Illinois Tool Works Inc. $ITW Stock Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 69.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,349 shares of the industrial products company’s stock after selling 125,578 shares during the period. Retirement Systems of Alabama’s holdings in Illinois Tool Works were worth $13,983,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Illinois Tool Works during the second quarter worth about $6,296,349,000. Bank of New York Mellon Corp acquired a new stake in shares of Illinois Tool Works in the second quarter valued at $603,166,000. Legal & General Group Plc purchased a new position in Illinois Tool Works in the second quarter valued at $500,748,000. Deutsche Bank AG acquired a new position in Illinois Tool Works during the 2nd quarter worth $221,746,000. Finally, Hsbc Holdings PLC acquired a new position in Illinois Tool Works during the 2nd quarter worth $209,959,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ernest Santi sold 60,000 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $292.87, for a total transaction of $17,572,200.00. Following the completion of the transaction, the director directly owned 266,333 shares of the company’s stock, valued at approximately $78,000,945.71. This represents a 18.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Illinois Tool Works Price Performance

Shares of ITW opened at $286.77 on Friday. The company has a market capitalization of $81.50 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 3.17 and a beta of 0.92. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The firm has a 50-day simple moving average of $272.95 and a 200-day simple moving average of $271.97. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.94 and a current ratio of 1.29.

Illinois Tool Works (NYSE:ITW) last posted its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.03. Illinois Tool Works had a return on equity of 103.35% and a net margin of 19.39%. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the firm earned $2.81 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities research analysts anticipate that Illinois Tool Works Inc. will post 11.49 earnings per share for the current year.

Illinois Tool Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be given a $1.72 dividend. The ex-dividend date is Thursday, December 31st. This represents a $6.88 dividend on an annualized basis and a yield of 2.4%. Illinois Tool Works’s dividend payout ratio (DPR) is presently 61.32%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a “sell” rating and issued a $270.00 price objective on shares of Illinois Tool Works in a research note on Tuesday, October 27th. Weiss Ratings raised shares of Illinois Tool Works from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 28th. UBS Group set a $277.00 target price on Illinois Tool Works in a report on Friday, October 9th. Truist Financial reaffirmed a “hold” rating and set a $293.00 price target (down from $297.00) on shares of Illinois Tool Works in a report on Wednesday, October 28th. Finally, JPMorgan Chase & Co. cut Illinois Tool Works from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $350.00 to $270.00 in a research report on Friday, October 9th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $276.33.

Recent Illinois Tool Works Headlines

Here are a few of the latest headlines about ITW:

• Positive Sentiment: ITW raised its 2026 outlook following a third-quarter margin gain, a potentially supportive sign for earnings expectations. Illinois Tool Works stock lifts 2026 outlook after Q3 margin gain
• Positive Sentiment: Zacks Research modestly increased its estimates for Q4 2026 EPS to $2.96 from $2.93, FY2026 EPS to $11.46 from $11.39, and Q2 2027 EPS to $3.04 from $3.03. These revisions suggest slightly improved near-term expectations.
• Negative Sentiment: Zacks Research trimmed estimates across several later periods, including FY2027 EPS to $12.21 from $12.33 and FY2028 EPS to $13.08 from $13.20, alongside cuts to multiple 2027–2028 quarterly forecasts. The reductions could temper the positive impact of the higher 2026 outlook.

About Illinois Tool Works

Illinois Tool Works Inc. (NYSE: ITW) is a diversified manufacturer serving industrial and commercial customers around the world. Founded in 1912, the company is known for its decentralized operating model and focus on specialized products and solutions. ITW’s businesses make products and equipment for a range of markets, including automotive, food service, construction, welding, and testing and measurement. Its offerings include food-service equipment, welding systems and consumables, automotive components, construction products, polymers and fluids, and laboratory and electronics testing equipment.