Illinois Tool Works Inc. $ITW Stock Position Increased by Czech National Bank

Czech National Bank raised its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 4.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,520 shares of the industrial products company’s stock after purchasing an additional 3,094 shares during the period. Czech National Bank’s holdings in Illinois Tool Works were worth $20,155,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Strs Ohio increased its stake in Illinois Tool Works by 20.5% during the 4th quarter. Strs Ohio now owns 83,263 shares of the industrial products company’s stock valued at $20,508,000 after buying an additional 14,186 shares during the period. Pacific Heights Asset Management LLC lifted its stake in shares of Illinois Tool Works by 15.0% in the 4th quarter. Pacific Heights Asset Management LLC now owns 115,000 shares of the industrial products company’s stock worth $28,324,000 after acquiring an additional 15,000 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Illinois Tool Works by 3.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 586,906 shares of the industrial products company’s stock valued at $146,433,000 after acquiring an additional 21,481 shares in the last quarter. Argo Wealth Advisory LLC acquired a new position in shares of Illinois Tool Works during the fourth quarter valued at approximately $2,377,000. Finally, MUFG Securities EMEA plc raised its holdings in Illinois Tool Works by 113.2% during the fourth quarter. MUFG Securities EMEA plc now owns 10,822 shares of the industrial products company’s stock worth $2,665,000 after purchasing an additional 5,745 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Insider Activity

In other news, Director Jennifer F. Scanlon purchased 806 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the acquisition, the director directly owned 1,652 shares of the company’s stock, valued at $409,679.48. The trade was a 95.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is owned by corporate insiders.

Illinois Tool Works Stock Performance

ITW opened at $296.63 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26. The firm has a market cap of $85.34 billion, a PE ratio of 26.89, a P/E/G ratio of 4.97 and a beta of 0.99. The business has a fifty day simple moving average of $270.76 and a 200-day simple moving average of $269.49. 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 earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.04. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.19 billion. During the same period in the previous year, the firm earned $2.58 earnings per share. Illinois Tool Works’s revenue for the quarter was up 6.1% compared to the same quarter last year. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, equities analysts predict that Illinois Tool Works Inc. will post 11.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ITW has been the subject of a number of research analyst reports. Wolfe Research restated an “underperform” rating and issued a $286.00 target price on shares of Illinois Tool Works in a research report on Thursday, July 9th. Robert W. Baird boosted their price objective on Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Weiss Ratings lowered Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Wells Fargo & Company raised their target price on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research note on Monday, May 4th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $254.00 target price on shares of Illinois Tool Works in a report on Thursday, April 30th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $281.25.

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.