Northwestern Mutual Wealth Management Co. Acquires 365,915 Shares of Illinois Tool Works Inc. $ITW

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 1,517.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 390,022 shares of the industrial products company’s stock after purchasing an additional 365,915 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Illinois Tool Works were worth $96,062,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ITW. Brighton Jones LLC boosted its stake in shares of Illinois Tool Works by 5.3% during the 4th quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company’s stock worth $1,399,000 after acquiring an additional 277 shares during the period. Bison Wealth LLC boosted its stake in shares of Illinois Tool Works by 2.3% during the 4th quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company’s stock worth $901,000 after acquiring an additional 81 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Illinois Tool Works by 20.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company’s stock worth $257,000 after acquiring an additional 177 shares during the period. Sei Investments Co. boosted its stake in shares of Illinois Tool Works by 22.0% during the 2nd quarter. Sei Investments Co. now owns 106,784 shares of the industrial products company’s stock worth $26,401,000 after acquiring an additional 19,248 shares during the period. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Illinois Tool Works by 2.2% during the 2nd quarter. Treasurer of the State of North Carolina now owns 136,884 shares of the industrial products company’s stock worth $33,845,000 after acquiring an additional 2,890 shares during the period. 79.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on ITW. JPMorgan Chase & Co. reduced their target price on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Barclays reduced their target price on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research note on Wednesday, April 1st. UBS Group reiterated a “neutral” rating and set a $285.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Robert W. Baird set a $278.00 price target on Illinois Tool Works in a research note on Wednesday, February 4th. Finally, Wells Fargo & Company boosted their price target on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $271.92.

Illinois Tool Works Stock Performance

ITW opened at $247.85 on Friday. The business has a fifty day simple moving average of $264.17 and a 200 day simple moving average of $261.91. The company has a market capitalization of $71.31 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 4.26 and a beta of 1.04. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.09. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Research analysts expect that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a $1.61 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.44 annualized dividend and a yield of 2.6%. Illinois Tool Works’s payout ratio is currently 59.80%.

Key Headlines Impacting Illinois Tool Works

Here are the key news stories impacting Illinois Tool Works this week:

• Positive Sentiment: Wells Fargo said demand trends for Illinois Tool Works are improving and lifted its price target to $255 from $245, even while keeping an Underweight rating. That suggests analysts see some near-term stabilization in the company’s short-cycle businesses. Wells Fargo Sees Improving Demand Trends for Illinois Tool Works (ITW)
• Neutral Sentiment: Zacks Research raised its FY2026 EPS estimate to $11.29 from $11.21 and nudged FY2028 to $13.27 from $13.21, implying confidence in longer-term earnings power. Illinois Tool Works estimate updates
• Neutral Sentiment: However, Zacks also trimmed several near- to mid-term earnings estimates, including Q2 2026, Q4 2026, Q1 2027, Q2 2027 and FY2027, which points to a softer short-term earnings outlook. Illinois Tool Works estimate updates
• Negative Sentiment: Wells Fargo kept an Underweight rating despite the higher target, and the stock has been trading well below its 50-day and 200-day moving averages, signaling ongoing investor caution. Wells Fargo Sees Improving Demand Trends for Illinois Tool Works (ITW)

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.