2,551 Illinois Tool Works Inc. $ITW Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. decreased its position in Illinois Tool Works Inc. (NYSE:ITW) by 73.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 901 shares of the industrial products company’s stock after selling 2,551 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Illinois Tool Works were worth $232,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Crown Wealth Group LLC raised its position in shares of Illinois Tool Works by 4.0% in the 1st quarter. Crown Wealth Group LLC now owns 953 shares of the industrial products company’s stock worth $248,000 after acquiring an additional 37 shares in the last quarter. Argos Wealth Advisors LLC boosted its position in shares of Illinois Tool Works by 2.6% during the 1st quarter. Argos Wealth Advisors LLC now owns 1,526 shares of the industrial products company’s stock valued at $397,000 after purchasing an additional 39 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Illinois Tool Works by 21.5% during the 2nd quarter. JFS Wealth Advisors LLC now owns 226 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 40 shares in the last quarter. North Star Investment Management Corp. grew its stake in Illinois Tool Works by 0.5% during the first quarter. North Star Investment Management Corp. now owns 8,191 shares of the industrial products company’s stock worth $2,132,000 after purchasing an additional 44 shares during the period. Finally, Bell Investment Advisors Inc grew its stake in Illinois Tool Works by 4.2% during the first quarter. Bell Investment Advisors Inc now owns 1,111 shares of the industrial products company’s stock worth $289,000 after purchasing an additional 45 shares during the period. Institutional investors own 79.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ITW shares. JPMorgan Chase & Co. lowered Illinois Tool Works from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $350.00 to $270.00 in a research note on Friday, October 9th. Truist Financial cut their price target on Illinois Tool Works from $308.00 to $297.00 and set a “hold” rating on the stock in a report on Monday, October 5th. Robert W. Baird raised their price objective on shares of Illinois Tool Works from $278.00 to $297.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. UBS Group set a $277.00 price objective on shares of Illinois Tool Works in a research note on Friday, October 9th. Finally, Weiss Ratings downgraded shares of Illinois Tool Works from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Illinois Tool Works has a consensus rating of “Reduce” and a consensus target price of $273.42.

Trending Headlines about Illinois Tool Works

Here are the key news stories impacting Illinois Tool Works this week:

• Negative Sentiment: JPMorgan downgraded ITW to Neutral from Overweight and reduced its price target to $277 from $350. The lower target indicates limited upside from recent trading levels and is the clearest near-term pressure on the stock. JPMorgan Downgrades Illinois Tool Works to Neutral From Overweight, Cuts Price Target to $277 From $350
• Negative Sentiment: Zacks Research lowered its 2028 EPS forecasts, cutting estimates for the first three quarters and full-year 2028. Full-year EPS is now projected at $13.33, down from $13.60, while Q2 2028 was reduced to $3.31 from $3.44. These cuts suggest analysts see somewhat softer longer-term earnings momentum. Illinois Tool Works analyst estimates
• Positive Sentiment: Zacks modestly raised several 2026–2027 estimates, including FY2026 EPS to $11.42 from $11.40 and FY2027 EPS to $12.37 from $12.27. Q3 and Q4 2026 estimates were also increased slightly, indicating expectations for steady near-term earnings growth.
• Neutral Sentiment: ITW’s latest reported quarter showed EPS of $2.84, above the $2.80 consensus, while revenue rose 6.1% year over year to $4.30 billion. Management’s FY2026 EPS guidance remains $11.35–$11.55, broadly consistent with analyst expectations.

Illinois Tool Works Stock Up 0.9%

NYSE ITW traded up $2.35 during mid-day trading on Wednesday, hitting $268.67. The company’s stock had a trading volume of 331,449 shares, compared to its average volume of 1,372,443. The firm has a market capitalization of $76.52 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 2.86 and a beta of 0.96. The company’s 50 day simple moving average is $275.03 and its 200 day simple moving average is $268.21. The company has a current ratio of 1.11, a quick ratio of 0.81 and a debt-to-equity ratio of 2.26. Illinois Tool Works Inc. has a twelve month low of $238.82 and a twelve month high of $303.15.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.04. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the prior year, the company posted $2.58 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. Analysts anticipate that Illinois Tool Works Inc. will post 11.42 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th were paid a $1.72 dividend. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Wednesday, September 30th. This is a boost from Illinois Tool Works’s previous quarterly dividend of $1.61. Illinois Tool Works’s dividend payout ratio (DPR) is presently 62.38%.

Insider Buying and Selling

In other news, CAO Matteo C. Pigozzo sold 277 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $289.22, for a total transaction of $80,113.94. Following the completion of the sale, the chief accounting officer owned 3,394 shares in the company, valued at $981,612.68. This trade represents a 7.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ernest Santi sold 41,431 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $287.09, for a total value of $11,894,425.79. Following the completion of the transaction, the director owned 266,288 shares in the company, valued at approximately $76,448,621.92. The trade was a 13.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.83% of the stock is owned by insiders.

About Illinois Tool Works

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces engineered products and systems for customers worldwide. The company serves a broad range of end markets, including automotive, construction, food service, welding, electronics, and general industry.

ITW’s product portfolio includes automotive components and fasteners, commercial food equipment, welding equipment and consumables, test and measurement instruments, electronic components, polymers and fluids, construction fastening systems, and other specialized industrial products.