Illinois Tool Works Inc. $ITW Shares Acquired by Viking Fund Management LLC

Viking Fund Management LLC boosted its holdings in Illinois Tool Works Inc. (NYSE:ITW) by 58.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,000 shares of the industrial products company’s stock after acquiring an additional 10,000 shares during the quarter. Viking Fund Management LLC’s holdings in Illinois Tool Works were worth $6,947,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Illinois Tool Works during the 2nd quarter worth $6,296,349,000. State Street Corp grew its stake in shares of Illinois Tool Works by 1.0% in the second quarter. State Street Corp now owns 12,788,570 shares of the industrial products company’s stock worth $3,479,219,000 after purchasing an additional 128,089 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Illinois Tool Works by 2.5% during the first quarter. Bank of America Corp DE now owns 3,005,659 shares of the industrial products company’s stock valued at $782,343,000 after purchasing an additional 72,951 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Illinois Tool Works during the second quarter valued at $603,166,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Illinois Tool Works by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,045,009 shares of the industrial products company’s stock valued at $532,261,000 after purchasing an additional 60,009 shares in the last quarter. Institutional investors own 79.77% of the company’s stock.

Insider Buying and Selling at Illinois Tool Works

In other news, Director Ernest Santi sold 41,431 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $287.09, for a total transaction of $11,894,425.79. Following the completion of the sale, the director owned 266,288 shares in the company, valued at approximately $76,448,621.92. This represents a 13.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matteo Pigozzo sold 277 shares of Illinois Tool Works stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total value of $80,113.94. Following the completion of the transaction, the chief accounting officer 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. Additional details regarding this sale are available in the official SEC disclosure. 0.83% of the stock is currently owned by corporate insiders.

Illinois Tool Works News Summary

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

• Positive Sentiment: Zacks Research slightly raised its FY2026 EPS forecast to $11.42 from $11.40 and its FY2027 forecast to $12.37 from $12.27. Estimates for Q3 2026, Q4 2026, Q1 2027, Q3 2027 and Q4 2027 were also increased modestly, suggesting some confidence in near-term earnings execution.
• Neutral Sentiment: The earnings revisions are mixed and relatively small. Zacks maintained its current-year estimate near the broader consensus of approximately $11.42–$11.44 per share, while its FY2028 forecast remains $13.33 per share after a reduction from $13.60.
• Negative Sentiment: JPMorgan downgraded Illinois Tool Works to Neutral from Overweight and cut its price target sharply to $277 from $350. With the stock recently trading near $269, the new target implies limited upside, which may pressure the shares and reflects a less favorable risk-reward outlook. JPMorgan Downgrades Illinois Tool Works to Neutral From Overweight, Cuts Price Target to $277 From $350
• Negative Sentiment: Zacks Research lowered its 2028 EPS estimates for Q1, Q2 and Q3 and reduced its FY2028 forecast to $13.33 from $13.60. The cuts indicate expectations for somewhat slower longer-term earnings growth, although they do not affect the current fiscal-year outlook.

Illinois Tool Works Price Performance

NYSE:ITW opened at $269.02 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26. The business’s 50-day moving average price is $274.46 and its 200 day moving average price is $268.26. Illinois Tool Works Inc. has a 52-week low of $238.82 and a 52-week high of $303.15. The firm has a market cap of $76.62 billion, a P/E ratio of 24.15, a PEG ratio of 2.88 and a beta of 0.96.

Illinois Tool Works (NYSE:ITW) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the prior year, the company earned $2.58 EPS. Illinois Tool Works’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. As a group, sell-side analysts predict that Illinois Tool Works Inc. will post 11.42 earnings per share for the current fiscal year.

Illinois Tool Works Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th were issued a $1.72 dividend. This is an increase from Illinois Tool Works’s previous quarterly dividend of $1.61. This represents a $6.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Illinois Tool Works’s dividend payout ratio is currently 62.38%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Truist Financial reduced their price objective on shares of Illinois Tool Works from $308.00 to $297.00 and set a “hold” rating for the company in a report on Monday, October 5th. Wolfe Research reiterated an “underperform” rating and issued a $286.00 target price on shares of Illinois Tool Works in a research report on Thursday, July 9th. Weiss Ratings cut shares of Illinois Tool Works from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Illinois Tool Works from $287.00 to $281.00 and set a “hold” rating on the stock in a research report on Wednesday, September 30th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Illinois Tool Works in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, Illinois Tool Works presently has a consensus rating of “Reduce” and a consensus target price of $273.42.

Illinois Tool Works Profile

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.