Illinois Tool Works (NYSE:ITW) CAO Sells $80,113.94 in Stock

Key Points

• Insider sale: Chief Accounting Officer Matteo Pigozzo sold 277 ITW shares for approximately $80,114, reducing his ownership by 7.55% to 3,394 shares.
• Strong quarterly results: Illinois Tool Works reported adjusted EPS of $2.84, beating estimates by $0.04, while revenue rose 6.1% year over year to $4.30 billion. The company maintained fiscal 2026 EPS guidance of $11.35–$11.55.
• Dividend increased: ITW raised its quarterly dividend to $1.72 per share, equivalent to $6.88 annually and a 2.4% yield. Analysts remain cautious overall, with an average “Reduce” rating and a $281.25 price target.

Illinois Tool Works Inc. (NYSE:ITW - Get Free Report) CAO Matteo Pigozzo sold 277 shares of the company's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $289.22, for a total value of $80,113.94. Following the sale, the chief accounting officer owned 3,394 shares of the company's stock, valued at approximately $981,612.68. This represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Illinois Tool Works Price Performance

Illinois Tool Works stock traded down $3.18 during midday trading on Monday, reaching $287.63. The company's stock had a trading volume of 970,391 shares, compared to its average volume of 1,414,662. The company has a current ratio of 1.11, a quick ratio of 0.81 and a debt-to-equity ratio of 2.26. The stock has a market cap of $81.92 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 4.91 and a beta of 0.99. Illinois Tool Works Inc. has a 52 week low of $238.82 and a 52 week high of $303.15. The business has a 50-day moving average price of $275.01 and a 200-day moving average price of $270.73.

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

Illinois Tool Works Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be given a dividend of $1.72 per share. The ex-dividend date is Wednesday, September 30th. This represents a $6.88 dividend on an annualized basis and a yield of 2.4%. This is an increase from Illinois Tool Works's previous quarterly dividend of $1.61. Illinois Tool Works's dividend payout ratio is presently 58.39%.

Analysts Set New Price Targets

ITW has been the subject of several research reports. Robert W. Baird increased their target price on Illinois Tool Works from $278.00 to $297.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Wolfe Research reaffirmed an "underperform" rating and issued a $286.00 price objective on shares of Illinois Tool Works in a research note on Thursday, July 9th. The Goldman Sachs Group reiterated a "sell" rating and issued a $254.00 price objective on shares of Illinois Tool Works in a report on Thursday, April 30th. Truist Financial lifted their target price on shares of Illinois Tool Works from $280.00 to $301.00 and gave the stock a "hold" rating in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Illinois Tool Works from $310.00 to $350.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $281.25.

Institutional Investors Weigh In On Illinois Tool Works

A number of institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC lifted its position in shares of 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 worth $1,399,000 after purchasing an additional 277 shares during the period. Bison Wealth LLC increased its position in shares of Illinois Tool Works by 2.3% during the fourth quarter. Bison Wealth LLC now owns 3,555 shares of the industrial products company's stock worth $901,000 after buying an additional 81 shares during the period. Sivia Capital Partners LLC raised its stake in Illinois Tool Works by 20.6% during the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the industrial products company's stock worth $257,000 after buying an additional 177 shares during the last quarter. Sei Investments Co. lifted its holdings in 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 valued at $26,401,000 after buying an additional 19,248 shares during the period. Finally, Treasurer of the State of North Carolina lifted its holdings 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 buying an additional 2,890 shares during the period. Institutional investors own 79.77% of the company's stock.

Illinois Tool Works Company 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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