Massachusetts Financial Services Co. MA Has $859.30 Million Position in Illinois Tool Works Inc. $ITW

Key Points

• Massachusetts Financial Services Co. trimmed its position in Illinois Tool Works by 6.6% in Q4 to 3,488,816 shares — a $859.30 million holding, or about 1.20% of the company.
• Large insider sales were reported: EVP Axel Beck sold 4,223 shares (~$1.23M) and Director Ernest Scott Santi sold 167,345 shares (~$48.7M), leaving corporate insiders with 0.83% ownership.
• ITW slightly beat quarterly estimates (EPS $2.72 vs. $2.69; revenue $4.09B), issued FY2026 guidance of 11.00–11.40 EPS

Massachusetts Financial Services Co. MA reduced its stake in Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,488,816 shares of the industrial products company's stock after selling 247,194 shares during the period. Massachusetts Financial Services Co. MA owned 1.20% of Illinois Tool Works worth $859,295,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in shares of Illinois Tool Works in the fourth quarter valued at $1,498,000. Newman Dignan & Sheerar Inc. increased its holdings in shares of Illinois Tool Works by 5.2% in the fourth quarter. Newman Dignan & Sheerar Inc. now owns 3,118 shares of the industrial products company's stock valued at $768,000 after purchasing an additional 155 shares during the last quarter. Evermay Wealth Management LLC increased its holdings in shares of Illinois Tool Works by 9.1% in the fourth quarter. Evermay Wealth Management LLC now owns 624 shares of the industrial products company's stock valued at $154,000 after purchasing an additional 52 shares during the last quarter. West Paces Advisors Inc. increased its holdings in shares of Illinois Tool Works by 2.2% in the fourth quarter. West Paces Advisors Inc. now owns 2,016 shares of the industrial products company's stock valued at $497,000 after purchasing an additional 44 shares during the last quarter. Finally, BIP Wealth LLC acquired a new position in shares of Illinois Tool Works in the fourth quarter valued at $410,000. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Illinois Tool Works

In other news, EVP Axel Beck sold 4,223 shares of Illinois Tool Works stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $290.22, for a total value of $1,225,599.06. Following the transaction, the executive vice president owned 5,789 shares in the company, valued at approximately $1,680,083.58. This trade represents a 42.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ernest Scott Santi sold 167,345 shares of Illinois Tool Works stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total value of $48,685,680.85. Following the completion of the transaction, the director owned 258,766 shares in the company, valued at approximately $75,282,792.38. The trade was a 39.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.83% of the company's stock.

Illinois Tool Works Stock Down 1.0%

NYSE ITW opened at $270.50 on Friday. The company has a market cap of $77.93 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 14.62 and a beta of 1.13. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07. Illinois Tool Works Inc. has a 1-year low of $223.69 and a 1-year high of $303.15. The company has a 50 day moving average of $277.26 and a 200-day moving average of $260.54.

Illinois Tool Works (NYSE:ITW - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $2.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.69 by $0.03. The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.07 billion. Illinois Tool Works had a net margin of 19.11% and a return on equity of 95.16%. The business's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.54 earnings per share. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. On average, equities research analysts expect that Illinois Tool Works Inc. will post 10.39 earnings per share for the current fiscal year.

Illinois Tool Works Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st were paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, March 31st. Illinois Tool Works's dividend payout ratio is presently 61.39%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ITW. Wolfe Research boosted their target price on shares of Illinois Tool Works from $276.00 to $295.00 and gave the company an "underperform" rating in a research report on Friday, February 27th. UBS Group reissued a "neutral" rating and issued a $285.00 target price on shares of Illinois Tool Works in a research report on Wednesday, February 4th. Barclays reduced their target price on shares of Illinois Tool Works from $275.00 to $250.00 and set an "underweight" rating for the company in a research report on Wednesday, April 1st. Citigroup boosted their target price on shares of Illinois Tool Works from $271.00 to $284.00 and gave the company a "neutral" rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Illinois Tool Works in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $270.00.

About Illinois Tool Works

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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