Allworth Financial LP Invests $2.12 Million in Illinois Tool Works Inc. $ITW

Key Points

• Allworth Financial initiated a $2.12 million position in Illinois Tool Works during the second quarter by purchasing 7,829 shares. Institutional investors collectively own 79.77% of ITW.
• Illinois Tool Works exceeded quarterly expectations, reporting $2.84 EPS and $4.30 billion in revenue, with revenue up 6.1% year over year. The company maintained fiscal 2026 EPS guidance of $11.35–$11.55.
• ITW raised its quarterly dividend to $1.72 per share, equivalent to an annualized $6.88 dividend and a 2.4% yield. Despite the increase, analysts’ consensus rating remains “Reduce,” with a $281.25 average price target.

Allworth Financial LP bought a new position in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,829 shares of the industrial products company's stock, valued at approximately $2,117,000.

A number of other institutional investors have also bought and sold shares of ITW. BlackRock Inc. bought a new stake in Illinois Tool Works in the second quarter worth approximately $6,296,349,000. Norges Bank bought a new position in shares of Illinois Tool Works during the 4th quarter worth approximately $808,351,000. Bank of New York Mellon Corp acquired a new stake in shares of Illinois Tool Works during the 2nd quarter worth approximately $603,166,000. Deutsche Bank AG bought a new stake in shares of Illinois Tool Works in the 2nd quarter valued at $221,746,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Illinois Tool Works during the 2nd quarter valued at $180,734,000. Institutional investors own 79.77% of the company's stock.

Illinois Tool Works Stock Performance

Shares of Illinois Tool Works stock opened at $282.23 on Friday. The business's fifty day simple moving average is $278.00 and its 200 day simple moving average is $271.50. The company has a current ratio of 1.11, a quick ratio of 0.81 and a debt-to-equity ratio of 2.26. Illinois Tool Works Inc. has a 12 month low of $238.82 and a 12 month high of $303.15. The firm has a market capitalization of $80.38 billion, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 4.78 and a beta of 0.99.

Illinois Tool Works (NYSE:ITW - Get Free Report) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.04. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.19 billion. Illinois Tool Works had a return on equity of 101.72% and a net margin of 19.39%.The business's revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $2.58 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. As a group, analysts anticipate that Illinois Tool Works Inc. will post 11.45 EPS for the current year.

Illinois Tool Works Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be paid a $1.72 dividend. The ex-dividend date is Wednesday, September 30th. This is a positive change 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 2.4%. Illinois Tool Works's dividend payout ratio is presently 58.39%.

Analyst Ratings Changes

ITW has been the subject of a number of research reports. Wells Fargo & Company raised their price target on shares of Illinois Tool Works from $245.00 to $255.00 and gave the stock an "underweight" rating in a report on Monday, May 4th. UBS Group reissued a "neutral" rating and set a $300.00 price objective on shares of Illinois Tool Works in a research report on Wednesday, July 29th. The Goldman Sachs Group restated a "sell" rating and issued a $254.00 target price on shares of Illinois Tool Works in a research note on Thursday, April 30th. Weiss Ratings raised Illinois Tool Works from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Finally, Wolfe Research reiterated an "underperform" rating and issued a $286.00 price target on shares of Illinois Tool Works in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $281.25.

Insider Activity

In other news, Director Ernest Scott Santi sold 41,431 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were 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 $76,448,621.92. This trade represents a 13.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matteo C. Pigozzo sold 277 shares of Illinois Tool Works stock in a transaction that occurred on 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 sale, the chief accounting officer directly owned 3,394 shares in the company, valued at $981,612.68. This trade represents a 7.55% decrease in their position. 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 (ITW) is a diversified industrial manufacturer that designs and produces a broad array of engineered products, consumables and related service solutions for industrial customers. Its offerings span engineered fastening systems, specialty components, industrial equipment, welding products, foodservice and packaging equipment, adhesives and polymer products, and test-and-measurement technologies. These products are used as critical inputs by customers across automotive, construction, electronics, foodservice, maintenance and other industrial end markets.

The company operates a decentralized business model in which independently managed businesses focus on niche product lines and close customer relationships.

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