Quantbot Technologies LP Makes New $3.06 Million Investment in Illinois Tool Works Inc. $ITW

Quantbot Technologies LP purchased a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,739 shares of the industrial products company’s stock, valued at approximately $3,061,000.

Other institutional investors have also recently bought and sold shares of the company. Northcape Wealth Management LLC boosted its holdings in Illinois Tool Works by 2.1% in the second quarter. Northcape Wealth Management LLC now owns 1,922 shares of the industrial products company’s stock valued at $475,000 after acquiring an additional 40 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in Illinois Tool Works by 4.2% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 988 shares of the industrial products company’s stock valued at $244,000 after purchasing an additional 40 shares during the period. Everpar Advisors LLC boosted its stake in shares of Illinois Tool Works by 1.7% in the 3rd quarter. Everpar Advisors LLC now owns 2,574 shares of the industrial products company’s stock valued at $671,000 after purchasing an additional 42 shares during the last quarter. EPG Wealth Management LLC grew its position in shares of Illinois Tool Works by 1.1% during the 2nd quarter. EPG Wealth Management LLC now owns 3,893 shares of the industrial products company’s stock worth $963,000 after buying an additional 43 shares during the period. Finally, Confluence Wealth Services Inc. raised its stake in shares of Illinois Tool Works by 1.0% during the third quarter. Confluence Wealth Services Inc. now owns 4,171 shares of the industrial products company’s stock worth $1,087,000 after buying an additional 43 shares during the last quarter. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Trading Up 0.2%

NYSE:ITW opened at $291.13 on Tuesday. The company has a market cap of $83.90 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 15.56 and a beta of 1.15. Illinois Tool Works Inc. has a twelve month low of $214.66 and a twelve month high of $303.15. The business has a 50 day moving average price of $270.53 and a two-hundred day moving average price of $259.84. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 2.07.

Illinois Tool Works (NYSE:ITW) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.03. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same quarter in the previous year, the firm posted $2.54 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. As a group, analysts expect that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is currently 61.39%.

Insider Activity

In other Illinois Tool Works news, Director Ernest Scott Santi sold 167,345 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $290.93, for a total value of $48,685,680.85. Following the completion of the transaction, the director directly owned 258,766 shares in the company, valued at $75,282,792.38. This trade represents a 39.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Axel Beck sold 4,223 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $290.22, for a total value of $1,225,599.06. Following the sale, the executive vice president owned 5,789 shares in the company, valued at approximately $1,680,083.58. This represents a 42.18% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on ITW. Weiss Ratings reiterated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. The Goldman Sachs Group restated a “sell” rating and set a $253.00 target price on shares of Illinois Tool Works in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. increased their price target on shares of Illinois Tool Works from $275.00 to $310.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Wells Fargo & Company lifted their price objective on shares of Illinois Tool Works from $250.00 to $270.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 4th. Finally, Citigroup upped their target price on shares of Illinois Tool Works from $271.00 to $284.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Illinois Tool Works has a consensus rating of “Reduce” and a consensus price target of $274.38.

About Illinois Tool Works

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.