Illinois Tool Works Inc.

(New York Stock Exchange)
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Slightly Bullish +15

Illinois Tool Works Inc. $ITW Stock Holdings Lessened by Bessemer Group ...

AI-generated analysis

πŸ“‰ Bessemer Group reduced its ITW holdings by 9.0% in Q1, selling 2,655 shares to end with a position worth $7.02 million.

πŸ“ˆ Vanguard Group increased its stake by 0.7% in Q4, purchasing an additional 189,229 shares valued at $6.62 billion.

πŸ“ˆ State Street Corp raised its ITW position by 1.2% in the fourth quarter, adding 151,864 shares.

πŸ“ˆ Geode Capital Management LLC boosted holdings by 2.7%, acquiring 184,301 additional shares.

πŸ“ˆ Capital Research Global Investors lifted its stake by 3.2% in Q4, buying 142,837 new shares.

πŸ“ˆ Fisher Asset Management LLC increased its position by 1.5%, purchasing 54,519 additional shares.

πŸ“‰ Weiss Ratings downgraded ITW from a 'buy (b-)' to a 'hold (c+)' rating on May 26th.

πŸ“‰ Goldman Sachs reiterated a 'sell' rating with a $254.00 price target in an April 30th report.

πŸ“ˆ Truist Financial raised its price target from $280.00 to $301.00 and maintained a 'hold' rating.

πŸ“‰ Wolfe Research restated an 'underperform' rating with a $286.00 target price on July 9th.

πŸ’° ITW reported Q1 EPS of $2.66, beating the consensus estimate of $2.57 by $0.09.

πŸ“ˆ Revenue reached $4.02 billion in Q1, representing a 4.6% increase compared to the same quarter last year.

πŸ’° The company paid a quarterly dividend of $1.61 per share on July 10th with an annualized yield of 2.3%.

πŸ“Š The stock trades at a P/E ratio of 25.64 with a market capitalization of $79.46 billion.

πŸ‘€ Director Jennifer F. Scanlon acquired 806 shares for $199,879.94, increasing her personal stake by 95.27%.

Bullish Signals
  • ITW reported Q1 EPS of $2.66, which beat the consensus estimate of $2.57 by $0.09.
  • Revenue for the quarter was $4.02 billion, up 4.6% year-over-year against a consensus of $4.01 billion.
  • Major institutional investors including Vanguard, State Street, Geode Capital, Capital Research Global Investors, and Fisher Asset Management increased their stakes in Q4.
  • The company maintains a strong return on equity of 97.36% and a net margin of 19.32%.
  • Director Jennifer F. Scanlon significantly increased her personal ownership by 95.27%, buying shares at $247.99.
Risk Factors
  • Weiss Ratings downgraded the stock from a 'buy (b-)' to a 'hold (c+)' rating.
  • Goldman Sachs reiterated a 'sell' rating with a price target of $254.00.
  • Wolfe Research restated an 'underperform' rating on the company's shares.
  • The consensus analyst rating is currently 'Reduce' with an average price target of $274.00.
Full Analysis
Illinois Tool Works Inc. (NYSE:ITW) saw mixed institutional activity in the first quarter, with Bessemer Group reducing its stake by 9.0% to 26,987 shares, while major funds like Vanguard, State Street, Geode Capital, Capital Research Global Investors, and Fisher Asset Management increased their holdings. Collectively, institutional investors and hedge funds own 79.77% of the company's stock. Analyst sentiment remains cautious with a consensus 'Reduce' rating and an average price target of $274.00, though recent earnings showed strength. The company reported Q1 EPS of $2.66, beating estimates by $0.09, and revenue of $4.02 billion, up 4.6% year-over-year. Analysts forecast FY 2026 EPS between $11.10 and $11.50. Financial metrics indicate a market cap of $79.46 billion with a P/E ratio of 25.64. The stock recently paid a quarterly dividend of $1.61 per share, yielding 2.3% on an annualized basis. Director Jennifer F. Scanlon also increased her personal stake by 95.27%, purchasing shares at an average price of $247.99.