Vanguard Personalized Indexing Management LLC Acquires 3,662 Shares of Illinois Tool Works Inc. $ITW

Vanguard Personalized Indexing Management LLC increased its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,299 shares of the industrial products company’s stock after purchasing an additional 3,662 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Illinois Tool Works were worth $12,142,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Resources Management Corp CT ADV boosted its holdings in Illinois Tool Works by 3,807.3% in the fourth quarter. Resources Management Corp CT ADV now owns 30,086 shares of the industrial products company’s stock worth $7,410,000 after purchasing an additional 29,316 shares in the last quarter. Sargent Investment Group LLC bought a new stake in Illinois Tool Works in the fourth quarter worth $416,000. MLP3 LLC bought a new stake in Illinois Tool Works in the fourth quarter worth $875,000. Motiv8 Investments LLC bought a new stake in Illinois Tool Works in the fourth quarter worth $27,000. Finally, Fieldview Capital Management LLC bought a new stake in Illinois Tool Works in the fourth quarter worth $382,000. 79.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ITW has been the subject of a number of recent research reports. Wolfe Research upped their price objective on shares of Illinois Tool Works from $276.00 to $295.00 and gave the stock an “underperform” rating in a report on Friday, February 27th. Evercore cut their target price on shares of Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Citigroup boosted their target price on shares of Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Barclays cut their target price on shares of 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, Weiss Ratings lowered shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Illinois Tool Works has an average rating of “Reduce” and an average target price of $271.92.

Illinois Tool Works Stock Up 1.9%

Illinois Tool Works stock opened at $262.34 on Tuesday. The firm has a fifty day moving average price of $258.25 and a two-hundred day moving average price of $263.11. The firm has a market cap of $75.48 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 4.42 and a beta of 1.01. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.19 and a quick ratio of 0.86. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15.

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

Illinois Tool Works Dividend Announcement

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

Insider Activity at Illinois Tool Works

In related news, Director Jennifer F. Scanlon acquired 806 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average price of $247.99 per share, with a total value of $199,879.94. Following the completion of the transaction, the director owned 1,652 shares of the company’s stock, valued at approximately $409,679.48. This represents a 95.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.83% of the company’s stock.

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.