Principal Financial Group Inc. Has $80.68 Million Holdings in Illinois Tool Works Inc. $ITW

Principal Financial Group Inc. grew its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 327,574 shares of the industrial products company’s stock after buying an additional 9,593 shares during the period. Principal Financial Group Inc.’s holdings in Illinois Tool Works were worth $80,681,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Lodestone Wealth Management LLC bought a new stake in Illinois Tool Works in the 4th quarter valued at $28,000. Beacon Financial Strategies CORP bought a new position in Illinois Tool Works during the fourth quarter worth $29,000. Ares Financial Consulting LLC acquired a new position in shares of Illinois Tool Works in the fourth quarter valued at $31,000. MTM Investment Management LLC raised its position in shares of Illinois Tool Works by 70.5% in the third quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 67 shares during the period. Finally, JFS Wealth Advisors LLC lifted its stake in shares of Illinois Tool Works by 22.3% during the 4th quarter. JFS Wealth Advisors LLC now owns 219 shares of the industrial products company’s stock worth $54,000 after buying an additional 40 shares during the last quarter. 79.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Citigroup upped their price target on shares of Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Monday, April 27th. Robert W. Baird set a $278.00 target price on Illinois Tool Works in a research report on Wednesday, February 4th. UBS Group reissued a “neutral” rating and set a $285.00 price target on shares of Illinois Tool Works in a report on Wednesday, February 4th. Finally, Truist Financial boosted their price target on Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $270.46.

Illinois Tool Works Stock Performance

Shares of NYSE:ITW opened at $255.45 on Friday. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15. The company’s 50 day moving average price is $268.73 and its two-hundred day moving average price is $262.06. The firm has a market cap of $73.59 billion, a PE ratio of 23.72, a PEG ratio of 4.48 and a beta of 1.04. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.09. The business 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 firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.38 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Equities research analysts predict that Illinois Tool Works Inc. will post 11.36 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st were given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Tuesday, March 31st. Illinois Tool Works’s dividend payout ratio is presently 59.80%.

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.