Illinois Tool Works Inc. $ITW Holdings Raised by Asset Management One Co. Ltd.

Key Points

• Asset Management One increased its Illinois Tool Works stake by 3.1% in the third quarter to 119,967 shares valued at approximately $30.9 million. Institutional investors collectively own 79.77% of ITW.
• Analyst sentiment remains cautious: ITW has one Buy, seven Hold, and five Sell ratings, producing an average “Reduce” rating and a consensus price target of $276.33.
• ITW reported quarterly EPS of $3.00, slightly above expectations, while revenue rose 4.5% year over year to $4.24 billion. The company also raised its quarterly dividend to $1.72 per share, representing a 2.5% yield.

Asset Management One Co. Ltd. grew its stake in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,967 shares of the industrial products company's stock after acquiring an additional 3,660 shares during the period. Asset Management One Co. Ltd.'s holdings in Illinois Tool Works were worth $30,865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ITW. Argos Wealth Advisors LLC grew its stake in shares of Illinois Tool Works by 2.6% during the first quarter. Argos Wealth Advisors LLC now owns 1,526 shares of the industrial products company's stock valued at $397,000 after purchasing an additional 39 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of Illinois Tool Works by 21.5% in the second quarter. JFS Wealth Advisors LLC now owns 226 shares of the industrial products company's stock valued at $61,000 after purchasing an additional 40 shares in the last quarter. Sawyer & Company Inc increased its holdings in shares of Illinois Tool Works by 0.4% in the first quarter. Sawyer & Company Inc now owns 10,927 shares of the industrial products company's stock valued at $2,844,000 after purchasing an additional 45 shares in the last quarter. Cushing Capital Partners LLC increased its holdings in shares of Illinois Tool Works by 1.6% in the third quarter. Cushing Capital Partners LLC now owns 2,939 shares of the industrial products company's stock valued at $756,000 after purchasing an additional 46 shares in the last quarter. Finally, MCF Advisors LLC raised its position in Illinois Tool Works by 2.1% in the 2nd quarter. MCF Advisors LLC now owns 2,281 shares of the industrial products company's stock worth $620,000 after purchasing an additional 48 shares during the last quarter. 79.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ITW. Truist Financial reaffirmed a "hold" rating and set a $293.00 price target (down from $297.00) on shares of Illinois Tool Works in a research note on Wednesday. JPMorgan Chase & Co. lowered Illinois Tool Works from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $350.00 to $270.00 in a research report on Friday, October 9th. Robert W. Baird boosted their price objective on Illinois Tool Works from $278.00 to $297.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Weiss Ratings cut shares of Illinois Tool Works from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, October 13th. Finally, Wolfe Research reissued an "underperform" rating and set a $286.00 price target on shares of Illinois Tool Works in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $276.33.

Illinois Tool Works Trading Up 0.1%

NYSE:ITW opened at $276.15 on Thursday. 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 1-year low of $238.82 and a 1-year high of $303.15. The firm has a market capitalization of $78.65 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 2.98 and a beta of 0.96. The business's 50-day moving average price is $271.54 and its two-hundred day moving average price is $270.44.

Illinois Tool Works (NYSE:ITW - Get Free Report) last issued its earnings results on Tuesday, October 27th. The industrial products company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.97 by $0.03. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. Illinois Tool Works had a net margin of 19.39% and a return on equity of 101.72%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.81 earnings per share. On average, equities analysts expect that Illinois Tool Works Inc. will post 11.42 earnings per share for the current year.

Illinois Tool Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Wednesday, September 30th were paid a dividend of $1.72 per share. This represents a $6.88 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 30th. This is a boost from Illinois Tool Works's previous quarterly dividend of $1.61. Illinois Tool Works's dividend payout ratio (DPR) is 62.38%.

Insider Activity

In related news, CAO Matteo Pigozzo sold 277 shares of the 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 of the company's stock, valued at approximately $981,612.68. This represents a 7.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ernest Santi sold 41,431 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.83% of the company's stock.

Key Stories Impacting Illinois Tool Works

Here are the key news stories impacting Illinois Tool Works this week:

• Positive Sentiment: ITW reported third-quarter adjusted EPS of $3.00, above the roughly $2.97–$2.99 consensus and up from $2.81 a year earlier. Revenue increased 4.5% year over year to $4.24 billion, while record operating margins and enterprise initiatives supported profitability. ITW Reports Third Quarter 2026 Results
• Positive Sentiment: Management raised its fiscal 2026 outlook, including the GAAP EPS midpoint to $11.50, and projected more than 5% organic revenue growth in the fourth quarter. The stronger guidance signals confidence in demand and operational execution. ITW Projects Q4 Growth and Raises 2026 EPS Outlook
• Positive Sentiment: Third-quarter organic revenue grew 4%, led by a 31% increase in Electronics revenue as semiconductor-related demand strengthened. Welding sales also grew 7%, helping offset an estimated $40 million revenue impact from a tornado. Illinois Tool Works: Three Key Takeaways
• Neutral Sentiment: Citigroup lowered its ITW price target from $317 to $310 while retaining a Neutral rating. The revised target still implies approximately 12% potential upside, but the cut suggests limited near-term enthusiasm after the earnings-driven outlook improvement. Citigroup ITW Analyst Rating
• Negative Sentiment: Quarterly revenue came in slightly below analyst expectations of approximately $4.26 billion. Some analysts also trimmed near-term and fiscal 2027 EPS estimates, while commentary indicates the stock’s valuation may already reflect much of the company’s continued growth. ITW Misses Third-Quarter Sales Expectations

Illinois Tool Works Company 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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