Fideuram Asset Management Ireland dac Invests $857,000 in Illinois Tool Works Inc. $ITW

Fideuram Asset Management Ireland dac purchased a new position in shares of Illinois Tool Works Inc. (NYSE:ITW) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 3,265 shares of the industrial products company’s stock, valued at approximately $857,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Illinois Tool Works by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 26,887,218 shares of the industrial products company’s stock worth $6,622,322,000 after purchasing an additional 189,229 shares during the period. Geode Capital Management LLC grew its stake in shares of Illinois Tool Works by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 6,944,651 shares of the industrial products company’s stock worth $1,709,734,000 after purchasing an additional 184,301 shares during the period. Capital Research Global Investors grew its stake in shares of Illinois Tool Works by 3.0% during the 3rd quarter. Capital Research Global Investors now owns 4,493,555 shares of the industrial products company’s stock worth $1,171,740,000 after purchasing an additional 131,702 shares during the period. Fisher Asset Management LLC grew its stake in shares of Illinois Tool Works by 1.5% during the 4th quarter. Fisher Asset Management LLC now owns 3,705,081 shares of the industrial products company’s stock worth $912,562,000 after purchasing an additional 54,519 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Illinois Tool Works by 1.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,587,639 shares of the industrial products company’s stock worth $674,871,000 after purchasing an additional 33,171 shares during the period. 79.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ITW. Citigroup upped their price target on shares of Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $254.00 price target on shares of Illinois Tool Works in a research note on Thursday, April 30th. UBS Group reaffirmed a “neutral” rating and set a $285.00 price target on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Truist Financial boosted their price objective on shares of Illinois Tool Works from $275.00 to $280.00 and gave the stock a “hold” rating in a research report on Wednesday, February 4th. Finally, Barclays decreased their price objective on shares of Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 1st. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $271.92.

Illinois Tool Works Price Performance

Illinois Tool Works stock opened at $247.11 on Friday. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The company has a quick ratio of 0.86, a current ratio of 1.19 and a debt-to-equity ratio of 2.04. The firm’s 50-day simple moving average is $259.94 and its 200 day simple moving average is $262.28. The firm has a market capitalization of $71.09 billion, a PE ratio of 22.94, a P/E/G ratio of 4.25 and a beta of 1.04.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, topping the consensus estimate 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 business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the firm earned $2.38 EPS. The business’s revenue for the quarter 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. On average, equities research analysts predict that Illinois Tool Works Inc. will post 11.37 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

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