois Tool Works

Illinois Tool Works Inc. (NYSE: ITW) is a diversified manufacturer serving industrial and commercial customers around the world. Founded in 1912, the company is known for its decentralized operating model and focus on specialized products and solutions. ITW’s businesses make products and equipment for a range of markets, including automotive, food service, construction, welding, and testing and measurement. Its offerings include food-service equipment, welding systems and consumables, automotive components, construction products, polymers and fluids, and laboratory and electronics testing equipment.