ING Groep NV Invests $21.65 Million in Illinois Tool Works Inc. $ITW

Posted by Brenda Bartman on Jun 8th, 2026

ING Groep NV acquired a new position in shares of Illinois Tool Works Inc. (NYSE:ITW – Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 87,892 shares of the industrial products company’s stock, valued at approximately $21,648,000.

Several other institutional investors have also modified their holdings of ITW. Cresta Advisors Ltd. purchased a new stake in shares of Illinois Tool Works during the 4th quarter worth $25,000. Lodestone Wealth Management LLC purchased a new stake in shares of Illinois Tool Works during the 4th quarter worth $28,000. Beacon Financial Strategies CORP purchased a new stake in shares of Illinois Tool Works during the 4th quarter worth $29,000. Ares Financial Consulting LLC purchased a new stake in shares of Illinois Tool Works during the 4th quarter worth $31,000. Finally, Basepoint Wealth LLC acquired a new stake in Illinois Tool Works during the 4th quarter worth $32,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

Illinois Tool Works Trading Down 0.1%

NYSE ITW opened at $252.48 on Monday. 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 firm has a market cap of $72.64 billion, a PE ratio of 23.44, a P/E/G ratio of 4.34 and a beta of 1.01. Illinois Tool Works Inc. has a one year low of $238.82 and a one year high of $303.15. The firm’s fifty day moving average is $258.67 and its two-hundred day moving average is $262.61.

Illinois Tool Works (NYSE:ITW – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.01 billion. Illinois Tool Works had a net margin of 19.32% and a return on equity of 97.36%. Illinois Tool Works’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.38 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.100-11.500 EPS. Analysts expect that Illinois Tool Works Inc. will post 11.37 earnings per share for the current year.

Illinois Tool Works Announces Dividend

The firm 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 $1.61 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $6.44 dividend on an annualized basis and a yield of 2.6%. Illinois Tool Works’s payout ratio is currently 59.80%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Evercore cut their price target on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Citigroup lifted their price target on shares of Illinois Tool Works from $284.00 to $287.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings lowered shares of Illinois Tool Works from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Barclays cut their price target on shares of 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. Finally, Wells Fargo & Company lifted their price target on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an “underweight” rating in a research note on Monday, May 4th. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $271.92.

Get Our Latest Stock Report on Illinois Tool Works

Insider Buying and Selling

In other Illinois Tool Works news, Director Jennifer F. Scanlon acquired 806 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were bought at an average cost of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the purchase, the director owned 1,652 shares in the company, valued at $409,679.48. This trade represents a 95.27% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

About Illinois Tool Works

(Free Report)

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.

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Institutional Ownership by Quarter for Illinois Tool Works (NYSE:ITW)

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