2,340 Shares in Illinois Tool Works Inc. $ITW Bought by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Illinois Tool Works Inc. (NYSE:ITW) in the fourth quarter, HoldingsChannel reports. The firm bought 2,340 shares of the industrial products company’s stock, valued at approximately $576,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Meridian Wealth Management LLC boosted its position in shares of Illinois Tool Works by 1.3% during the fourth quarter. Meridian Wealth Management LLC now owns 2,818 shares of the industrial products company’s stock worth $694,000 after acquiring an additional 37 shares during the last quarter. Mayflower Financial Advisors LLC boosted its position in shares of Illinois Tool Works by 3.8% during the fourth quarter. Mayflower Financial Advisors LLC now owns 1,065 shares of the industrial products company’s stock worth $262,000 after acquiring an additional 39 shares during the last quarter. Revisor Wealth Management LLC boosted its position in shares of Illinois Tool Works by 1.4% during the fourth quarter. Revisor Wealth Management LLC now owns 2,841 shares of the industrial products company’s stock worth $734,000 after acquiring an additional 39 shares during the last quarter. Concord Asset Management LLC VA boosted its position in shares of Illinois Tool Works by 1.1% during the fourth quarter. Concord Asset Management LLC VA now owns 3,591 shares of the industrial products company’s stock worth $884,000 after acquiring an additional 39 shares during the last quarter. Finally, Planning Alternatives Ltd. ADV raised its stake in Illinois Tool Works by 2.6% during the fourth quarter. Planning Alternatives Ltd. ADV now owns 1,558 shares of the industrial products company’s stock valued at $384,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ITW. Citigroup upped their price target on shares of Illinois Tool Works from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Illinois Tool Works in a research note on Monday, April 27th. Wolfe Research upped 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 note on Friday, February 27th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $254.00 price target on shares of Illinois Tool Works in a research note on Thursday, April 30th. Finally, Wells Fargo & Company upped their price target on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $271.92.

Illinois Tool Works Trading Up 1.0%

Shares of ITW opened at $252.34 on Friday. Illinois Tool Works Inc. has a twelve month low of $238.82 and a twelve month high of $303.15. The company has a market cap of $72.60 billion, a P/E ratio of 23.43, a P/E/G ratio of 4.33 and a beta of 1.04. 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’s fifty day simple moving average is $261.54 and its 200-day simple moving average is $262.09.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Thursday, April 30th. The industrial products company reported $2.66 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the firm posted $2.38 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, analysts expect that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Dividend Announcement

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

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.