Illinois Tool Works Inc. $ITW Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 9.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 181,866 shares of the industrial products company’s stock after acquiring an additional 15,485 shares during the quarter. Russell Investments Group Ltd.’s holdings in Illinois Tool Works were worth $47,449,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Corsicana & Co. acquired a new stake in Illinois Tool Works during the 3rd quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Illinois Tool Works in the 2nd quarter valued at approximately $31,000. Vermillion & White Wealth Management Group LLC raised its position in shares of Illinois Tool Works by 103.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 124 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 63 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of Illinois Tool Works by 341.9% during the 3rd quarter. True Wealth Design LLC now owns 137 shares of the industrial products company’s stock valued at $36,000 after buying an additional 106 shares during the last quarter. Finally, MTM Investment Management LLC grew its position in shares of Illinois Tool Works by 70.5% during the third quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock worth $42,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Insider Transactions at Illinois Tool Works

In related news, EVP Axel Beck sold 4,223 shares of the business’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 transaction of $1,225,599.06. Following the completion of the transaction, the executive vice president owned 5,789 shares in the company, valued at $1,680,083.58. The trade was a 42.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the transaction, the director directly owned 258,766 shares of the company’s stock, valued at approximately $75,282,792.38. This trade represents a 39.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

ITW has been the topic of several recent analyst reports. Wells Fargo & Company upped their price target on shares of Illinois Tool Works from $250.00 to $270.00 and gave the company an “underweight” rating in a report on Wednesday, February 4th. Citigroup raised their price objective on shares of Illinois Tool Works from $271.00 to $284.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Truist Financial boosted their target price 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. UBS Group reaffirmed a “neutral” rating and set a $285.00 price target on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Finally, Wolfe Research lifted 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. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $275.69.

Illinois Tool Works Stock Performance

Illinois Tool Works stock opened at $271.60 on Thursday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.21 and a quick ratio of 0.89. Illinois Tool Works Inc. has a 12 month low of $214.66 and a 12 month high of $303.15. The company has a fifty day moving average price of $274.46 and a two-hundred day moving average price of $260.68. The company has a market cap of $78.27 billion, a PE ratio of 25.89, a P/E/G ratio of 14.63 and a beta of 1.13.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share 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 company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.07 billion. During the same period in the prior year, the company earned $2.54 earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Research analysts expect that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 31st will be paid a dividend of $1.61 per share. The ex-dividend date is Tuesday, March 31st. This represents a $6.44 annualized dividend and a yield of 2.4%. Illinois Tool Works’s dividend payout ratio is 61.39%.

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.