DNB Asset Management AS Buys 22,985 Shares of Illinois Tool Works Inc. $ITW

DNB Asset Management AS boosted its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 27.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 107,172 shares of the industrial products company’s stock after buying an additional 22,985 shares during the period. DNB Asset Management AS’s holdings in Illinois Tool Works were worth $26,396,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. AE Wealth Management LLC boosted its position in Illinois Tool Works by 128.4% during the 3rd quarter. AE Wealth Management LLC now owns 9,128 shares of the industrial products company’s stock valued at $2,380,000 after acquiring an additional 5,131 shares in the last quarter. Siemens Fonds Invest GmbH boosted its position in Illinois Tool Works by 70.1% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 18,226 shares of the industrial products company’s stock valued at $4,753,000 after acquiring an additional 7,508 shares in the last quarter. Madison Asset Management LLC boosted its position in shares of Illinois Tool Works by 411.8% in the 3rd quarter. Madison Asset Management LLC now owns 87,875 shares of the industrial products company’s stock worth $22,914,000 after purchasing an additional 70,704 shares in the last quarter. Mediolanum International Funds Ltd boosted its position in shares of Illinois Tool Works by 10.4% in the 3rd quarter. Mediolanum International Funds Ltd now owns 103,161 shares of the industrial products company’s stock worth $26,964,000 after purchasing an additional 9,738 shares in the last quarter. Finally, Huntleigh Advisors Inc. boosted its position in shares of Illinois Tool Works by 111.2% in the 3rd quarter. Huntleigh Advisors Inc. now owns 16,276 shares of the industrial products company’s stock worth $4,244,000 after purchasing an additional 8,569 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Trading Down 1.2%

NYSE:ITW opened at $247.85 on Friday. Illinois Tool Works Inc. has a 12 month low of $238.82 and a 12 month high of $303.15. The firm has a fifty day simple moving average of $264.17 and a 200-day simple moving average of $261.91. 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 company has a market capitalization of $71.31 billion, a P/E ratio of 23.01, a PEG ratio of 4.26 and a beta of 1.04.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, topping the consensus estimate of $2.57 by $0.09. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the firm posted $2.38 earnings per share. The business’s revenue for the quarter 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. On average, equities research analysts anticipate that Illinois Tool Works Inc. will post 11.37 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

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

Illinois Tool Works News Summary

Here are the key news stories impacting Illinois Tool Works this week:

• Positive Sentiment: Wells Fargo said demand trends for Illinois Tool Works are improving and lifted its price target to $255 from $245, even while keeping an Underweight rating. That suggests analysts see some near-term stabilization in the company’s short-cycle businesses. Wells Fargo Sees Improving Demand Trends for Illinois Tool Works (ITW)
• Neutral Sentiment: Zacks Research raised its FY2026 EPS estimate to $11.29 from $11.21 and nudged FY2028 to $13.27 from $13.21, implying confidence in longer-term earnings power. Illinois Tool Works estimate updates
• Neutral Sentiment: However, Zacks also trimmed several near- to mid-term earnings estimates, including Q2 2026, Q4 2026, Q1 2027, Q2 2027 and FY2027, which points to a softer short-term earnings outlook. Illinois Tool Works estimate updates
• Negative Sentiment: Wells Fargo kept an Underweight rating despite the higher target, and the stock has been trading well below its 50-day and 200-day moving averages, signaling ongoing investor caution. Wells Fargo Sees Improving Demand Trends for Illinois Tool Works (ITW)

Analysts Set New Price Targets

Several research firms recently issued reports on ITW. UBS Group reaffirmed a “neutral” rating and issued a $285.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Illinois Tool Works in a research report on Monday, April 27th. Evercore lowered their price objective on Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $254.00 price objective on shares of Illinois Tool Works in a research report on Thursday, April 30th. Finally, Robert W. Baird set a $278.00 target price on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Illinois Tool Works currently has a consensus rating of “Reduce” and a consensus price target of $271.92.

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.