Illinois Tool Works Inc. $ITW Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 123.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 347,997 shares of the industrial products company’s stock after acquiring an additional 191,962 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Illinois Tool Works were worth $85,712,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cresta Advisors Ltd. acquired a new position in Illinois Tool Works during the fourth quarter worth $25,000. Lodestone Wealth Management LLC purchased a new position in shares of Illinois Tool Works in the 4th quarter valued at about $28,000. Beacon Financial Strategies CORP purchased a new position in shares of Illinois Tool Works in the 4th quarter valued at about $29,000. Ares Financial Consulting LLC purchased a new position in Illinois Tool Works during the 4th quarter worth approximately $31,000. Finally, Meeder Asset Management Inc. lifted its position in Illinois Tool Works by 215.0% during the 4th quarter. Meeder Asset Management Inc. now owns 126 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 86 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, Director Jennifer F. Scanlon acquired 806 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was acquired at an average cost of $247.99 per share, with a total value of $199,879.94. Following the acquisition, the director directly owned 1,652 shares of the company’s stock, valued at $409,679.48. This represents a 95.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on ITW shares. Weiss Ratings cut Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. 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 reissued a “sell” rating and set a $254.00 price target on shares of Illinois Tool Works in a research report on Thursday, April 30th. Barclays lowered their price target on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. Finally, Wells Fargo & Company boosted their price objective on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research note on Monday, May 4th. One investment analyst has 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 MarketBeat.com, Illinois Tool Works presently has a consensus rating of “Reduce” and an average target price of $271.92.

Illinois Tool Works Stock Up 1.1%

NYSE:ITW opened at $257.22 on Friday. The firm has a market capitalization of $74.00 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 4.37 and a beta of 1.01. The stock has a 50 day moving average of $258.18 and a 200-day moving average of $262.87. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The company has a current ratio of 1.19, a quick ratio of 0.86 and a debt-to-equity ratio of 2.04.

Illinois Tool Works (NYSE:ITW) last posted its earnings results on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, beating the consensus estimate of $2.57 by $0.09. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.38 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Analysts predict that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio is 59.80%.

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.