Groupe la Francaise Has $7.59 Million Stock Holdings in Illinois Tool Works Inc. $ITW

Groupe la Francaise grew its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 7.7% during the 1st quarter, HoldingsChannel reports. The firm owned 29,148 shares of the industrial products company’s stock after purchasing an additional 2,087 shares during the quarter. Groupe la Francaise’s holdings in Illinois Tool Works were worth $7,587,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Western Wealth Management LLC lifted its position in shares of Illinois Tool Works by 5.6% during the 1st quarter. Western Wealth Management LLC now owns 2,043 shares of the industrial products company’s stock worth $532,000 after buying an additional 109 shares during the last quarter. Paragon Private Wealth Management LLC grew its position in Illinois Tool Works by 3.8% in the first quarter. Paragon Private Wealth Management LLC now owns 5,574 shares of the industrial products company’s stock valued at $1,451,000 after acquiring an additional 206 shares during the last quarter. Bank of America Corp DE raised its stake in Illinois Tool Works by 2.5% during the first quarter. Bank of America Corp DE now owns 3,005,659 shares of the industrial products company’s stock worth $782,343,000 after acquiring an additional 72,951 shares in the last quarter. Kentucky Retirement Systems raised its stake in Illinois Tool Works by 83.2% during the first quarter. Kentucky Retirement Systems now owns 33,712 shares of the industrial products company’s stock worth $8,775,000 after acquiring an additional 15,315 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Illinois Tool Works by 8.2% in the first quarter. Janus Henderson Group PLC now owns 37,062 shares of the industrial products company’s stock worth $9,645,000 after acquiring an additional 2,817 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors.

Illinois Tool Works Price Performance

Shares of NYSE:ITW opened at $287.51 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.86 and a current ratio of 1.11. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The firm has a market cap of $82.72 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 4.83 and a beta of 1.00. The firm’s fifty day moving average is $266.31 and its 200-day moving average is $268.26.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.04. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.19 billion. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.Illinois Tool Works’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.58 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. Sell-side analysts predict that Illinois Tool Works Inc. will post 11.47 earnings per share for the current 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 $1.61 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $6.44 annualized dividend and a dividend yield of 2.2%. Illinois Tool Works’s dividend payout ratio is presently 58.39%.

Insider Activity

In related news, Director Jennifer F. Scanlon acquired 806 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ITW shares. JPMorgan Chase & Co. raised their price target on shares of Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group reissued a “neutral” rating and issued a $300.00 price objective on shares of Illinois Tool Works in a research note on Wednesday. Wells Fargo & Company raised their target price on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research report on Monday, May 4th. Evercore decreased their target price on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Finally, Robert W. Baird increased their price target on Illinois Tool Works from $278.00 to $297.00 and gave the company a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $281.25.

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.