Swiss National Bank Sells 41,600 Shares of Illinois Tool Works Inc. $ITW

Key Points

• Swiss National Bank trimmed its stake in Illinois Tool Works by 4.9%, selling 41,600 shares and leaving it with 802,400 shares (about 0.28% of the company) valued at $209,234,000.
• Large insider sales occurred recently: Director Ernest Scott Santi sold 167,345 shares for roughly $48.69 million and EVP Axel Beck sold 4,223 shares for about $1.23 million, each cutting their holdings by around 39–42%.
• Analysts are mixed—MarketBeat shows a consensus rating of "Reduce" with a $275.69 target—while ITW beat quarterly EPS estimates, set FY2026 guidance of $11.00–$11.40, and announced a $1.61 quarterly dividend ($6.44 annual, ~2.3% yield).

Swiss National Bank lessened its stake in shares of Illinois Tool Works Inc. (NYSE:ITW - Free Report) by 4.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 802,400 shares of the industrial products company's stock after selling 41,600 shares during the period. Swiss National Bank owned about 0.28% of Illinois Tool Works worth $209,234,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC grew its holdings in Illinois Tool Works by 4.2% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 988 shares of the industrial products company's stock valued at $244,000 after purchasing an additional 40 shares during the period. Everpar Advisors LLC grew its stake in shares of Illinois Tool Works by 1.7% during the 3rd quarter. Everpar Advisors LLC now owns 2,574 shares of the industrial products company's stock worth $671,000 after acquiring an additional 42 shares during the period. Confluence Wealth Services Inc. raised its stake in Illinois Tool Works by 1.0% in the 3rd quarter. Confluence Wealth Services Inc. now owns 4,171 shares of the industrial products company's stock valued at $1,087,000 after acquiring an additional 43 shares during the period. Montag A & Associates Inc. boosted its position in Illinois Tool Works by 0.7% during the third quarter. Montag A & Associates Inc. now owns 6,605 shares of the industrial products company's stock worth $1,733,000 after purchasing an additional 43 shares during the period. Finally, BLB&B Advisors LLC increased its stake in shares of Illinois Tool Works by 2.9% in the third quarter. BLB&B Advisors LLC now owns 1,605 shares of the industrial products company's stock worth $419,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 79.77% of the company's stock.

Wall Street Analysts Forecast Growth

ITW has been the subject of a number of recent research reports. Truist Financial lifted their price objective on shares of Illinois Tool Works from $275.00 to $280.00 and gave the company a "hold" rating in a research note on Wednesday, February 4th. Robert W. Baird set a $278.00 price objective on Illinois Tool Works in a research note on Wednesday, February 4th. Wells Fargo & Company raised their target price on Illinois Tool Works from $250.00 to $270.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. increased their price target on shares of Illinois Tool Works from $310.00 to $327.00 and gave the stock an "overweight" rating in a report on Wednesday, March 4th. Finally, Citigroup upped their target price on shares of Illinois Tool Works from $271.00 to $284.00 and gave the stock a "neutral" rating in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, Illinois Tool Works has an average rating of "Reduce" and a consensus target price of $275.69.

Insider Buying and Selling

In other Illinois Tool Works news, EVP Axel Beck sold 4,223 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 5,789 shares of the company's stock, valued at $1,680,083.58. This represents a 42.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ernest Scott Santi sold 167,345 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $290.93, for a total transaction of $48,685,680.85. Following the transaction, the director directly owned 258,766 shares in the company, valued at approximately $75,282,792.38. This represents a 39.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.88% of the company's stock.

Illinois Tool Works Stock Down 0.2%

ITW stock opened at $276.63 on Tuesday. Illinois Tool Works Inc. has a 1-year low of $214.66 and a 1-year high of $303.15. The stock has a market cap of $79.72 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 14.84 and a beta of 1.12. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.07. The company's 50 day moving average is $273.51 and its 200 day moving average is $260.58.

Illinois Tool Works (NYSE:ITW - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.03. The business had revenue of $4.09 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.54 EPS. Illinois Tool Works has set its FY 2026 guidance at 11.000-11.400 EPS. Sell-side analysts predict that Illinois Tool Works Inc. will post 10.39 EPS for the current fiscal year.

Illinois Tool Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be given a dividend of $1.61 per share. The ex-dividend date is Tuesday, March 31st. This represents a $6.44 annualized dividend and a dividend yield of 2.3%. Illinois Tool Works's dividend payout ratio is 61.39%.

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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