Illinois Tool Works Inc. $ITW Shares Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. lifted its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 148.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,276 shares of the industrial products company’s stock after acquiring an additional 21,064 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Illinois Tool Works were worth $8,898,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ITW. Norges Bank purchased a new stake in shares of Illinois Tool Works during the 4th quarter worth approximately $808,351,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Illinois Tool Works by 1,517.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 390,022 shares of the industrial products company’s stock worth $96,062,000 after acquiring an additional 365,915 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Illinois Tool Works by 11.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,311,357 shares of the industrial products company’s stock worth $815,587,000 after acquiring an additional 353,056 shares in the last quarter. Caisse de depot et placement du Quebec boosted its stake in shares of Illinois Tool Works by 293.0% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 424,547 shares of the industrial products company’s stock worth $110,705,000 after acquiring an additional 316,512 shares in the last quarter. Finally, Pinebridge Investments LLC purchased a new stake in shares of Illinois Tool Works during the 4th quarter worth approximately $76,764,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Analyst Ratings Changes

ITW has been the topic of several research analyst reports. Wells Fargo & Company boosted their price target on Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research note on Monday, May 4th. Citigroup boosted their price target on Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Barclays reduced their target price on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $254.00 target price on shares of Illinois Tool Works in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. reduced their target price on Illinois Tool Works from $303.00 to $295.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $271.92.

Illinois Tool Works Trading Up 1.3%

Shares of ITW opened at $265.92 on Wednesday. The stock has a fifty day moving average of $258.41 and a two-hundred day moving average of $263.23. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.86 and a current ratio of 1.19. The company has a market capitalization of $76.50 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 4.51 and a beta of 1.01. 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 released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.09. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.01 billion. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.38 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. As a group, analysts forecast that Illinois Tool Works Inc. will post 11.37 EPS for the current year.

Illinois Tool Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, June 30th. Illinois Tool Works’s dividend payout ratio is presently 59.80%.

Insider Activity at Illinois Tool Works

In other news, Director Jennifer F. Scanlon acquired 806 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the acquisition, the director directly owned 1,652 shares in the company, valued at approximately $409,679.48. This represents a 95.27% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.83% of the stock is currently owned by insiders.

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.