Swedbank AB Acquires 10,609 Shares of Illinois Tool Works Inc. $ITW

Swedbank AB boosted its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 12.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,964 shares of the industrial products company’s stock after acquiring an additional 10,609 shares during the quarter. Swedbank AB’s holdings in Illinois Tool Works were worth $23,390,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cresta Advisors Ltd. bought a new stake in shares of Illinois Tool Works in the 4th quarter valued at $25,000. Lodestone Wealth Management LLC bought a new stake in shares of Illinois Tool Works in the 4th quarter valued at $28,000. Beacon Financial Strategies CORP bought a new stake in shares of Illinois Tool Works in the 4th quarter valued at $29,000. Ares Financial Consulting LLC bought a new stake in shares of Illinois Tool Works in the 4th quarter valued at $31,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Illinois Tool Works in the 4th quarter valued at $39,000. 79.77% of the stock is owned by institutional investors.

Illinois Tool Works Stock Up 0.1%

Illinois Tool Works stock opened at $252.34 on Tuesday. 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 Inc. has a 12-month low of $238.82 and a 12-month high of $303.15. The firm’s fifty day moving average is $261.28 and its 200 day moving average is $262.28. The company has a market capitalization of $72.60 billion, a PE ratio of 23.43, a PEG ratio of 4.33 and a beta of 1.04.

Illinois Tool Works (NYSE:ITW) last released its earnings results 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 net margin of 19.32% and a return on equity of 97.36%. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the company earned $2.38 EPS. Illinois Tool Works’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. As a group, sell-side analysts predict that Illinois Tool Works Inc. will post 11.37 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, June 30th. Illinois Tool Works’s payout ratio is presently 59.80%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wolfe Research upped their price objective on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research note on Friday, February 27th. UBS Group reaffirmed a “neutral” rating and issued a $285.00 price objective on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Evercore reduced their price objective on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. JPMorgan Chase & Co. reduced their price objective on shares of Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Finally, Citigroup upped their price objective 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, May 4th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Illinois Tool Works presently has a consensus rating of “Reduce” and an average target price of $271.92.

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.