OMC Financial Services LTD Makes New Investment in Illinois Tool Works Inc. $ITW

Posted by Francis Steltz on Aug 17th, 2026

OMC Financial Services LTD acquired a new position in shares of Illinois Tool Works Inc. (NYSE:ITW – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,150 shares of the industrial products company’s stock, valued at approximately $582,000.

A number of other hedge funds have also recently modified their holdings of the stock. Pacific Heights Asset Management LLC lifted its stake in Illinois Tool Works by 15.0% in the fourth quarter. Pacific Heights Asset Management LLC now owns 115,000 shares of the industrial products company’s stock valued at $28,324,000 after buying an additional 15,000 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Illinois Tool Works by 3.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 586,906 shares of the industrial products company’s stock worth $146,433,000 after acquiring an additional 21,481 shares during the last quarter. Strs Ohio grew its position in shares of Illinois Tool Works by 20.5% during the fourth quarter. Strs Ohio now owns 83,263 shares of the industrial products company’s stock worth $20,508,000 after acquiring an additional 14,186 shares during the last quarter. MUFG Securities EMEA plc increased its holdings in shares of Illinois Tool Works by 113.2% in the 4th quarter. MUFG Securities EMEA plc now owns 10,822 shares of the industrial products company’s stock valued at $2,665,000 after acquiring an additional 5,745 shares during the period. Finally, Principal Financial Group Inc. raised its position in Illinois Tool Works by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 327,574 shares of the industrial products company’s stock valued at $80,681,000 after purchasing an additional 9,593 shares during the last quarter. 79.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ITW has been the subject of a number of recent research reports. Evercore decreased their price target on shares of Illinois Tool Works from $296.00 to $272.00 in a research note on Monday, May 11th. Wells Fargo & Company upped their target price on shares of Illinois Tool Works from $245.00 to $255.00 and gave the company an “underweight” rating in a report on Monday, May 4th. UBS Group reiterated a “neutral” rating and set a $300.00 target price on shares of Illinois Tool Works in a research note on Wednesday, July 29th. Wolfe Research reissued an “underperform” rating and set a $286.00 price target on shares of Illinois Tool Works in a report on Thursday, July 9th. Finally, Citigroup restated a “neutral” rating on shares of Illinois Tool Works in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $281.25.

Check Out 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 stock in a transaction on Tuesday, June 2nd. The shares were bought at an average price of $247.99 per share, with a total value of $199,879.94. Following the acquisition, the director 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.83% of the stock is currently owned by insiders.

Illinois Tool Works Stock Performance

Shares of ITW opened at $290.74 on Monday. The stock has a market capitalization of $82.80 billion, a P/E ratio of 26.36, a P/E/G ratio of 4.91 and a beta of 0.99. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.81 and a current ratio of 1.11. Illinois Tool Works Inc. has a 1 year low of $238.82 and a 1 year high of $303.15. The company’s fifty day moving average is $275.01 and its two-hundred day moving average is $270.73.

Illinois Tool Works (NYSE:ITW – Get Free Report) last released 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. The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. On average, sell-side analysts predict that Illinois Tool Works Inc. will post 11.45 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be given a $1.72 dividend. The ex-dividend date is Wednesday, September 30th. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 dividend on an annualized basis and a yield of 2.4%. Illinois Tool Works’s payout ratio is 58.39%.

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.