Royal Bank of Canada Acquires 18,487 Shares of Illinois Tool Works Inc. $ITW

Royal Bank of Canada grew its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 2.5% in the 1st quarter, Holdings Channel reports. The fund owned 772,673 shares of the industrial products company’s stock after purchasing an additional 18,487 shares during the quarter. Royal Bank of Canada’s holdings in Illinois Tool Works were worth $201,120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Meridian Wealth Management LLC grew its position in 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 buying an additional 37 shares in the last quarter. Winnow Wealth LLC increased its position in shares of Illinois Tool Works by 1.0% during the fourth quarter. Winnow Wealth LLC now owns 3,809 shares of the industrial products company’s stock valued at $941,000 after purchasing an additional 37 shares during the period. Crown Wealth Group LLC raised its stake in shares of Illinois Tool Works by 4.0% in the first quarter. Crown Wealth Group LLC now owns 953 shares of the industrial products company’s stock valued at $248,000 after purchasing an additional 37 shares in the last quarter. Revisor Wealth Management LLC boosted its stake in 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 buying an additional 39 shares in the last quarter. Finally, Concord Asset Management LLC VA raised its stake in shares of Illinois Tool Works by 1.1% in the 4th quarter. Concord Asset Management LLC VA now owns 3,591 shares of the industrial products company’s stock valued at $884,000 after buying an additional 39 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Illinois Tool Works

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

• Positive Sentiment: Q2 results exceeded expectations: Revenue rose 6.1% year over year to $4.30 billion, ahead of the $4.19 billion consensus, while diluted EPS increased 10.1% to $2.84 versus estimates of $2.80. Organic revenue growth accelerated to 4.5%, led by strong demand in Welding, Test & Measurement and Electronics, and Polymers & Fluids. Reuters earnings report
• Positive Sentiment: Record profitability and cash flow supported the rally: Operating income reached a company-record $1.15 billion, operating margin expanded to 26.7%, and free cash flow increased 41% to $631 million. ITW returned more than $1.2 billion to shareholders in the quarter, including $750 million of share repurchases, and expects approximately $1.5 billion in repurchases for 2026. ITW Q2 results and guidance
• Positive Sentiment: Management raised its outlook: Full-year 2026 GAAP EPS guidance increased to $11.35-$11.55 from the prior outlook, while revenue growth guidance was raised to 4%-5% and organic growth guidance to 3%-4%. The company also expects free-cash-flow conversion above 100% of net income. ITW guidance announcement
• Positive Sentiment: JPMorgan raised its price target to $350 from $310 and upgraded its stance to “overweight,” signaling confidence that stronger industrial demand and ITW’s execution can support additional gains. Benzinga analyst update
• Neutral Sentiment: Analyst views remain mixed: Robert W. Baird lifted its target to $297 from $278 but maintained a “neutral” rating, suggesting limited upside at recent trading levels. The Fly analyst update
• Negative Sentiment: Investors may remain alert to ITW’s debt burden and uneven segment performance. Automotive OEM and Food Equipment growth was comparatively weak, while higher raw-material costs and acquisition-related amortization continued to pressure margins and GAAP EPS.

Analysts Set New Price Targets

Several research firms recently issued reports on ITW. Robert W. Baird increased their price target on shares of Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research report on Wednesday. UBS Group reaffirmed a “neutral” rating and issued a $300.00 price target on shares of Illinois Tool Works in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Wednesday. Truist Financial upped their target price on shares of Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $254.00 price target on shares of Illinois Tool Works in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $279.69.

Insider Buying and Selling at Illinois Tool Works

In related news, Director Jennifer F. Scanlon purchased 806 shares of the stock in a transaction that occurred on 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 acquisition, the director directly owned 1,652 shares in the company, valued at approximately $409,679.48. This trade represents a 95.27% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

Illinois Tool Works Stock Performance

Illinois Tool Works stock opened at $292.52 on Thursday. The stock has a 50-day simple moving average of $264.93 and a 200 day simple moving average of $267.92. The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 2.26. Illinois Tool Works Inc. has a 12-month low of $238.82 and a 12-month high of $303.15. The stock has a market capitalization of $84.16 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 5.05 and a beta of 1.00.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.04. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, research analysts anticipate that Illinois Tool Works Inc. will post 11.43 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio is 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.