Legal & General Group Plc Makes New $500.75 Million Investment in Illinois Tool Works Inc. $ITW

Posted by Stanley Muller on Aug 25th, 2026

Legal & General Group Plc bought a new stake in Illinois Tool Works Inc. (NYSE:ITW – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,851,401 shares of the industrial products company’s stock, valued at approximately $500,748,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new stake in shares of Illinois Tool Works during the 2nd quarter worth approximately $36,572,000. Jones Financial Companies Lllp bought a new position in Illinois Tool Works in the second quarter valued at approximately $1,451,000. Van Hulzen Asset Management LLC acquired a new position in Illinois Tool Works during the second quarter valued at approximately $9,699,000. Front Street Capital Management Inc. acquired a new position in Illinois Tool Works during the second quarter valued at approximately $135,000. Finally, Fiduciary Financial Advisors bought a new stake in Illinois Tool Works during the second quarter worth $2,583,000. Institutional investors own 79.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ITW shares. Wolfe Research reiterated an “underperform” rating and issued a $286.00 price target on shares of Illinois Tool Works in a research note on Thursday, July 9th. Truist Financial upped their price objective on Illinois Tool Works from $280.00 to $301.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $254.00 price objective on shares of Illinois Tool Works in a research note on Thursday, April 30th. JPMorgan Chase & Co. lifted their target price on Illinois Tool Works from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, UBS Group restated a “neutral” rating and issued a $300.00 price target on shares of Illinois Tool Works in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $281.25.

Get Our Latest Stock Report on ITW

Illinois Tool Works Stock Up 0.6%

Shares of ITW opened at $283.97 on Tuesday. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The stock has a market capitalization of $80.88 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 4.77 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. The stock has a fifty day moving average of $278.43 and a 200-day moving average of $271.59.

Illinois Tool Works (NYSE:ITW – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.04. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.19 billion. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.Illinois Tool Works’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, sell-side analysts anticipate that Illinois Tool Works Inc. will post 11.45 earnings per share for the current fiscal year.

Illinois Tool Works Increases Dividend

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

Insider Transactions at Illinois Tool Works

In other Illinois Tool Works news, Director Jennifer F. Scanlon acquired 806 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was acquired at an average price 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 $409,679.48. This represents a 95.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Matteo C. Pigozzo sold 277 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total transaction of $80,113.94. Following the sale, the chief accounting officer directly owned 3,394 shares in the company, valued at $981,612.68. The trade was a 7.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company 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.