5,108 Illinois Tool Works Inc. $ITW Shares Sold by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer & Co. cut its Illinois Tool Works position by 35.4%, selling 5,108 shares and retaining 9,324 shares valued at approximately $2.4 million. Institutional investors collectively own 79.77% of ITW.
• ITW reported third-quarter earnings of $3.00 per share, exceeding estimates of $2.97, while revenue rose 4.5% year over year to $4.24 billion. The company also increased its quarterly dividend to $1.72 per share, representing a 2.5% yield.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating, a $276.33 target price and seven Hold versus five Sell ratings. Two company insiders also recently sold shares.

Oppenheimer & Co. Inc. reduced its position in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 35.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,324 shares of the industrial products company's stock after selling 5,108 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Illinois Tool Works were worth $2,399,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Continuum Advisory LLC bought a new stake in shares of Illinois Tool Works during the second quarter worth about $29,000. Physician Wealth Advisors Inc. lifted its holdings in Illinois Tool Works by 77.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 112 shares of the industrial products company's stock worth $29,000 after purchasing an additional 49 shares in the last quarter. Wilkerson Advisory Group LLC raised its position in shares of Illinois Tool Works by 77.6% in the first quarter. Wilkerson Advisory Group LLC now owns 119 shares of the industrial products company's stock worth $31,000 after buying an additional 52 shares in the last quarter. Global Assets Advisory LLC bought a new stake in shares of Illinois Tool Works during the 1st quarter worth $32,000. Finally, Abound Wealth Management grew its position in Illinois Tool Works by 178.6% during the second quarter. Abound Wealth Management now owns 117 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 75 shares during the last quarter. 79.77% of the stock is currently owned by institutional investors.

Illinois Tool Works Trading Down 0.8%

ITW opened at $279.02 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 2.28. 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 cap of $79.30 billion, a PE ratio of 24.87, a PEG ratio of 3.06 and a beta of 0.96. The business has a 50 day moving average of $271.41 and a 200-day moving average of $270.69.

Illinois Tool Works (NYSE:ITW - Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.03. The company had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.26 billion. Illinois Tool Works had a return on equity of 103.35% and a net margin of 19.39%. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.81 earnings per share. Equities research analysts predict that Illinois Tool Works Inc. will post 11.49 earnings per share for the current fiscal 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 issued a dividend of $1.72 per share. This is a boost from Illinois Tool Works's previous quarterly dividend of $1.61. The ex-dividend date was Wednesday, September 30th. This represents a $6.88 dividend on an annualized basis and a dividend yield of 2.5%. Illinois Tool Works's dividend payout ratio (DPR) is presently 61.32%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ITW. Robert W. Baird boosted their price objective on Illinois Tool Works from $278.00 to $297.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Citigroup cut their price objective on Illinois Tool Works from $317.00 to $310.00 and set a "neutral" rating on the stock in a research report on Wednesday. Truist Financial reissued a "hold" rating and set a $293.00 target price (down from $297.00) on shares of Illinois Tool Works in a research note on Wednesday. Deutsche Bank Aktiengesellschaft decreased their target price on Illinois Tool Works from $287.00 to $281.00 and set a "hold" rating for the company in a report on Wednesday, September 30th. Finally, Weiss Ratings raised Illinois Tool Works from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $276.33.

Key Illinois Tool Works News

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?

Insiders Place Their Bets

In other news, Director Ernest Santi sold 41,431 shares of the company's stock in a transaction dated 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 sale, the director directly owned 266,288 shares of the company's stock, valued at $76,448,621.92. This represents a 13.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matteo Pigozzo sold 277 shares of the stock in a transaction dated Thursday, August 13th. The stock was 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 owned 3,394 shares of the company's stock, valued at approximately $981,612.68. The trade was a 7.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.83% of the company's stock.

Illinois Tool Works 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.

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