Chesley Taft & Associates LLC Trims Stock Position in Illinois Tool Works Inc. $ITW

Key Points

• Chesley Taft & Associates reduced its Illinois Tool Works stake by 4.5% in the second quarter, selling 3,493 shares and retaining 74,412 shares valued at approximately $20.1 million. Institutional investors and hedge funds collectively own 79.77% of ITW.
• Illinois Tool Works reported quarterly EPS of $2.84, exceeding estimates of $2.80, while revenue rose 6.1% year over year to $4.30 billion. The company provided fiscal 2026 EPS guidance of $11.35–$11.55.
• ITW shares opened at $296.63, near their 52-week high, but analysts maintain a consensus “Reduce” rating with a $281.25 target price; one analyst rates it Buy, seven Hold, and five Sell.

Chesley Taft & Associates LLC decreased its stake in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 4.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,412 shares of the industrial products company's stock after selling 3,493 shares during the quarter. Chesley Taft & Associates LLC's holdings in Illinois Tool Works were worth $20,126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ITW. Brighton Jones LLC lifted its holdings in Illinois Tool Works by 5.3% in the fourth 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 during the period. Bison Wealth LLC increased 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 valued at $901,000 after purchasing an additional 81 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Illinois Tool Works by 20.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company's stock valued at $257,000 after purchasing an additional 177 shares during the period. Sei Investments Co. lifted its stake in shares of Illinois Tool Works by 22.0% in the 2nd quarter. Sei Investments Co. now owns 106,784 shares of the industrial products company's stock valued at $26,401,000 after purchasing an additional 19,248 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in Illinois Tool Works by 2.2% during the second quarter. Treasurer of the State of North Carolina now owns 136,884 shares of the industrial products company's stock worth $33,845,000 after buying an additional 2,890 shares in the last quarter. 79.77% of the stock is owned by institutional investors and hedge funds.

Illinois Tool Works Stock Up 0.7%

Shares of NYSE ITW opened at $296.63 on Friday. The firm has a market cap of $85.34 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 4.97 and a beta of 0.99. The company's 50-day simple moving average is $270.76 and its 200-day simple moving average is $269.49. The company has a quick ratio of 0.81, a current ratio of 1.11 and a debt-to-equity ratio of 2.26. Illinois Tool Works Inc. has a 52-week low of $238.82 and a 52-week high of $303.15.

Illinois Tool Works (NYSE:ITW - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the prior year, the firm earned $2.58 EPS. The company's revenue for the quarter was up 6.1% on a year-over-year basis. Illinois Tool Works has set its FY 2026 guidance at 11.350-11.550 EPS. Equities analysts predict that Illinois Tool Works Inc. will post 11.46 EPS for the current fiscal year.

Analyst Ratings Changes

ITW has been the subject of a number of recent analyst reports. Truist Financial lifted their price objective on shares of Illinois Tool Works from $280.00 to $301.00 and gave the company a "hold" rating in a report on Thursday, July 2nd. Citigroup restated a "neutral" rating on shares of Illinois Tool Works in a research report on Monday, July 13th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $254.00 price target on shares of Illinois Tool Works in a report on Thursday, April 30th. Evercore lowered their price target on Illinois Tool Works from $296.00 to $272.00 in a research report on Monday, May 11th. Finally, Wolfe Research restated an "underperform" rating and issued a $286.00 price objective on shares of Illinois Tool Works in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $281.25.

Insider Activity at Illinois Tool Works

In other news, Director Jennifer F. Scanlon bought 806 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average price of $247.99 per share, for a total transaction of $199,879.94. Following the completion of the transaction, the director directly owned 1,652 shares in the company, valued at $409,679.48. The trade was a 95.27% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.83% of the stock is owned by insiders.

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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