Illinois Tool Works Inc. $ITW Holdings Raised by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR increased its stake in Illinois Tool Works Inc. (NYSE:ITW) by 126.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,133 shares of the industrial products company’s stock after purchasing an additional 22,930 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Illinois Tool Works were worth $10,170,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Frazier Financial Advisors LLC bought a new stake in Illinois Tool Works during the second quarter worth approximately $25,000. von Borstel & Associates Inc. acquired a new position in shares of Illinois Tool Works during the 1st quarter valued at $26,000. SOA Wealth Advisors LLC. raised its stake in shares of Illinois Tool Works by 90.9% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 105 shares of the industrial products company’s stock worth $26,000 after buying an additional 50 shares in the last quarter. Saudi Central Bank acquired a new stake in shares of Illinois Tool Works in the first quarter valued at $29,000. Finally, 1248 Management LLC acquired a new position in Illinois Tool Works during the first quarter worth about $30,000. Institutional investors and hedge funds own 79.77% of the company’s stock.

Illinois Tool Works Price Performance

ITW opened at $248.20 on Wednesday. The firm has a market capitalization of $72.35 billion, a P/E ratio of 21.75, a PEG ratio of 5.41 and a beta of 1.10. The stock has a fifty day moving average of $260.70 and a 200-day moving average of $250.90. The company has a quick ratio of 1.15, a current ratio of 1.59 and a debt-to-equity ratio of 2.40. 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 posted its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.02. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.01 billion. Illinois Tool Works had a return on equity of 90.89% and a net margin of 21.31%.Illinois Tool Works’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.54 earnings per share. Illinois Tool Works has set its FY 2025 guidance at 10.350-10.550 EPS. Equities analysts forecast that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th were given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.6%. This is a positive change from Illinois Tool Works’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend was Tuesday, September 30th. Illinois Tool Works’s payout ratio is currently 56.44%.

Insider Buying and Selling

In related news, CAO Randall J. Scheuneman sold 6,802 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $265.08, for a total transaction of $1,803,074.16. Following the transaction, the chief accounting officer directly owned 10,314 shares of the company’s stock, valued at approximately $2,734,035.12. The trade was a 39.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

ITW has been the subject of several research reports. Citigroup raised their price objective on shares of Illinois Tool Works from $254.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Truist Financial raised their target price on shares of Illinois Tool Works from $283.00 to $298.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. UBS Group lifted their price target on shares of Illinois Tool Works from $243.00 to $255.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Evercore ISI set a $265.00 price objective on Illinois Tool Works and gave the company an “underperform” rating in a research report on Tuesday, August 19th. Finally, Barclays lifted their target price on Illinois Tool Works from $240.00 to $243.00 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $262.83.

About Illinois Tool Works

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.