North Dakota State Investment Board Acquires Shares of 10,075 Illinois Tool Works Inc. $ITW

North Dakota State Investment Board acquired a new stake in shares of Illinois Tool Works Inc. (NYSE:ITW) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,075 shares of the industrial products company’s stock, valued at approximately $2,481,000.

A number of other institutional investors have also modified their holdings of ITW. Cresta Advisors Ltd. purchased a new position in shares of Illinois Tool Works in the 4th quarter valued at about $25,000. Lodestone Wealth Management LLC purchased a new position in shares of Illinois Tool Works in the 4th quarter valued at about $28,000. Beacon Financial Strategies CORP purchased a new position in shares of Illinois Tool Works in the 4th quarter valued at about $29,000. Ares Financial Consulting LLC purchased a new position in shares of Illinois Tool Works in the 4th quarter valued at about $31,000. Finally, MTM Investment Management LLC increased its stake in shares of Illinois Tool Works by 70.5% in the 3rd quarter. MTM Investment Management LLC now owns 162 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Illinois Tool Works Price Performance

NYSE:ITW opened at $249.15 on Tuesday. Illinois Tool Works Inc. has a 12 month low of $238.82 and a 12 month high of $303.15. The stock has a 50 day moving average of $263.51 and a two-hundred day moving average of $262.03. 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 firm has a market cap of $71.68 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 4.26 and a beta of 1.04.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, topping the consensus estimate of $2.57 by $0.09. Illinois Tool Works had a return on equity of 97.36% and a net margin of 19.32%.The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the business earned $2.38 EPS. Illinois Tool Works’s quarterly revenue 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. On average, analysts expect that Illinois Tool Works Inc. will post 11.37 earnings per share for the current fiscal year.

Illinois Tool Works Dividend Announcement

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

Wall Street Analyst Weigh In

ITW has been the subject of several recent analyst reports. Truist Financial lifted their price target on Illinois Tool Works from $275.00 to $280.00 and gave the company a “hold” rating in a research note on Wednesday, February 4th. Barclays cut their price target on Illinois Tool Works from $275.00 to $250.00 and set an “underweight” rating for the company in a research note on Wednesday, April 1st. Wells Fargo & Company lifted their price target on Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a research note on Monday, May 4th. UBS Group restated a “neutral” rating and issued a $285.00 price target on shares of Illinois Tool Works in a research note on Wednesday, February 4th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Illinois Tool Works in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Illinois Tool Works has an average rating of “Reduce” and an average target price of $271.92.

Illinois Tool Works 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.