Flossbach Von Storch SE Acquires New Holdings in Illinois Tool Works Inc. $ITW

Flossbach Von Storch SE acquired a new stake in Illinois Tool Works Inc. (NYSE:ITW) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 80,271 shares of the industrial products company’s stock, valued at approximately $21,711,000.

Several other institutional investors have also recently bought and sold shares of ITW. BlackRock Inc. bought a new stake in shares of Illinois Tool Works in the second quarter worth $6,296,349,000. Norges Bank bought a new position in Illinois Tool Works in the fourth quarter valued at $808,351,000. Bank of New York Mellon Corp acquired a new stake in Illinois Tool Works in the 2nd quarter valued at $603,166,000. Deutsche Bank AG bought a new stake in Illinois Tool Works during the 2nd quarter worth about $221,746,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Illinois Tool Works during the 2nd quarter worth about $180,734,000. Institutional investors own 79.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ITW. The Goldman Sachs Group reiterated a “sell” rating and set a $254.00 target price on shares of Illinois Tool Works in a report on Thursday, April 30th. Truist Financial boosted their price target on Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Wolfe Research reiterated an “underperform” rating and set a $286.00 price objective on shares of Illinois Tool Works in a research note on Thursday, July 9th. Evercore cut their price objective on Illinois Tool Works from $296.00 to $272.00 in a report on Monday, May 11th. Finally, Citigroup restated a “neutral” rating on shares of Illinois Tool Works in a report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $281.25.

Illinois Tool Works Price Performance

Shares of NYSE ITW opened at $284.18 on Thursday. 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 business’s 50 day moving average price is $276.94 and its two-hundred day moving average price is $271.27. The company has a market cap of $80.93 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 4.81 and a beta of 0.99. Illinois Tool Works Inc. has a twelve month low of $238.82 and a twelve month high of $303.15.

Illinois Tool Works (NYSE:ITW) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the previous year, the company posted $2.58 EPS. The firm’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. On average, analysts predict that Illinois Tool Works Inc. will post 11.45 EPS for the current year.

Illinois Tool Works Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be issued a $1.72 dividend. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, September 30th. 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 company’s stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average cost of $247.99 per share, with a total value 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. This trade represents a 95.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Matteo C. Pigozzo sold 277 shares of Illinois Tool Works stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $289.22, for a total transaction of $80,113.94. Following the sale, the chief accounting officer directly owned 3,394 shares of the company’s stock, valued at $981,612.68. The trade was a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.83% of the stock is owned by corporate insiders.

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.