14,996 Illinois Tool Works Inc. $ITW Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its position in shares of Illinois Tool Works Inc. (NYSE:ITW) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 603,987 shares of the industrial products company’s stock after selling 14,996 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Illinois Tool Works worth $155,394,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Illinois Tool Works during the 3rd quarter valued at $22,938,000. ProShare Advisors LLC increased its holdings in Illinois Tool Works by 1.2% in the 3rd quarter. ProShare Advisors LLC now owns 643,565 shares of the industrial products company’s stock valued at $165,576,000 after purchasing an additional 7,453 shares in the last quarter. Vise Technologies Inc. raised its position in Illinois Tool Works by 11.6% in the third quarter. Vise Technologies Inc. now owns 15,806 shares of the industrial products company’s stock valued at $4,066,000 after purchasing an additional 1,641 shares during the period. Grandfield & Dodd LLC lifted its stake in shares of Illinois Tool Works by 0.5% during the third quarter. Grandfield & Dodd LLC now owns 162,034 shares of the industrial products company’s stock worth $41,688,000 after purchasing an additional 863 shares in the last quarter. Finally, Cidel Asset Management Inc. boosted its position in shares of Illinois Tool Works by 4.5% in the third quarter. Cidel Asset Management Inc. now owns 1,856 shares of the industrial products company’s stock worth $478,000 after buying an additional 80 shares during the period. 79.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on ITW shares. The Goldman Sachs Group reiterated a “sell” rating and set a $270.00 target price on shares of Illinois Tool Works in a report on Tuesday, October 27th. Wolfe Research reiterated an “underperform” rating and set a $286.00 price objective on shares of Illinois Tool Works in a research note on Thursday, July 9th. UBS Group set a $277.00 target price on shares of Illinois Tool Works in a research report on Friday, October 9th. Weiss Ratings raised shares of Illinois Tool Works from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Finally, 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 research note on Wednesday. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, Illinois Tool Works has a consensus rating of “Reduce” and a consensus target price of $276.33.

Illinois Tool Works News Roundup

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

• Positive Sentiment: ITW declared a $1.72-per-share quarterly dividend, payable January 15, 2027, to shareholders of record on December 31, 2026. The payout reinforces the company’s commitment to returning cash to shareholders and its reputation as a long-term income investment. ITW Board of Directors Declares Quarterly Dividend
• Positive Sentiment: Recent earnings provided some support: ITW exceeded third-quarter earnings expectations, reporting $3.00 per share versus the $2.97 consensus estimate, while revenue grew approximately 4.5% year over year. The results suggest resilient profitability despite some sales pressure.
• Neutral Sentiment: Coverage of ITW’s third-quarter earnings call highlights continued analyst focus on demand trends, margins and the company’s outlook. Investors are looking for clarity on whether growth can accelerate across its industrial businesses. The top 5 analyst questions from Illinois Tool Works’s Q3 earnings call
• Negative Sentiment: Citigroup’s pessimistic forecast adds pressure to the stock’s valuation narrative, particularly after ITW’s shares had traded near their 12-month high. A premium earnings multiple leaves less room for disappointing growth or guidance. Citigroup Issues Pessimistic Forecast for Illinois Tool Works Stock Price
• Negative Sentiment: A recent comparison concluded that 3M currently offers stronger stock gains, earnings-growth prospects and valuation than ITW, potentially encouraging investors to favor competing industrial names. 3M vs. Illinois Tool: Which Industrial Conglomerate Stock is a Stronger Pick?

Illinois Tool Works Price Performance

Shares of NYSE ITW opened at $279.02 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.29 and a debt-to-equity ratio of 2.28. Illinois Tool Works Inc. has a fifty-two week low of $238.82 and a fifty-two week high of $303.15. The business has a 50 day moving average price of $271.41 and a two-hundred day moving average price of $270.69. The firm has a market cap of $79.30 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 3.06 and a beta of 0.92.

Illinois Tool Works (NYSE:ITW) last announced its earnings results on Tuesday, October 27th. The industrial products company reported $3.00 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.26 billion. During the same period in the prior year, the company posted $2.81 EPS. Illinois Tool Works’s quarterly revenue was up 4.5% on a year-over-year basis. Sell-side analysts expect that Illinois Tool Works Inc. will post 11.49 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be paid a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, December 31st. Illinois Tool Works’s dividend payout ratio is 61.32%.

Insider Buying and Selling at Illinois Tool Works

In other Illinois Tool Works news, CAO Matteo Pigozzo sold 277 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer directly owned 3,394 shares of the company’s stock, valued at $981,612.68. This trade represents a 7.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ernest Santi sold 41,431 shares of the business’s stock in a transaction dated 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 directly owned 266,288 shares of the company’s stock, valued at $76,448,621.92. The trade was a 13.46% decrease in their position. The SEC filing for this sale provides additional information. 0.83% of the stock is owned by company insiders.

Illinois Tool Works Company Profile

Illinois Tool Works Inc (NYSE: ITW) is a diversified industrial manufacturer that develops and produces specialized equipment, components, consumables and systems for customers in a range of industries. Founded in 1912 and headquartered in Glenview, Illinois, the company serves markets worldwide through a portfolio of highly engineered businesses.

ITW’s operations include food equipment, automotive components, welding products, test and measurement equipment, electronics materials, polymers and fluids, construction products, and specialty products.