7,453 Illinois Tool Works Inc. $ITW Shares Purchased by ProShare Advisors LLC

Key Points

• ProShare Advisors increased its Illinois Tool Works stake by 1.2%, purchasing 7,453 shares in the third quarter and bringing its holdings to 643,565 shares valued at approximately $165.6 million.
• ITW reported third-quarter earnings of $3.00 per share, exceeding the $2.97 consensus estimate, while revenue rose 4.5% year over year to $4.24 billion. The company also raised its quarterly dividend to $1.72 per share, providing an annualized yield of about 2.5%.
• Analyst sentiment remains cautious: the stock has a consensus “Reduce” rating and a $276.33 price target, with several firms recently lowering targets or maintaining Hold/Sell ratings.

ProShare Advisors LLC increased its stake in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 643,565 shares of the industrial products company's stock after acquiring an additional 7,453 shares during the quarter. ProShare Advisors LLC owned approximately 0.23% of Illinois Tool Works worth $165,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Continuum Advisory LLC purchased a new stake in shares of Illinois Tool Works during the second quarter worth about $29,000. Physician Wealth Advisors Inc. raised its holdings in Illinois Tool Works by 77.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 112 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 49 shares during the last quarter. Wilkerson Advisory Group LLC grew its position in 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 acquiring an additional 52 shares during the period. Global Assets Advisory LLC purchased a new position in Illinois Tool Works during the 1st quarter valued at about $32,000. Finally, Abound Wealth Management grew its position in shares of Illinois Tool Works by 178.6% during the second quarter. Abound Wealth Management now owns 117 shares of the industrial products company's stock worth $32,000 after buying an additional 75 shares in the last quarter. Institutional investors own 79.77% of the company's stock.

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?

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Citigroup reduced their target price on Illinois Tool Works from $317.00 to $310.00 and set a "neutral" rating for the company in a report on Wednesday. The Goldman Sachs Group reissued a "sell" rating and set a $270.00 target price on shares of Illinois Tool Works in a research note on Tuesday. Truist Financial restated a "hold" rating and issued a $293.00 target price (down from $297.00) on shares of Illinois Tool Works in a report on Wednesday. JPMorgan Chase & Co. lowered Illinois Tool Works from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $350.00 to $270.00 in a report on Friday, October 9th. Finally, Robert W. Baird raised their price target on Illinois Tool Works from $278.00 to $297.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. One research 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. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $276.33.

Illinois Tool Works Price Performance

ITW stock opened at $279.02 on Friday. The company's 50-day moving average price is $271.41 and its two-hundred day moving average price is $270.69. Illinois Tool Works Inc. has a 12 month low of $238.82 and a 12 month high of $303.15. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 2.28. The firm has a market cap of $79.30 billion, a P/E ratio of 24.87, a P/E/G ratio of 3.06 and a beta of 0.96.

Illinois Tool Works (NYSE:ITW - Get Free Report) last posted its quarterly earnings data 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. Illinois Tool Works had a return on equity of 103.35% and a net margin of 19.39%. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the company posted $2.81 EPS. The business's quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts anticipate 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. Shareholders of record on Wednesday, September 30th were given a dividend of $1.72 per share. This is a boost from Illinois Tool Works's previous quarterly dividend of $1.61. This represents a $6.88 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Wednesday, September 30th. Illinois Tool Works's dividend payout ratio (DPR) is 61.32%.

Insider Activity

In related news, Director Ernest Santi sold 41,431 shares of Illinois Tool Works 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 of the company's stock, valued at approximately $76,448,621.92. This trade represents a 13.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matteo C. Pigozzo sold 277 shares of the business's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $289.22, for a total value of $80,113.94. Following the transaction, the chief accounting officer directly owned 3,394 shares of the company's stock, valued at $981,612.68. The trade was a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.83% of the stock is owned by company insiders.

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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