AG2R LA Mondiale Gestion D Actifs Buys Shares of 11,141 Illinois Tool Works Inc. $ITW

AG2R LA Mondiale Gestion D Actifs bought a new stake in Illinois Tool Works Inc. (NYSE:ITW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,141 shares of the industrial products company’s stock, valued at approximately $2,730,000.

A number of other institutional investors also recently made changes to their positions in ITW. GAMMA Investing LLC raised its position in shares of Illinois Tool Works by 26,372.8% in the 1st quarter. GAMMA Investing LLC now owns 2,065,675 shares of the industrial products company’s stock valued at $5,123,080,000 after purchasing an additional 2,057,872 shares in the last quarter. Auto Owners Insurance Co raised its position in shares of Illinois Tool Works by 55,978.4% in the 1st quarter. Auto Owners Insurance Co now owns 1,430,000 shares of the industrial products company’s stock valued at $354,654,000 after purchasing an additional 1,427,450 shares in the last quarter. Nuveen LLC acquired a new position in shares of Illinois Tool Works in the 1st quarter valued at approximately $293,928,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Illinois Tool Works by 11.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,059,119 shares of the industrial products company’s stock valued at $522,110,000 after purchasing an additional 209,671 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Illinois Tool Works during the 4th quarter valued at approximately $47,254,000. 79.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ITW shares. UBS Group upped their price target on Illinois Tool Works from $243.00 to $255.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Stifel Nicolaus upped their price target on Illinois Tool Works from $255.00 to $261.00 and gave the company a “hold” rating in a research report on Thursday, July 31st. Citigroup upped their price target on Illinois Tool Works from $254.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Evercore ISI set a $265.00 price target on Illinois Tool Works and gave the company an “underperform” rating in a research report on Tuesday, August 19th. Finally, Truist Financial lowered Illinois Tool Works from a “buy” rating to a “hold” rating and set a $283.00 price target on the stock. in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $260.67.

Illinois Tool Works Price Performance

Shares of ITW opened at $263.41 on Friday. The company has a market cap of $76.78 billion, a P/E ratio of 23.09, a PEG ratio of 5.75 and a beta of 1.10. The stock has a fifty day moving average price of $260.68 and a 200 day moving average price of $250.88. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.59 and a quick ratio of 1.15. Illinois Tool Works Inc. has a 12 month low of $214.66 and a 12 month high of $279.13.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.02. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.01 billion. Illinois Tool Works had a return on equity of 90.89% and a net margin of 21.31%.The firm’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $2.54 EPS. Illinois Tool Works has set its FY 2025 guidance at 10.350-10.550 EPS. On average, research analysts forecast that Illinois Tool Works Inc. will post 10.39 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 30th will be paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, September 30th. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.50. Illinois Tool Works’s dividend payout ratio (DPR) is currently 52.59%.

Illinois Tool Works Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.