Mediolanum International Funds Ltd Sells 5,150 Shares of Illinois Tool Works Inc. $ITW

Mediolanum International Funds Ltd trimmed its stake in Illinois Tool Works Inc. (NYSE:ITW) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,132 shares of the industrial products company’s stock after selling 5,150 shares during the period. Mediolanum International Funds Ltd’s holdings in Illinois Tool Works were worth $29,496,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Illinois Tool Works in the fourth quarter worth about $808,351,000. Auto Owners Insurance Co grew its holdings in shares of Illinois Tool Works by 24,530.0% during the 4th quarter. Auto Owners Insurance Co now owns 628,065 shares of the industrial products company’s stock worth $15,469,000 after acquiring an additional 625,515 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Illinois Tool Works by 1,517.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 390,022 shares of the industrial products company’s stock worth $96,062,000 after acquiring an additional 365,915 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Illinois Tool Works by 11.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,311,357 shares of the industrial products company’s stock valued at $815,587,000 after purchasing an additional 353,056 shares during the period. Finally, Caisse de depot et placement du Quebec lifted its stake in shares of Illinois Tool Works by 293.0% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 424,547 shares of the industrial products company’s stock valued at $110,705,000 after purchasing an additional 316,512 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Stock Performance

Illinois Tool Works stock opened at $276.19 on Friday. 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 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. The company has a market capitalization of $79.46 billion, a P/E ratio of 25.64, a PEG ratio of 4.74 and a beta of 1.00. The stock’s 50 day moving average is $259.88 and its 200 day moving average is $266.03.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the previous year, the business earned $2.38 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. On average, equities research analysts predict that Illinois Tool Works Inc. will post 11.37 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were given a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Illinois Tool Works’s payout ratio is currently 59.80%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Citigroup reaffirmed a “neutral” rating on shares of Illinois Tool Works in a research note on Monday, July 13th. Wells Fargo & Company raised their price objective on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research report on Monday, May 4th. Evercore dropped their target price on shares of Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Weiss Ratings lowered shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Truist Financial lifted their price target on shares of Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. One equities 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. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $274.00.

Insider Activity

In other news, Director Jennifer F. Scanlon purchased 806 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the purchase, the director directly owned 1,652 shares in the company, valued at approximately $409,679.48. This trade represents a 95.27% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.83% of the stock is currently owned by corporate insiders.

Illinois Tool Works Company 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.