Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Stock Position in Illinois Tool Works Inc. $ITW

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in Illinois Tool Works Inc. (NYSE:ITW) by 10.9% in the fourth quarter, HoldingsChannel reports. The firm owned 57,412 shares of the industrial products company’s stock after selling 7,040 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Illinois Tool Works were worth $14,141,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. SlateStone Wealth LLC lifted its holdings in Illinois Tool Works by 4.5% during the 4th quarter. SlateStone Wealth LLC now owns 8,305 shares of the industrial products company’s stock worth $2,045,000 after buying an additional 357 shares during the last quarter. Prudential PLC increased its position in Illinois Tool Works by 71.0% in the 4th quarter. Prudential PLC now owns 33,038 shares of the industrial products company’s stock valued at $8,137,000 after acquiring an additional 13,716 shares during the period. Deseret Mutual Benefit Administrators increased its position in Illinois Tool Works by 6.1% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,518 shares of the industrial products company’s stock valued at $374,000 after acquiring an additional 87 shares during the period. Vise Technologies Inc. increased its position in Illinois Tool Works by 91.7% in the 4th quarter. Vise Technologies Inc. now owns 8,707 shares of the industrial products company’s stock valued at $2,144,000 after acquiring an additional 4,165 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in Illinois Tool Works by 1.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 46,294 shares of the industrial products company’s stock valued at $11,402,000 after acquiring an additional 830 shares during the period. 79.77% of the stock is owned by hedge funds and other institutional investors.

Illinois Tool Works Stock Up 0.5%

Shares of NYSE ITW opened at $252.48 on Friday. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15. The company has a market cap of $72.64 billion, a P/E ratio of 23.44, a P/E/G ratio of 4.34 and a beta of 1.01. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04. The stock has a fifty day moving average price of $258.67 and a 200 day moving average price of $262.46.

Illinois Tool Works (NYSE:ITW) last announced 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. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the firm earned $2.38 EPS. The firm’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. Research analysts anticipate that Illinois Tool Works Inc. will post 11.37 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

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

Analysts Set New Price Targets

ITW has been the topic of several recent analyst reports. Citigroup boosted their target price on Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. 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. Wells Fargo & Company upped their target price on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research note on Monday, May 4th. Weiss Ratings lowered Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Wolfe Research increased their price target on Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a research note on Friday, February 27th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, Illinois Tool Works has a consensus rating of “Reduce” and a consensus price target of $271.92.

Insider Transactions at Illinois Tool Works

In related news, Director Jennifer F. Scanlon purchased 806 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the acquisition, the director owned 1,652 shares in the company, valued at approximately $409,679.48. This trade represents a 95.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.83% of the company’s stock.

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.