Illinois Tool Works Inc. $ITW Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in Illinois Tool Works Inc. (NYSE:ITW) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,244 shares of the industrial products company’s stock after acquiring an additional 2,511 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of Illinois Tool Works worth $39,468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ITW. Lodestone Wealth Management LLC purchased a new stake in shares of Illinois Tool Works in the fourth quarter valued at about $28,000. Beacon Financial Strategies CORP acquired a new position in shares of Illinois Tool Works in the fourth quarter valued at approximately $29,000. True Wealth Design LLC raised its position in shares of Illinois Tool Works by 341.9% in the third 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. MTM Investment Management LLC raised its position in shares of Illinois Tool Works by 70.5% in the third quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock valued at $42,000 after buying an additional 67 shares during the last quarter. Finally, Financial Consulate Inc. acquired a new position in shares of Illinois Tool Works in the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Insider Buying and Selling

In other news, EVP Axel Beck sold 4,223 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $290.22, for a total transaction of $1,225,599.06. Following the completion of the sale, the executive vice president owned 5,789 shares of the company’s stock, valued at approximately $1,680,083.58. This trade represents a 42.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the sale, the director directly owned 258,766 shares of the company’s stock, valued at $75,282,792.38. The trade was a 39.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ITW has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Illinois Tool Works from $327.00 to $303.00 and set an “overweight” rating for the company in a report on Friday, April 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a report on Wednesday, January 28th. Citigroup lifted their price target on shares of Illinois Tool Works from $271.00 to $284.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Truist Financial lifted their price target on shares of Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research report on Wednesday, February 4th. Finally, Wolfe Research lifted their price target on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an “underperform” rating in a research report on Friday, February 27th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Illinois Tool Works has an average rating of “Reduce” and a consensus target price of $270.00.

Illinois Tool Works Trading Up 2.4%

ITW opened at $273.48 on Friday. The firm has a market capitalization of $78.78 billion, a P/E ratio of 26.07, a P/E/G ratio of 4.80 and a beta of 1.13. The firm’s 50 day moving average is $274.03 and its 200-day moving average is $261.16. Illinois Tool Works Inc. has a 52-week low of $228.76 and a 52-week high of $303.15. The company has a quick ratio of 0.89, a current ratio of 1.21 and a debt-to-equity ratio of 2.07.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.03. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.07 billion. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Analysts expect that Illinois Tool Works Inc. will post 11.26 EPS for the current fiscal year.

Illinois Tool Works Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st were given a dividend of $1.61 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.4%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 61.39%.

Illinois Tool Works 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.