Benjamin Edwards Inc. Sells 16,797 Shares of Illinois Tool Works Inc. $ITW

Key Points

• Benjamin Edwards Inc. reduced its Illinois Tool Works stake by 11%, selling 16,797 shares and retaining 136,389 shares valued at approximately $36.9 million. Institutional investors and hedge funds collectively own 79.77% of ITW.
• Illinois Tool Works reported quarterly results that exceeded expectations, with adjusted EPS of $2.84 versus the $2.80 consensus and revenue of $4.30 billion, up 6.1% year over year. The company maintained fiscal 2026 EPS guidance of $11.35–$11.55.
• The company increased its quarterly dividend to $1.72 per share, implying an annualized payout of $6.88 and a 2.5% yield. Analysts remain cautious, with a consensus “Reduce” rating and a $281.25 target price.

Benjamin Edwards Inc. lowered its position in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 11.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,389 shares of the industrial products company's stock after selling 16,797 shares during the period. Benjamin Edwards Inc.'s holdings in Illinois Tool Works were worth $36,902,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ITW. Brighton Jones LLC raised its holdings in Illinois Tool Works by 5.3% in the 4th quarter. Brighton Jones LLC now owns 5,519 shares of the industrial products company's stock valued at $1,399,000 after acquiring an additional 277 shares in the last quarter. Bison Wealth LLC grew its holdings in shares of Illinois Tool Works by 2.3% during the 4th quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company's stock worth $901,000 after purchasing an additional 81 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Illinois Tool Works by 20.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company's stock worth $257,000 after purchasing an additional 177 shares in the last quarter. Sei Investments Co. increased its position in shares of Illinois Tool Works by 22.0% in the second quarter. Sei Investments Co. now owns 106,784 shares of the industrial products company's stock worth $26,401,000 after purchasing an additional 19,248 shares during the period. Finally, Treasurer of the State of North Carolina raised its stake in Illinois Tool Works by 2.2% in the second quarter. Treasurer of the State of North Carolina now owns 136,884 shares of the industrial products company's stock valued at $33,845,000 after purchasing an additional 2,890 shares in the last quarter. 79.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Illinois Tool Works

In related news, Director Jennifer F. Scanlon acquired 806 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the purchase, the director directly owned 1,652 shares of the company's stock, valued at $409,679.48. The trade was a 95.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ernest Scott Santi sold 41,431 shares of the business's stock in a transaction 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 transaction, the director owned 266,288 shares in the company, valued at $76,448,621.92. The trade was a 13.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Illinois Tool Works from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Citigroup restated a "neutral" rating on shares of Illinois Tool Works in a research report on Monday, July 13th. UBS Group reaffirmed a "neutral" rating and set a $300.00 price target on shares of Illinois Tool Works in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price target on shares of Illinois Tool Works from $310.00 to $350.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Finally, Wolfe Research restated an "underperform" rating and set a $286.00 price objective on shares of Illinois Tool Works in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $281.25.

Illinois Tool Works Trading Down 0.5%

NYSE:ITW opened at $280.19 on Friday. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The firm's fifty day moving average is $279.88 and its 200-day moving average is $271.50. The firm has a market cap of $79.80 billion, a P/E ratio of 25.40, a P/E/G ratio of 4.73 and a beta of 0.99. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.81 and a current ratio of 1.11.

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

Illinois Tool Works Increases Dividend

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

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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