Corient Private Wealth LP Raises Holdings in Illinois Tool Works Inc. $ITW

Corient Private Wealth LP boosted its position in Illinois Tool Works Inc. (NYSE:ITW) by 112.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 524,153 shares of the industrial products company’s stock after acquiring an additional 277,594 shares during the quarter. Corient Private Wealth LP owned 0.18% of Illinois Tool Works worth $141,768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. AG acquired a new stake in Illinois Tool Works in the 2nd quarter valued at $5,017,000. Sanctuary Advisors LLC acquired a new position in shares of Illinois Tool Works during the second quarter worth about $14,028,000. Strs Ohio boosted its position in shares of Illinois Tool Works by 20.5% in the fourth quarter. Strs Ohio now owns 83,263 shares of the industrial products company’s stock worth $20,508,000 after buying an additional 14,186 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Illinois Tool Works by 3.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 586,906 shares of the industrial products company’s stock worth $146,433,000 after buying an additional 21,481 shares during the period. Finally, Pacific Heights Asset Management LLC grew its stake in shares of Illinois Tool Works by 15.0% in the fourth quarter. Pacific Heights Asset Management LLC now owns 115,000 shares of the industrial products company’s stock valued at $28,324,000 after buying an additional 15,000 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ITW has been the topic of several recent research reports. Wells Fargo & Company boosted their price target on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research report on Monday, May 4th. Wolfe Research reaffirmed an “underperform” rating and issued a $286.00 price objective on shares of Illinois Tool Works in a research report on Thursday, July 9th. Evercore reduced their target price on shares of Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. UBS Group restated a “neutral” rating and issued a $300.00 target price on shares of Illinois Tool Works in a research note on Wednesday, July 29th. Finally, Truist Financial raised their price target on shares of Illinois Tool Works from $280.00 to $301.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Illinois Tool Works currently has an average rating of “Reduce” and an average target price of $281.25.

Insider Activity

In other news, CAO Matteo C. Pigozzo sold 277 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total value of $80,113.94. Following the completion of the sale, the chief accounting officer directly owned 3,394 shares in the company, valued at approximately $981,612.68. The trade was a 7.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jennifer F. Scanlon purchased 806 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were 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 owned 1,652 shares in the company, valued at approximately $409,679.48. This represents a 95.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.83% of the company’s stock.

Illinois Tool Works Trading Up 1.4%

Shares of ITW opened at $285.54 on Thursday. The company has a market capitalization of $81.32 billion, a P/E ratio of 25.89, a P/E/G ratio of 4.76 and a beta of 0.99. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. 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 stock has a 50-day moving average price of $279.22 and a 200 day moving average price of $271.52.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the previous year, the business earned $2.58 EPS. Illinois Tool Works’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. Sell-side analysts forecast 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. Shareholders of record on Wednesday, September 30th will be issued a dividend of $1.72 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.88 annualized dividend and a yield of 2.4%. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s dividend payout ratio (DPR) is 58.39%.

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.