Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in Illinois Tool Works Inc. $ITW

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Illinois Tool Works Inc. (NYSE:ITW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 668,224 shares of the industrial products company’s stock, valued at approximately $180,734,000.

A number of other large investors have also modified their holdings of the stock. OneDigital Investment Advisors LLC purchased a new stake in shares of Illinois Tool Works during the second quarter worth $731,000. Plato Investment Management Ltd acquired a new position in Illinois Tool Works during the 2nd quarter worth $3,582,000. Bell Investment Advisors Inc acquired a new position in Illinois Tool Works during the 2nd quarter worth $286,000. AMG National Trust Bank purchased a new stake in Illinois Tool Works during the 2nd quarter worth about $2,214,000. Finally, Compass Capital Management Inc. acquired a new stake in Illinois Tool Works in the 2nd quarter valued at about $54,237,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ITW shares. Robert W. Baird boosted their price objective on Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Evercore reduced their target price on shares of Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. JPMorgan Chase & Co. lifted their price target on shares of Illinois Tool Works from $310.00 to $350.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Truist Financial boosted their price target on shares of Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Finally, Citigroup restated a “neutral” rating on shares of Illinois Tool Works in a report on Monday, July 13th. Two investment 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. According to MarketBeat.com, Illinois Tool Works currently has an average rating of “Reduce” and an average target price of $281.25.

Illinois Tool Works Trading Down 1.1%

ITW opened at $287.63 on Tuesday. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. The company has a market cap of $81.92 billion, a P/E ratio of 26.08, a PEG ratio of 4.91 and a beta of 0.99. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.81 and a current ratio of 1.11. The business’s 50-day simple moving average is $275.71 and its 200-day simple moving average is $270.94.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.04. The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.58 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, equities research analysts expect that Illinois Tool Works Inc. will post 11.45 EPS for the current fiscal year.

Illinois Tool Works Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be given a dividend of $1.72 per share. The ex-dividend date is Wednesday, September 30th. This represents a $6.88 annualized dividend and a dividend yield of 2.4%. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s payout ratio is presently 58.39%.

Insider Buying and Selling at Illinois Tool Works

In related news, Director Jennifer F. Scanlon bought 806 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the acquisition, the director owned 1,652 shares in the company, valued at approximately $409,679.48. This represents a 95.27% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Matteo C. Pigozzo sold 277 shares of Illinois Tool Works stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total transaction of $80,113.94. Following the sale, the chief accounting officer owned 3,394 shares in the company, valued at $981,612.68. This represents a 7.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.83% of the company’s stock.

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.